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DislikedWell, we reached the weekly 200sma/55ema/38.2 fib confluence area. I see good confluence with 23 fib retrace, previous resistance bar (in red), daily and 1 hr 55ema's.
I may put in a small buy order just as a test to 5980.
Late for work.
See ya.Ignored
DislikedGolds interesting
I don't know if these lines are legit but I don't trade Gold anyway, can't afford the leveraged drawdown.Ignored
DislikedWatching silver, it's looking kind of bullish but will wait for a breakIgnored
DislikedIBB,
You raise some interesting and valid points.
I tend to view the forex world based on the two biggest reserve currencies in the world; namely USD and Euro. USA is the largest economy in the world and the European Union is the largest economic union/trading block in the world so whatever happens in these two regions going to have quite a lot of impact around the world, including new emerging economic heavyweights like China.
So what is happening to the two currencies lately? Attached is the EU weekly chart, without the pinbars (to...Ignored