Gold Touched 1300 USD /Oz

After 5 months Gold touched 1300 mark. It was traded at this level by August 18th last year.

From last years closing price of 1187, gold printed good number of green bars so far to reach here, may find some support at this level in forthcoming days.

Not sure there will be any further raise, hope may not fall beyond 1280. 

Alpari UK applied for insolvency - its official now!

Alpari UK applied for insolvency yesterday and appointed KPMG  as joint special administrators under the Special Administration Regime (SAR) UK.

Thousands of retail traders locked out of trading with billions of Pounds left with Alpari UK are awaiting a quick response from the other end. Many who turned to be traders, due to Alpari's strong campaign started to feel like they are scammed. It is hard for them to understand Swiss National Bank's sudden move to remove the informal peg to the euro at around 1.20 Swiss francs on Thursday.

All their phones and e mails are remained unanswered. However now they updated with a KPMG mail ID for enquires:
For all queries, please contact:
alpariukclaims@kpmg.co.uk

The administrators will endeavour to respond to your query as soon as possible.

Alpari UK is not filed for insolvency yet!

Earlier UK arm of Alpari announced its insolvency plans was retracted by company and it was posted on its website. Clients of Alpari UK is locked out of their accounts
Important announcement
The recent move on the Swiss franc caused by the Swiss National Bank’s unexpected policy reversal of capping the Swiss franc against the euro has resulted in exceptional volatility and extreme lack of liquidity. Retail client funds continue to be segregated in accordance with FCA rules. For the avoidance of any doubt and notwithstanding previous announcements by the company, Alpari (UK) Limited has not entered a formal insolvency process. The board of directors are urgently considering all options including a sale and are liaising closely with the FCA. We hope to make a further announcement shortly.

USDCAD This Week 12 ~ 16 Jan 2015!

1.1862
1.2045
1.1802
1.1976

Bull overpowered Bear throughout this week. The pair continue its uptrend and at its highest in 5+ years. Strong support level at 60 SMA.

Start the week bullish, from the point it touch down the support. Monday gained 130 + pips.

Tuesday moving sideways with 40 pips up and 50 pips down in afternoon.

Wednesday start climbing 40 pips and down 70 pips to test the resistance level, but moved sideways again.

Thursday sudden dip of 180 pips. Bull came into action immediately to place above resistance. Printed a long green cross candle bar.

Throughout Friday moved side, but a bullish 70 pips followed by bear attack. However the resistance level of 60 SMA is honoured.

his week's my positions:

Long: 4

Lot Profit/Loss Lot X Pips
5 76 380
5 -12 -60
3 -15 -45
5 23 115
Net PIP Gain or Loss 390

Lot Profit/Loss Lot X Pips
3 17 51
5 -15 -75
3 -15 -45
Net PIP Gain or Loss -69

Total Gain or Loss USDCAD = 321 PIPs

USDJPY This Week 12 ~ 16 January 2015!

Opened at 118.33, High at 119.31, Closed at 115.85 and touched Low at 117.59.

The pair honours the 60 SMA as resistance level throughout this week except last day. Strong dollar failed to cross 120 level last month, Tested 120 once this year, Yen resisting USD for few days.

Bullish mood of Monday morning dried down in the afternoon. A movement of 100 pips both ways, settled at 118 at the end of the day.

Tested the resistance level at 60 SMA gained 70 pips in the morning, down by 80 pips later today. Midday movement along the line.

Bearish Wednesday saw 180 pips down till afternoon. Bull came into action later topping 120 pips by next day morning.

180 pips bearish Thursday saw a 90 pip recovery only to loose further to close as a red candle.

170+ pips gain by bull in action for most of the day, crossed the week long resistance successfully.

Now my weekly statement with USDJPY



Sort Positions: 6

Lot Profit/Loss Lot X Pips
5 24 120
5 -15 -75
3 60 180
4 32 128
2 108 216
5 -20 -100
Net PIP Gain or Loss 469


Long Poition: 5

Lot Profit/Loss Lot X Pips
3 72 216
5 34 170
3 46 138
5 -18 -90
1 111 111
Net PIP Gain or Loss 545

Total Gain or Loss USDJPY = 1014

AUDUSD This Week 12 ~ 16 January 2015!

A fine support line formed along with 200 SMA in 1 hour chart around 0.81xx

Opened at 0.8209, High at 0.8294, Low at 0.8067 and Closed at 0.8222

Monday had a sharp decline by 100+ pips in the morning touched 200 SMA and bounced back 30 pips by late evening.

Tuesday tested 200 SMA few times but the support was strong enough to throw back high. But strong US Dollar did not allow Australian Dollar to see any remarkable gains.

Wednesday 200 SMA was breached by 70+ pips and started recovering above the support level. All day touch and go at support level.

Thursday gained 80 pips in early hours and got pushed down to support level. Again started to move up by 140+ pips. Strong USD played bearish, AUD down by 80 pips in the afternoon.

Friday earlier few hours a little bullish but again went down to test the support. By evening before the closing bell AUD saw 50 pips gain.

Short Position: 5

Lot Profit/Loss Lot X Pips
5 71 355
5 21 105
5 -12 -60
5 -15 -75
5 -20 -100
Net PIP Gain or Loss 225

Long Position: 2

Lot Profit/Loss Lot X Pips
5 40 200
5 50 250
Net PIP Gain or Loss 450

Total Gain or Loss: 675 PIPs.


GBPUSD This Week 12 ~ 16 January 2015!

Opened at 1.5177, reached a high at 1.5269, touched low at 1.5074 and Closed at 1.5134.
The pair shown some support but could not gain due to strengthening US Dollar.

Monday lost 100 pips in the morning, however gained back in the after noon,
Tuesday GBPUSD registered very similar pattern 100 pips lost and gain.
Wednesday gained 120 pips and lost 50 pips next hour. Same pattern followed on thursday as well. Friday 70 pips gain followed by 150 pips drop.

Overall good run for technical followers. Formed a nice indicative patterns to follow both the times of fall and raise.

Sort Trades: 5

Lot Profit/Loss Lot X Pips
5 43 215
5 -12 -60
5 -16 -80
5 14 70
5 57 285
Net PIP Gain or Loss 155

Long Trades: 5

Lot Profit/Loss Lot X Pips
2 37 74
5 40 200
3 52 156
5 -20 -100
5 17 85
Net PIP Gain or Loss 274

Net Gain/Loss = 429 PIPs GBPUSD

EURUSD This Week 12 ~ 16 Jan 2015

This week EURUSD Opened at 1.1847, reached High at 1.1870, touched Low at 1.1458 and Closed at 1.1537.
With three consecutive red days registered with just one green bar on Jan 14 Euro had another big red week. There is 310 pips different between open and close and 412 pips between high and low.

There was no rollercoaster movement as steady fall all over the week. However there was a sudden dip on Thursday (January 15th) at 9:30 to 9:35 GMT. It was a whooping 200 pips. The drop was expected to continue as there was no evident support level. However Euro started to recover steadily. As US Dollar failed to strengthen further Euro gained in next 30 minutes. Down from 1.1752 to 1.1567 in 5 minutes and gained back to 1.1752 in 26 minutes later.

Otherwise it was steady downtrend with this pair. Not only this week, for past many days, weeks, months EURUSD printed a lot of red bars. Those who follow the trend tend to be a winner this week.

Here is my trades with this pair.
Long Positions: 3


Lot Profit/Loss Lot X Pips
3 48 144
3 -18 -54
2 165 330
Net PIP Gain or Loss 420

Short Positions: 7

Lot Profit/Loss Lot X Pips
5 58 290
5 67 335
5 37 185
5 160 800
5 125 625
5 132 660
5 -12 -60
Net PIP Gain or Loss 810

Net Gain/Loss = 1230 PIPs for EURUSD.

Would like to know your states in comments if don't mind to share.

EURUSD at 1.155 may go further down.

As EURUSD touched 1.155 it may go further 1.14x. Those who hold short positions keep it intact with a trailing stop.

EURUSD may find support now?

Strong USD push down the week Euro, now trading at 1.158. As it nearing yesterday low here it also forms a dounle bottom. It could possibly be a double bottom. But without any strong support signal going long could be fatal.
EURUSD 1 hour chart double bottom

Better wait for any strong reversal sign before going for any long position.

What happened to USDCHF?

USDCHF down 2600 pips in a jiffy.
This happened after SNB removed the cap on CHF. Will it bounce from here or go further down or find support?
Bid & ask came to still.
USDCHF hourly chart on Jan 16 2015

EURUSD hits Lowest

As USD getting stronger EUR continues it downslide. EURUSD touched its 2005 level 1.7xxx.
EURUSD barchart
EURUSD bar chart
There no clear sign of support, reversal at this point. Downtrend may continue further.