Kembar Emas & Poundsterling

Hi...

Ini tulisan yang saya buat untuk pak boss saya di kantor sebenarnya, report yang dibuat untuk kantor kami yang berada di London, Inggris... Biasanya pak boss yg buat setiap hari, tapi jika pak boss saya itu lagi berhalangan, karena harus presentasi atau cuap-cuap di stasiun televisi maka saya yang disuruh gantiin beliau..
Si boss pernah bilang masukin aja di blog-mu tulisan mu itu.. tapi saya tidak punya blog saat itu, dan baru di kesempatan ini buat blog di Blogger ini. 
Mudah2an bisa bikin happy-ending untuk semuanya...

Oiya karena ini laporan untuk London, saya bikin in English, tapi tenang aja ini Menglish kok (Malay English alias Inggris Melayu) gampang dimengerti banget lah, mudah2an :p ... 
Happy-Reading....

October 02, 2012

Dear All…

I’m going to substitute Mr. Nico O.J. again for these two days to make daily commentary, and for today I’d like to show you a twin charts… I wish those will bring you some good opportunities…

And here they are:

On the left is daily chart of GBPUSD and the right one is daily chart of gold (XAUUSD). They look like much to each other, like a twin.

You can see the starting move of the both chart was from the bottom (GBPUSD on 1.5233 and the XAUUSD on 1521.94), bounced to their tops, fell back near to their bottoms and went up to break-test their tops upon their trend lines.

And now they are at their tops… Are they…?

Double Top Formation and Gold RSI’s Bearish Divergence

Of course we can see horizontal lines on the both chart when each of the price reached the top – they are building a double top formation which I call it roof. If it’s strong, the roof is going to push price down.

To see how strong of the roof, we’ll need to see the downside from the top.

Each of the charts now has a sharp trend line support (thin dashed blue lines) and less-sharp trend line support (bold dashed blue lines). I can say the roof may show its early strength when a downside of the price break below the sharp trend line support.

I can’t wait any longer to watch it.

This subtitle is to say: we’re about the top and to go down. And the double top formation and the strengthening roof are the ones that could support this subtitle.

The other one is the bearish-reversal of RSI’s bearish divergence pattern on Gold (XAUUSD). As we can see on the gold daily chart above the oscillator (RSI) is going down from the top, while the price is still hanging on top and has broken higher on yesterday (to 1791.20).

I’d like to see the 1791.20 as a key level – to support the bearish divergence pattern or to fail it.

In this subtitle context, however, the key level 1791.20 will strengthen the bearish divergence pattern, and of course the roof of double top formation, before we need to see if the sharp trend line support is able to break.

I am interested to those things… Besides, I’d like to see the GBPUSD if it stands before XAUUSD, then if the XAUUSD drop is happening, the twins call is coming. GBPUSD will follow the XAUUSD.

 

They’re on Cup, Going to make a Handle?

Another twin pattern of the both charts, a cup and handle pattern. They have already built a cup pattern and about to make a handle. It means the consolidation from their top, and may strengthening their roof and double top formation.

Let’s take a look of the both charts below…

However, this pattern is continuation pattern and later after a consolidation (a correction or should I say a drop) has completed the upside should be back to hit above the top.

But to be sure now, from this potential pattern, the both prices are about to go down from their tops to complete their cup and handle pictures.

And surely I also want to say that I wish this report will bring any better pictures of opportunity for you all…

Have a great day…