Audnzd target 1.25

Gold : back to $75-$80 (36months)

In my opinion, God has completed a major 5wave at$225 thereabouts....it's is currently mid way or a third of the way through a down cycle if not a downtrend.

Gold as it is has lose a lot of its shine since 2011 high at $225.

It will continue downward to about I suspect where the 4th wave begins and that is about $75-$80

It may have a bounce from here if not abit lower first then test key levels of $150,$165 and $195.
It may be a good time to manage the portfolio at those stages, maybe offload some to mitigate the risk.

AudUsd : neutral bouyancy : upside biased.

Reserve Bank documents released late last week under a Freedom of Information request from Bloomberg show that the central bank thought the currency was about 5 per cent overvalued when it was 5 per cent higher than it is now.

It was a note prepared for the September RBA board meeting, marked "confidential" and headed "Is the Australian Dollar Overvalued?" The answer: "The staff's preferred model … suggests that the exchange rate is around 5 per cent overvalued".

In August and September last year the dollar traded up to US105.8 cents. Since then the dollar has fallen to US102 cents and the iron ore spot price has rallied 70 per cent, so it's unlikely that the Reserve Bank now thinks the dollar is overvalued.

Usdjpy target 91:00 in mini wave v down

Usdjpy target 91.00 in mini wave v down
The pair has plunged from 94.60 high and still dropping.

Sell UsdJpy Becasue Soros is taking profit.....

George Soros has been touted to be behind the Yen depreciation and also the Gbp rise.

He as made his profit. And now and only now, Business Insider is reporting it !

Come on BI, aren't you abit too late...??!

Only fools rush in, maybe abit of upside Usdjpy but the show is over, and the people who go in now is going to watch the trailers and credits ....only fools rush in....

Time to sell !!

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http://www.businessinsider.com/soros-profiting-from-decline-in-pound-yen-2013-2?nr_email_referer=1&utm_source=Triggermail&utm_medium=email&utm_term=Business%20Insider%20Select&utm_campaign=Business%20Insider%20Select%20Mondays%202013-02-18&utm_content=emailshare

Hedge Funders Cash In Huge On The Collapse Of The Yen

(Reuters) - U.S. hedge fund investor George Soros has gained about $1 billion since November betting against the yen, the Wall Street Journal reported, citing people with knowledge of the firm's position.

The yen lost nearly 20 percent against the dollar between November and early February, picking up speed as Japan's new government put pressure on the Bank of Japan to ease monetary policy more aggressively to defeat deflation.

Cheers

Mark (Chin M)

UsdJpy on 11 Feburary 2013 : 5th wave down



UsdJpy on 11 Feburary 2013 : 5th wave down

Target 91.20 - 91.50

NzdUsd : Trend channel