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EUR/USD
Sep 17, 2014 at 08:04
Anggota Sejak Apr 08, 2014
1141 pos
Yesterday the EURUSD tested the 1.2988 key level and bounced off it but closed above the 10 day moving average. The pair looks like is developing a bearish flag pattern but without any confirmation yet.
"I trade to make money not to be right."
Anggota Sejak Oct 08, 2011
137 pos
Sep 17, 2014 at 12:50
Anggota Sejak Oct 08, 2011
137 pos
I posted 2 signals with exact entry prices last week, based on a formation on the 4 hr chart. These 2 signals are backed by the 12 hour and 8 hour charts with similar formations. The early entry price I provided is currently 40 pips plus, the second one is currently break even. Target for both signals can be the second reverse-hook on the 12 hour chart, which is near 1.3160
"a little bit of knowledge is a dangerous thing"
Anggota Sejak Oct 08, 2011
137 pos
Sep 17, 2014 at 12:51
Anggota Sejak Oct 08, 2011
137 pos
For a major buy-formation on the daily chart, the violation of the low of yesterday's daily price-bar is required, without violating the low of Sep. 9th. If the low of yesterday is violated today, then the high of yesterday is a legitimate buy-entry (daily chart)
"a little bit of knowledge is a dangerous thing"
Sep 17, 2014 at 14:04
Anggota Sejak Jun 07, 2011
372 pos
The USD has been trading mixed.
Higher against CHF and SEK and lower against GBP and CAD and unchanged versus the JPY, NZD, EUR, AUD and NOK.
The GBP depreciated even after the minutes of the last policy meeting of the Bank of England have revealed that the same two members voted for a 25 basis points interest rate, despite the referendum in Scotland.
The CAD has soared after the Governor of the Bank of Canada, have said, he was cautiously optimistic about the future of exports to economic recovery. Stated that the Central Bank does not attempt to manipulate the value of the Canadian currency.
Higher against CHF and SEK and lower against GBP and CAD and unchanged versus the JPY, NZD, EUR, AUD and NOK.
The GBP depreciated even after the minutes of the last policy meeting of the Bank of England have revealed that the same two members voted for a 25 basis points interest rate, despite the referendum in Scotland.
The CAD has soared after the Governor of the Bank of Canada, have said, he was cautiously optimistic about the future of exports to economic recovery. Stated that the Central Bank does not attempt to manipulate the value of the Canadian currency.
Anggota Sejak Jul 10, 2014
1117 pos
Anggota Sejak Jun 08, 2014
454 pos
Anggota Sejak Apr 14, 2014
230 pos
Anggota Sejak Nov 11, 2012
271 pos
Sep 17, 2014 at 21:54
(diedit Sep 17, 2014 at 21:58)
Anggota Sejak Nov 11, 2012
271 pos
takechance posted:
Today I took a short entry at 1.2920. My target is 1.2775. Maybe in a week or so.
My short trade from the 1.2920 level will most probably see the target of 1.2775 very soon. Next immediate low levels I am forecasting are 1.2832 and then 1.2775.
Cheers and happy trading.
antariks1@
Anggota Sejak Nov 11, 2012
271 pos
forex_trader_202879
Anggota Sejak Aug 07, 2014
406 pos
Sep 18, 2014 at 07:18
Anggota Sejak Aug 07, 2014
406 pos
takechance posted:takechance posted:
Today I took a short entry at 1.2920. My target is 1.2775. Maybe in a week or so.
My short trade from the 1.2920 level will most probably see the target of 1.2775 very soon. Next immediate low levels I am forecasting are 1.2832 and then 1.2775.
Cheers and happy trading.
Nice prediction. You simply went back as far as you could with the h4 chart and looked for the last time eu accumulated near its current price and that is how you got 1.2832... Under that we have 1.2807 1.27655 and 1.27549
You must admire how EU was able to stay sideways for the time it did Showing higher highs and higher lows and then all of a sudden have the rug pulled out from under her. I would take a stab in the dark and say that if eu doesnt go back to 1.2920 before 1.28078 then EU will for sure have a big time correction in the making.
Right now on all smaller tf eu is clearly showing accumulation, I would say one more long red candle down before any reversal back to 1.2950 If it makes a clean bounce from here I would be shocked.
Anggota Sejak Nov 11, 2012
271 pos
Sep 18, 2014 at 09:41
Anggota Sejak Nov 11, 2012
271 pos
Cholipop posted:takechance posted:takechance posted:
Today I took a short entry at 1.2920. My target is 1.2775. Maybe in a week or so.
My short trade from the 1.2920 level will most probably see the target of 1.2775 very soon. Next immediate low levels I am forecasting are 1.2832 and then 1.2775.
Cheers and happy trading.
Nice prediction. You simply went back as far as you could with the h4 chart and looked for the last time eu accumulated near its current price and that is how you got 1.2832... Under that we have 1.2807 1.27655 and 1.27549
You must admire how EU was able to stay sideways for the time it did Showing higher highs and higher lows and then all of a sudden have the rug pulled out from under her. I would take a stab in the dark and say that if eu doesnt go back to 1.2920 before 1.28078 then EU will for sure have a big time correction in the making.
Right now on all smaller tf eu is clearly showing accumulation, I would say one more long red candle down before any reversal back to 1.2950 If it makes a clean bounce from here I would be shocked.
Appreciate your analysis though I never got the idea of accumulation and distribution clearly but heard its powerful in the stock markets.
Maybe we can discuss sometime in private about your understanding on this. Cheers
antariks1@
Sep 18, 2014 at 09:48
Anggota Sejak Apr 08, 2014
1141 pos
EURUSD fell after initially trying to rally during yesterday session, sending this market just below the 1.29 level. After the Fed monetary policy statement the Euro lost value against the Dollar, but could not break down below the 1.28 key level. A move above the 1.30 level is extraordinarily bullish, just as a move below the 1.28 level would be extraordinarily bearish.
"I trade to make money not to be right."
Anggota Sejak Nov 11, 2012
271 pos
Sep 18, 2014 at 10:14
Anggota Sejak Nov 11, 2012
271 pos
I believe technical analysis can never forecast the market direction with utmost confidence because directional forecast is the job of fundamental analysts. Major market moves are always because of fundamental change in the underlyings. But fundamental analysts lack the proper valuations of the assets hence they can never tell you how far the market will go. That is the job of the technical analysts to identify these crucial support and resistance levels by analyzing people psychology.
antariks1@
Anggota Sejak Sep 17, 2014
1 pos
Sep 18, 2014 at 13:40
Anggota Sejak Sep 17, 2014
1 pos
honeill posted:
EURUSD fell after initially trying to rally during yesterday session, sending this market just below the 1.29 level. After the Fed monetary policy statement the Euro lost value against the Dollar, but could not break down below the 1.28 key level. A move above the 1.30 level is extraordinarily bullish, just as a move below the 1.28 level would be extraordinarily bearish.
yes, i agree with your view. what the bears need is the break below 1.28. the bulls will be happy when 1.3 is broken.
Anggota Sejak Jul 10, 2014
1117 pos
Anggota Sejak Jan 28, 2014
41 pos
Sep 18, 2014 at 15:15
Anggota Sejak Jun 07, 2011
372 pos
Dollar traded at lower against almost all G10 peers.
The market is looking forward to the referendum in Scotland.
The market positioning is also very much in favor of a 'no'. This means that the market reaction to a 'no' would be much smaller than the reaction to 'yes', that would probably be dramatic.
The market is looking forward to the referendum in Scotland.
The market positioning is also very much in favor of a 'no'. This means that the market reaction to a 'no' would be much smaller than the reaction to 'yes', that would probably be dramatic.
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