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- 48 Results (18 Replies , 30 Comments )
- ajpipsmaker commented Mar 5, 2014
ECB won't be doing anything, in my opinion. And, as a result, the EURUSD will fly tomorrow. This is just my view. I may be wrong here. However, the recent inflation data suggests no need of rate cut in the short term. Let's see what will happen ...
- ajpipsmaker commented Feb 26, 2014
Have a look at the USDJPY. It is climbing. I love this pair. I was long, and looks like that my idea paid off. Anyone else was long USDJPY? However, I still see the 102.60/70 as a major hurdle for the pair. If the range persists, then we can witness ...
- ajpipsmaker replied Feb 20, 2014
Buyers are struggling to keep the pair rising. I think we are at critical juncture now. We may now see a break in the pair. The pair is consolidating, as of writing, and I think we will witness at least 80-100 pips move once the pair breaks this ...
- ajpipsmaker commented Feb 18, 2014
Well, I think selling GBPUSD might be a risk considering the current market sentiment. The pair may again find buyers around the 1.6660/40 level. I may be wrong, but the pair failed today at around the 1.6650 level. We need to see how the pair ...
- ajpipsmaker replied Feb 13, 2014
USDCHF for me is in an uncertain world just like the EURUSD. They both don't know where to go from here I am just kidding. They both are stuck in a range for some time. Let's see whether they can come out of that. I was looking at the hourly ...
- ajpipsmaker commented Feb 12, 2014
I like the sentence Pound the Pound. I think no one can pound the pound now. It is not at all willing to go down. The 1.6600/10 level is a crucial swing level now. Any break higher might trigger more gains for the pair, and it is possible that the ...
- ajpipsmaker commented Feb 11, 2014
Sterling is in no mood to go down from here. I see only buying opportunities on the pair. Even if the pair manages to fall from here, then I think that will be a buying opportunity. I read in many places, people keep buying the pair. There is a guy ...
- ajpipsmaker commented Feb 10, 2014
Some things just doesn't matter to the Euro. The pair has kept rising. However, I think the 1.3660 level is a major hurdle for the pair, and it might struggle to take it out. I think one can consider buying from around the 1.3580 and 1.3560 level. ...
- ajpipsmaker commented Feb 7, 2014
Let's hope that the Canadian jobs report comes out well today. The decline in the Canadian dollar is a bit overstretched, in my opinion. What are your thoughts? The USDCAD has also traded a lot higher than expected. I think the pair is due for a ...
- ajpipsmaker commented Feb 6, 2014
LOL killer stuff from the Euro. The EURUSD plunged about 120 pips. I never thought that Draghi will come out so less dovish today. He was optimistic about the growth this time. He must have had a long position on the Euro, LOL However, the ...
- ajpipsmaker replied Feb 5, 2014
I am not at all considering selling the AUDUSD. I think the pair has more room to the upside, and I will not risk selling at these levels. I might consider buying dips. Not above the 0.8800 level. Anything below this is a buy for me. This is just my ...
- ajpipsmaker commented Feb 4, 2014
I somehow agree with the argument made. I think the recent panic about the emerging market, and the possible impact on the US is more of the media hype and less of a fact. This panic has caused a serious buying in one of the safe heavens JPY. The ...
- ajpipsmaker replied Feb 3, 2014
1.6260 is biggie for the pair. Let's see what happens in coming sessions. I expect a bounce from the mentioned level. Of course, anything can happen in Forex. So, we need to be very careful. Cheers!
- ajpipsmaker replied Jan 31, 2014
The EURUSD surprised me today with a break of an important 1.3500 support level. The pair also broke an important up-move trend line as can be seen in the 4 hour chart below. The pair is now trading below the key 1.3500 level. The broken support at ...
- ajpipsmaker commented Jan 31, 2014
Well, you are right it is down by 1.2 points. However, sometimes the market does not see it that way. The outcome was better than expected. The previous reading was revised up, and the current reading also came better than expected, beating the ...
- ajpipsmaker replied Jan 30, 2014
I am more than happy to see cable diving hard. It's because I think any major setback is a buy opportunity. I think the 1.6450 level should hold for now. The pair might jump back towards the 1.6520/30 level. There are few things to consider here in ...
- ajpipsmaker commented Jan 30, 2014
The US GDP data is more in line with the expectations. However, the thing to consider here is that the jobless claims rose again to 348K. The previous reading was also revised up from 326K to 329K. Not that it will have a huge impact. But, the ...
- ajpipsmaker replied Jan 29, 2014
Wow, what a nasty pullback from the EURUSD. The pair surged more than 60 pips from the up move trend line. This is a great reaction from the pair just ahead of the FOMC. The last major support was also respected, as can be seen in the chart below. ...
- ajpipsmaker commented Jan 29, 2014
FOMC here we come. This is one of the major risk events for the week, and probably for the month. There are a lot of talks that the fed will taper again and reduce bond purchasing by another $10B. However, I am bit confused about the fact that the ...
- ajpipsmaker commented Jan 28, 2014
Another poor show after the new home sales data. This is again disappointing, and may weigh further on the US dollar. The pairs like EURUSD and GBPUSD are already gaining momentum to the upside. We have a big day tomorrow. So, we must be prepared ...