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- michael7 replied Feb 24, 2008
You're not going to see a lot of "give" to the upside with these bollinger bands on the daily chart. Looks like the lower bollinger bands are accommodating a lower penetration to the downside. Weekly bollinger bands look pretty firm also, preventing ...
- michael7 replied Feb 18, 2008
Reversal head & shoulders?
- michael7 replied Feb 13, 2008
A break to the upside past the 1.4961 level and trendline would look discongruous. Note: I'm not long term bearish this pair, the trend is obviously bullish; however, near-term, I am bearish because of prolonged unstructured unsustainability. Anyone ...
- michael7 replied Feb 8, 2008
I'm not necessarily long term bearish the Eur/Usd, however, I am short term. I think we need to see a retest of the 50 sma on the weekly chart here. The red sma shown. I don't like the gaping white area underneath current market price. There's no ...
- michael7 replied Dec 19, 2007
I don't like a long position here at all. Any time when you have an inability to make higher highs and higher lows is very negative. Not to mention an inability to move past the swing high formation that we saw back in August. Not to mention the ...
- michael7 replied Dec 15, 2007
I personally trade the Eur/Usd with close attention to its 50 day moving average on the daily and weekly chart. When we break the 50 day moving average on this currency pair we usually don't see a uptrend developement until we break trendlines and ...
- michael7 replied Dec 14, 2007
I'm pretty good at technical analysis, but I have a quandry that needs to be solved. I'm seeing weakness in the yen carry trade with such pairs as the Eur/Jpy, Gbp/Jpy, and the Chf/Jpy, but at the same time I'm seeing a great buying opportunity in ...
- michael7 replied Dec 14, 2007
Weekly trendline break anyone?
- michael7 replied Dec 13, 2007
The Eur/Usd has a strong characteristic feature where it does not like price action to move very far from its 50 day moving average. On this weekly chart i'm seeing price action divergence away from the weekly 50 sma. Add to the fact that the ...
- michael7 replied Dec 6, 2007
I normally don't look at bollinger bands to indicate oversold or overbought conditions, however, when I see a great indication of overextendedness on the monthly or weekly charts I'm more willing to accept its authenticity. Here's a look at the ...
- michael7 replied Nov 15, 2007
Anyone agree with my trendline assessment of cable. I said it before and I'll say it again, a trendline break and a break below the 50 day moving average on the daily chart is very negative price action. Especially simultaneously.
- michael7 replied Nov 12, 2007
Never mind the sell stops, he he. I like the Eur/Usd above any currency pair with regard to trendlines. Support and resistance levels are so clean with this currency pair. I see the Eur/Usd potentially breaking this trendline to the downside. It's a ...
- michael7 replied Nov 3, 2007
Nice channel on the monthly chart! he he My interpretation of recent price action in the Usd/Cad is the fact that the greatest amount of support here is at the .900 round number or the retest of the bottom channel. Given the angle of this channel, ...
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