Attachments: EURUSD

EURUSD

Post #2,661
Quote
Sep 19, 2007 2:44am Sep 19, 2007 2:44am

justineFX
| Joined Jun 2007 | Status: Member | 17 Posts

Hello there..
This week saw tremendous rise in Eur/USD trades.
Now, whilst above 1.2900 (1.2800 max), the Euro remains in an uptrend which is heading back towards 1.3800, and possibly higher still, towards 1.4100.

Keep trading! No speculation - true Forex calculation...

Post #2,662
Quote
Sep 19, 2007 5:17pm Sep 19, 2007 5:17pm

ashlee_17
| Joined Mar 2007 | Status: Member | 425 Posts

EUR/USD is in full-bullish mode. I am expecting another big move this thursday and friday - maybe as high as 1.4100 by friday which opens up the way to a potential move to 1.45 in 3 - 6 months.

Post #2,663
Quote
Sep 19, 2007 5:30pm Sep 19, 2007 5:30pm

MPP
Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts

Quoting ashlee_17

Disliked

EUR/USD is in full-bullish mode. I am expecting another big move this thursday and friday - maybe as high as 1.4100 by friday which opens up the way to a potential move to 1.45 in 3 - 6 months.

Ignored

still long from 1.3800, going to add at 1.3950, i'm only aming for 1.4 though this time round. i expect another drop before we make good clearance of 1.4.

Post #2,664
Quote
Sep 19, 2007 7:12pm Sep 19, 2007 7:12pm

cesarnc
Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,667 Posts

Dollar Near Record Low Versus Euro Before Bernanke's Testimony
By Min Zeng

Full story...

Rmk: Just sharing the information strictly for those who care.

Post #2,665
Quote
Sep 20, 2007 4:34am Sep 20, 2007 4:34am

owkenobi
| Joined Oct 2006 | Status: Member | 77 Posts

Quoting cesarnc

Disliked

Dollar Near Record Low Versus Euro Before Bernanke's Testimony
By Min Zeng

Full story...

Rmk: Just sharing the information strictly for those who care.

Ignored

I care, Cesarnc, thank you for sharing.

They say that fiber will hit 1,42 - 1,43 by year-end. I thought about it even before subprime turmoil and fomc rate cut. Now the picture appears acutely worse for the greenback and if we think fomc will cut interest rate furthermore as expected, the "Jacko" target of 1,45 looks pretty achievable in 12 months.

Now the problem is to find a "cheap" entry point... Fiber has broken the upper resistance from 05.2006 opening a fresh new scenario...
I think I need to load myself with a lot of patience and wait.
A deep valley must happen before 1,45...

P.S. Today at 14:00 GMT we can watch Ben Bernanke's speech on bloomberg.

1) Go to:

http://www.bloomberg.com/tvradio/tv/

2) click on "launch video player"

3) Select your country on the new window.

4) Enjoy!

Post #2,666
Quote
Sep 20, 2007 4:49am Sep 20, 2007 4:49am

cesarnc
Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,667 Posts

Quoting owkenobi

Disliked

P.S. Today at 14:00 GMT we can watch Ben Bernanke's speech on bloomberg.

1) Go to:

http://www.bloomberg.com/tvradio/tv/

2) click on "launch video player"

3) Select your country on the new window.

4) Enjoy!

Ignored

Thanks. I was wondering whether or not it would be webcast...

Post #2,667
Quote
Edited 5:47am Sep 20, 2007 5:46am | Edited 5:47am

owkenobi
| Joined Oct 2006 | Status: Member | 77 Posts

1,3800 could be a "cheap" entry point...
It's a confluence of a trendline, fibonacci levels and cycle (for timing).
We will see on the next six - nine days.

Attached Image (click to enlarge)

Click to Enlarge

Name: eu_d1.gif
Size: 25 KB

Post #2,668
Quote
Sep 20, 2007 5:54am Sep 20, 2007 5:54am

cesarnc
Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,667 Posts

Quoting owkenobi

Disliked

1,3800 could be a "cheap" entry point...
It's a confluence of a trendline, fibonacci levels and cycle (for timing).
We will see on the next six - nine days.

Ignored

I understand this upper green trendline is in the weekly back to 2005, right?

If so we have hope for a close below the figure this week as to keep the cheap price alive. If this trendline goes this week (Bernanke today + Trichet tomorrow!!!!) then 1.40 will be the cheap price around here.

BTW, swiss also cracked the 1.18 figure today, which denotes the strong dollar bearish here. USDCAD showing teeth to parity. Either Bernanke's testimony is already price in, or we're having another leg to go.

Post #2,669
Quote
Sep 20, 2007 6:14am Sep 20, 2007 6:14am

de123
Joined Sep 2006 | Status: Member | 2,331 Posts

Quoting de123

Disliked

in my dreams,... when we will see 1.40, the ppl will panic and so it will form a great setup for levels between 1.40 and 1.50.

Ignored

...panic seeling expected...

its just money

Post #2,670
Quote
Sep 20, 2007 6:27am Sep 20, 2007 6:27am

HalifaxCB
| Joined Apr 2007 | Status: Ich habe genug | 551 Posts

One of the big drivers last night was the talk re. Saudi dropping it's peg to the dollar. If they go, expect similar from the other big petro-dollar holders (who are currently sitting on 3.5 trillion USD reserves apparently). Euro is the ccy of choice, if they do.

Post #2,671
Quote
Sep 20, 2007 6:33am Sep 20, 2007 6:33am

de123
Joined Sep 2006 | Status: Member | 2,331 Posts

if they lowered the rates, the us and the eur raises them,...eur/usd could became a carry trade....

its just money

Post #2,672
Quote
Sep 20, 2007 7:04am Sep 20, 2007 7:04am

HalifaxCB
| Joined Apr 2007 | Status: Ich habe genug | 551 Posts

Quoting de123

Disliked

if they lowered the rates, the us and the eur raises them,...eur/usd could became a carry trade....

Ignored

lol - as eur/usd has gone up ~75% in the last 7 years, that makes ~10%/year. Less a couple of % for interest rate differentials, I still think it could qualify

Post #2,673
Quote
Sep 20, 2007 7:11am Sep 20, 2007 7:11am

cesarnc
Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,667 Posts

Quoting de123

Disliked

if they lowered the rates, the us and the eur raises them,...eur/usd could became a carry trade....

Ignored

Trichet was crystal clear: hike cycle "on hold"...

Post #2,674
Quote
Sep 20, 2007 7:14am Sep 20, 2007 7:14am

de123
Joined Sep 2006 | Status: Member | 2,331 Posts

Quoting cesarnc

Disliked

Trichet was crystal clear: hike cycle "on hold"...

Ignored

i agree, but long term...he is trying to say...not now, but later for sure...

its just money

Post #2,675
Quote
Sep 20, 2007 7:17am Sep 20, 2007 7:17am

cesarnc
Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,667 Posts

Quoting de123

Disliked

i agree, but long term...he is trying to say...not now, but later for sure...

Ignored

exactly. He said "on hold" (due to financial crisis) to make it clear "not finished" ("we know where we are going to")

Post #2,676
Quote
Sep 20, 2007 7:20am Sep 20, 2007 7:20am

owkenobi
| Joined Oct 2006 | Status: Member | 77 Posts

Quoting cesarnc

Disliked

I understand this upper green trendline is in the weekly back to 2005, right?

Ignored

The green upper trendline is from 5/2006, I think it better fit fiber course.

Quoting cesarnc

Disliked

If so we have hope for a close below the figure this week as to keep the cheap price alive. If this trendline goes this week (Bernanke today + Trichet tomorrow!!!!) then 1.40 will be the cheap price around here.

BTW, swiss also cracked the 1.18 figure today, which denotes the strong dollar bearish here. USDCAD showing teeth to parity. Either Bernanke's testimony is already price in, or we're having another leg to go.

Ignored

1,40 cheap is possible. Technically it means that the green trendline is now supportive.

Attached Image (click to enlarge)

Click to Enlarge

Name: eu_d1_2.gif
Size: 19 KB

Post #2,677
Quote
Edited 2:54pm Sep 20, 2007 1:35pm | Edited 2:54pm

debtfreedom7
| Joined Aug 2007 | Status: Member | 1 Post

NEW UPDATE EUR/USD

{ Link Removed }

Expected EU will going up to fibo 161.8 at price 1.4192 before revesal. From MACD we can see that the strength of EU to going up to that level is possible. Therefore I expected EU will overbought at closing price 1.4192 by this week or next week.

P/S - Sorry the explaination in Malay language on the chart.

GOOD LUCK