DislikedExcellent look like you ended this week with a long position with a current profit of about 40 + pips Nice!!!Ignored
Best of luck for everyone (except those going against my position ) and have a happy new year with a lot of pips
USD/JPY Discussion 7 replies
NZD/JPY Discussion 12 replies
long eur/jpy, gbp/jpy, usd/jpy 11 replies
EUR/USD Bollinger Band Discussion 3 replies
Suidster's GBP/JPY Discussion 19 replies
DislikedExcellent look like you ended this week with a long position with a current profit of about 40 + pips Nice!!!Ignored
DislikedLooks like their may be some crazy resistance when we reopen. Their may be a possible retracement back to the 113.70 area before we get another boost upwards.Ignored
DislikedWell i am also looking forward for a little retracement and i hope it would happen before any up move.Ignored
One problem: An inverse correlation between the deficit and the dollar does not exist. On this, the December 2004 Elliott Wave Financial Forecast presented a ground-breaking chart of the past three decades of the US Trade Weighted Dollar versus the Current Account Deficit/Surplus (as a percentage of GDP). Here are few of the startling results:
And, this later observation: From December 31, 2004 to November 2005, the deficit widened to the largest on record while the greenback enjoyed a steady, 15% uptrend.
Bottom line: There is no guarantee that a rise in the trade deficit will cause the dollar pool to dry up. (And vice-versa.)
Not to mention this very crucial fact: The greenback’s most recent uptrend kicked off on November 23, many weeks before the narrowing deficit number hit the newsstands.
And, in the November 23 Short Term Update, our analysts went on high alert with this timely insight:
“Today’s big news is likely not found in the pages depicting US stock tables, but instead, on trading screens of world currency trends. Based on our interpretation of the wave structure, it appears that the euro has topped, which implies a dollar bottom.”
DislikedIgnored
DislikedMy technical tells me. 114.50 levels is resistance.
Daily Chart gives indication of pull back..
RSI, MACD, Stochastics and other indicators gives signal the Pair will drop.. And then rise back again..
The strength of pushing aint there... Many Sell Open orders are intacts at 114.50 levels..Ignored
DislikedI am seeing it to go more down atleast 113 some where tht range.
What others think?Ignored