Are we close to TREND REVERSAL? | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

M & W (S.M) - London Close (V.N & S.H) - NY Reversal (H.D)- Me 14 replies

(False) Breakout & Trend Reversal Strategies?? 12 replies

Trend Reversal Confirmed? 0 replies

POLL- Trend Reversal or Retracement 0 replies

Are we close to TREND REVERSAL?

  • #1
  • First Post: Jun 13, 2006 1:17pm Jun 13, 2006 1:17pm
Just a thought really as I see the dollar gaining so much over the last week and this week too... trend seems to be heading downwards in almost all time scales in the charts....

do u think its possible over the next days to have a trend change to downtrend?

i wasnt sure at all in the last few weeks, however the last 2 - 3 days i am very sceptical about the sudden drop in the euro...i mean is it just a phase of the dolar due to the Feds comments and possible hikes to come along with low oil OR are we about to see dollar getting stronger across the board with eur/usd trying 1.23 and downward?

time and DATA will tell....(watch CPI tommorow)
  • #2
  • Jun 13, 2006 1:25pm Jun 13, 2006 1:25pm
Quoting lindamartinfx
Just a thought really as I see the dollar gaining so much over the last week and this week too... trend seems to be heading downwards in almost all time scales in the charts....

do u think its possible over the next days to have a trend change to downtrend?

i wasnt sure at all in the last few weeks, however the last 2 - 3 days i am very sceptical about the sudden drop in the euro...i mean is it just a phase of the dolar due to the Feds comments and possible hikes to come along with low oil OR are we about to see dollar getting stronger across the board with eur/usd trying 1.23 and downward?

time and DATA will tell....(watch CPI tommorow)
That's a good question. At this point, I think we're factoring in the inevitable rate increase in June.

I think the dollar run-up may continue, albeit cautiously until the fed hints on that it will stop raising the rates...which, apparently could continue for another 3 meetings.
  • #3
  • Jul 24, 2007 12:04pm Jul 24, 2007 12:04pm
All i know is that the usd will still contu\inue the downfall until there is something to be done in the Fed.level. Butall hands sgould be on deck that when it is resolved there will be a big turnover for the USD.

Happy trading y'all

Quoting lindamartinfx
Just a thought really as I see the dollar gaining so much over the last week and this week too... trend seems to be heading downwards in almost all time scales in the charts....

do u think its possible over the next days to have a trend change to downtrend?

i wasnt sure at all in the last few weeks, however the last 2 - 3 days i am very sceptical about the sudden drop in the euro...i mean is it just a phase of the dolar due to the Feds comments and possible hikes to come along with low oil OR are we about to see dollar getting stronger across the board with eur/usd trying 1.23 and downward?

time and DATA will tell....(watch CPI tommorow)
  • #4
  • Jul 24, 2007 12:05pm Jul 24, 2007 12:05pm
This thread is more than a year old LOL
Trade what you see, not what you think.
  • #5
  • Jul 24, 2007 12:13pm Jul 24, 2007 12:13pm
Quoting karmostaji
This thread is more than a year old LOL
So it is!!

  • #6
  • Last Post: Jul 24, 2007 12:21pm Jul 24, 2007 12:21pm
Quoting karmostaji
This thread is more than a year old LOL
Yes, LOL, isn't that something! I read the first post and thunk on it a little, then saw the date and cracked up.

I was going to post, "at this point, my plan is to go long on pullbacks until the trend change is well confirmed".

I guess I would have been right! Maybe I'm right now, too.
0 traders viewing now