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  • #15,341
  • Jul 19, 2008 10:59pm Jul 19, 2008 10:59pm
Quoting atif
See the chart. RSI and MACD both pointing towards down signal.
20SMA at 1.5800 level if it breaks then down move will be confirmed.
Daily showing range bound since it fell from 1.60.

Fundamental Issues:
Oil and Gold is coming down and if it continues next week then dollar will move from it's oversold position.
Euro economy is not strong enough to deal with strong euro.
If Oil comes down then the inflation will come down and no more rate hike for Euro. Maket realized that world can't except oil at 145 a barrel. That was the top and now it's time to move downward. Speculator's are not betting to move it higher anymore. Now, they will short to make profit from down move.
That's all my opinion. You guys can input yours.
Good point.
  • #15,342
  • Jul 19, 2008 11:47pm Jul 19, 2008 11:47pm
Attached Image (click to enlarge)
Click to Enlarge Name: pinbar.gif Size: 18 KB
It's me...
  • #15,343
  • Jul 20, 2008 6:38am Jul 20, 2008 6:38am
should the case be similar wid Pound as well?
  • #15,344
  • Jul 20, 2008 7:11am Jul 20, 2008 7:11am
the fact that nothing constructive came out of Iran should drive oil back up again, pulling down the USD/Dow/Carry trade.
AIMHO
TRADE FOR SWAP
  • #15,345
  • Jul 20, 2008 7:12am Jul 20, 2008 7:12am
THANKS ALOT ATIF , THANKS FOR EVERY ONE ANSWER MY POST

and i want to tell you something , i opened a demo account , and i learned alot of things , my account was rise about 70% without any lose except this baaaaaaaaaaaaaaad case i told you , i sold e/usd and gbp/usd in a time they was in the wrong way

i saw my account near to close and waited a margin call ( all of that because the streamly high or streamly drop of usd

any way thnx agod because i steill have my account

i want to b your friend and need all of you to b beside me specially (ATIF)



  • #15,346
  • Jul 20, 2008 10:33am Jul 20, 2008 10:33am
Quoting alishaikhji
should the case be similar wid Pound as well?
UK economy heads for ‘horror movie’

BRITAIN is facing an “economic horror movie” because of a “toxic mixture” of a moribund credit market and volatile oil prices, according to a leading forecasting group. More: http://business.timesonline.co.uk/to...cle4363962.ece
{Promotion Removed}
  • #15,347
  • Jul 20, 2008 2:33pm Jul 20, 2008 2:33pm
Im still bullish for e/u though.

Hope Im right, if not I will bail out below 1.5740

Good luck everyone!
  • #15,348
  • Jul 20, 2008 2:47pm Jul 20, 2008 2:47pm
Quoting uncleforex
Im still bullish for e/u though.

Hope Im right, if not I will bail out below 1.5740

Good luck everyone!
It bounced from the UTL of the 4hr/dayly channel and now price is looking for a touch of the LTL. Its trapped in narrow ~40pip range and slowly mooving towards the LTL. Also a perfect falling wedge on 4hr chart. Still a little cheaper and I will buy alot of this discount
  • #15,349
  • Jul 20, 2008 3:30pm Jul 20, 2008 3:30pm
Simple chart with S&R levels. And notice the perfect falling wedge formation we are inside right now. Price mooving slowly to the accending channels LTL, where i have confluence with the support @ red dotted line of the narrow 4hr range. Retraced 50% right now. Im waiting patiently to initiate a buy at the LTL.
Attached Image (click to enlarge)
Click to Enlarge Name: euro_h1_fallingwedge.gif Size: 27 KB
  • #15,350
  • Jul 20, 2008 4:24pm Jul 20, 2008 4:24pm
Posting 1hr chart. Notice the beauty inside...
Attached Image (click to enlarge)
Click to Enlarge Name: euro_1hr_fallingwedge.gif Size: 25 KB
  • #15,351
  • Jul 20, 2008 5:31pm Jul 20, 2008 5:31pm
We're going up for sure..
  • #15,352
  • Jul 20, 2008 5:40pm Jul 20, 2008 5:40pm
Quoting FxApasionado
We're going up for sure..

sure we are going up from back
  • #15,353
  • Jul 20, 2008 5:42pm Jul 20, 2008 5:42pm
Quoting FxApasionado
We're going up for sure..
Not yet. Price still havent touched the LTL of the 4hr accending channel. When it does I expect a nice bounce up, that will break the falling wedge and then we go deep north
  • #15,354
  • Jul 20, 2008 6:58pm Jul 20, 2008 6:58pm
Quoting belekas
Not yet. Price still havent touched the LTL of the 4hr accending channel. When it does I expect a nice bounce up, that will break the falling wedge and then we go deep north
Do you usually buy/sell right at TD breaks or at the TD retests,,,??
  • #15,355
  • Jul 20, 2008 7:09pm Jul 20, 2008 7:09pm
Ill be there at 1.6 again selling you all the euros you want
  • #15,356
  • Jul 20, 2008 7:20pm Jul 20, 2008 7:20pm
Price will breakout early this week - up or down? We are in an uptrend, so it's obvious which option is more likely to happen. Or perhaps we will breakout one way and then bounce off a support/resistance and skyrocket in the other direction. Doubt price will range as much this week.

I'm patiently waiting at 1.5930 to enter long.
  • #15,357
  • Jul 20, 2008 8:10pm Jul 20, 2008 8:10pm
Moving up nicely
  • #15,358
  • Jul 20, 2008 8:12pm Jul 20, 2008 8:12pm
how high will she go!!!!!
  • #15,359
  • Jul 20, 2008 8:15pm Jul 20, 2008 8:15pm
a lot higher I hope
99% of Traders fail, so don't follow the herd
  • #15,360
  • Jul 20, 2008 8:37pm Jul 20, 2008 8:37pm
Quoting uncleforex
Moving up nicely
don't hope that it will go up nicely more!
No important euro or US news today, so the price will be going down and up a bit
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