DislikedWhy do you say so? It's been since London open, and is almost at day high. Wouid be interested in seeing your analysis.Ignored
thanks
- #16,543
- Jul 29, 2008 2:44am Jul 29, 2008 2:44am
- Joined Sep 2006 | Status: Trader | 2,272 Posts
still long kiwi & fiber...just holding and acumulating the interests,......
its just money
- #16,545
- Jul 29, 2008 3:09am Jul 29, 2008 3:09am
Morning....good to see some people start to look at a more overall picture...Sure you are all familiar with the DJI....but how many look at the DAX?
Lets put it this way...DAX is the European equivalent of the DJI
If you wonder why EUR has not broken the 1.575 upwards...have a look at the DAX...sure you've noted reluctance for longs to go above 1.575..
Its nearing its lowest again since 2006...which was reached also the 16th of July this year...at that point the EUR just dropped from 1.6 towards 1.58....It wasn't till the DAX recovered before EUR reached 1.591
The DAX reflects Europe's economy..its showing strong signs of weakness..more important..its lagging behind the USA as I posted a while ago, when traders here wondered..why doesn't the EUR break 1.58 again...Europe still has to face what the USA is trying to climb out of..
My forecast today:
Bearish with possible spikes above 1.575 based upon German Data and USD consumer confidence, tomorrow is a much more important day with Unemployment & Crude Oil inventories.
Rangebound today Imo 1.576 - 1.573 unless we see major changes in market sentiment for DAX (Europe) and DJI (USA), read if DAX recovers a possible (small) break towards 1.58, if DJI recovers and Oil falls lower a possible (larger) break below 1.573
As always....Just my 2 cents..
Lets put it this way...DAX is the European equivalent of the DJI
If you wonder why EUR has not broken the 1.575 upwards...have a look at the DAX...sure you've noted reluctance for longs to go above 1.575..
Its nearing its lowest again since 2006...which was reached also the 16th of July this year...at that point the EUR just dropped from 1.6 towards 1.58....It wasn't till the DAX recovered before EUR reached 1.591
The DAX reflects Europe's economy..its showing strong signs of weakness..more important..its lagging behind the USA as I posted a while ago, when traders here wondered..why doesn't the EUR break 1.58 again...Europe still has to face what the USA is trying to climb out of..
My forecast today:
Bearish with possible spikes above 1.575 based upon German Data and USD consumer confidence, tomorrow is a much more important day with Unemployment & Crude Oil inventories.
Rangebound today Imo 1.576 - 1.573 unless we see major changes in market sentiment for DAX (Europe) and DJI (USA), read if DAX recovers a possible (small) break towards 1.58, if DJI recovers and Oil falls lower a possible (larger) break below 1.573
As always....Just my 2 cents..
- #16,547
- Jul 29, 2008 3:14am Jul 29, 2008 3:14am
- | Joined Feb 2008 | Status: Live long and have fun :) | 1,386 Posts
WYSIWYG - What you see is what you get
On the path to Enrichment.
- #16,548
- Jul 29, 2008 3:17am Jul 29, 2008 3:17am
- Joined May 2008 | Status: I Loose, I Win, I Conquer | 1,834 Posts
Morning....good to see some people start to look at a more overall picture...Sure you are all familiar with the DJI....but how many look at the DAX?
Lets put it this way...DAX is the European equivalent of the DJI
If you wonder why EUR has not broken the 1.575 upwards...have a look at the DAX...sure you've noted reluctance for longs to go above 1.575..
Its nearing its lowest again since 2006...which was reached also the 16th of July this year...at that point the EUR just dropped from 1.6 towards 1.58....It wasn't till the DAX recovered before EUR reached 1.591
The DAX reflects Europe's economy..its showing strong signs of weakness..more important..its lagging behind the USA as I posted a while ago, when traders here wondered..why doesn't the EUR break 1.58 again...Europe still has to face what the USA is trying to climb out of..
My forecast today:
Bearish with possible spikes above 1.575 based upon German Data and USD consumer confidence, tomorrow is a much more important day with Unemployment & Crude Oil inventories.
Rangebound today Imo 1.576 - 1.573 unless we see major changes in market sentiment for DAX (Europe) and DJI (USA), read if DAX recovers a possible (small) break towards 1.58, if DJI recovers and Oil falls lower a possible (larger) break below 1.573
As always....Just my 2 cents..
Fools Rushing 
- #16,549
- Jul 29, 2008 3:27am Jul 29, 2008 3:27am
- Joined May 2008 | Status: I Loose, I Win, I Conquer | 1,834 Posts
Fellow traders -- just imagine how strong is 1.5750 level which is conjunction of two fibs.
just an imagination
peace..
just an imagination
peace..
Fools Rushing
- #16,550
- Jul 29, 2008 3:43am Jul 29, 2008 3:43am
Morning....good to see some people start to look at a more overall picture...Sure you are all familiar with the DJI....but how many look at the DAX?
Lets put it this way...DAX is the European equivalent of the DJI
If you wonder why EUR has not broken the 1.575 upwards...have a look at the DAX...sure you've noted reluctance for longs to go above 1.575..
Its nearing its lowest again since 2006...which was reached also the 16th of July this year...at that point the EUR just dropped from 1.6 towards 1.58....It wasn't till the DAX recovered before EUR reached 1.591
The DAX reflects Europe's economy..its showing strong signs of weakness..more important..its lagging behind the USA as I posted a while ago, when traders here wondered..why doesn't the EUR break 1.58 again...Europe still has to face what the USA is trying to climb out of..
My forecast today:
Bearish with possible spikes above 1.575 based upon German Data and USD consumer confidence, tomorrow is a much more important day with Unemployment & Crude Oil inventories.
Rangebound today Imo 1.576 - 1.573 unless we see major changes in market sentiment for DAX (Europe) and DJI (USA), read if DAX recovers a possible (small) break towards 1.58, if DJI recovers and Oil falls lower a possible (larger) break below 1.573
As always....Just my 2 cents..
German BDB Banking Association cuts 2009 GDP outlook to 1.0%-1.5% from 1.8%
- #16,552
- Jul 29, 2008 4:00am Jul 29, 2008 4:00am
- | Joined Feb 2008 | Status: Live long and have fun :) | 1,386 Posts
Why 58 ? 5761 or 5771 is anough.. if it crosses those it'll keep going up. But for the moment... anyone still wants to shout "long" ?
On the path to Enrichment.
- #16,553
- Jul 29, 2008 4:03am Jul 29, 2008 4:03am
- Joined Apr 2008 | Status: Trader | 7,674 Posts
Why 58 ? 5761 or 5771 is anough.. if it crosses those it'll keep going up. But for the moment... anyone still wants to shout "long" ?
Why 58 ? 5761 or 5771 is anough.. if it crosses those it'll keep going up. But for the moment... anyone still wants to shout "long" ?
- #16,556
- Jul 29, 2008 4:14am Jul 29, 2008 4:14am
- | Joined Feb 2008 | Status: Live long and have fun :) | 1,386 Posts
Well good luck with that.. Darn Oanda works like sh*t today...
Darn Oanda works like sh*t today...
On the path to Enrichment.
- #16,560
- Jul 29, 2008 4:22am Jul 29, 2008 4:22am
- Joined Apr 2008 | Status: Trader | 7,674 Posts
Price isn't getting any cheaper, if it continues up. I feel better that many are on long team.
Maybe breakout soon to next resistance
Maybe breakout soon to next resistance