USD Strengthening coming to an end??? | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Dollar strengthening - except against Chinese yuan 4 replies

EUR/USD flagging south this coming week 48 replies

Anybody know why USD is strengthening? 37 replies

Why is Yen strengthening so fast? 17 replies

USD risks for the coming week. 11 replies

Attachments: USD Strengthening coming to an end???
Exit Attachments

USD Strengthening coming to an end???

  • #21
  • Aug 7, 2008 6:24am Aug 7, 2008 6:24am
Quoting sonicdeejay
I think USD is directly corelated with OIL...

As Oil drops, the money from it flow into USD...and no doubt that we are seeing some crack in USD BULL rally as well..




sonic
I agree except it is the other way around.

As the US$ rises, money leaves oil.
  • #22
  • Aug 7, 2008 12:21pm Aug 7, 2008 12:21pm
The RSI , the relative strength index for EURUSD is extremely oversold @ 24 (normal range 35 to 70), which occurred only 4 times last 12 months. We can expect heavy short squeeze/rally in EURUSD before the weekend. EURUSD has massive support just above 1.5315-30, which we expect to hold and trade towards 1.5410.
Twitter: Forexlivetrade - Buy: AFFI.CPH ISIN: DK0015966592 - target 12 DKK
  • #23
  • Aug 7, 2008 3:06pm Aug 7, 2008 3:06pm
Bull run? what bull run?
Take a report.
  • #24
  • Aug 7, 2008 3:17pm Aug 7, 2008 3:17pm
Quoting auslanco
USD Bull Run is due for a major correction. Any Comments??
Exactly the same that I am seeing on my charts, but with MACD confirmation on the daily chart.
  • #25
  • Aug 7, 2008 4:05pm Aug 7, 2008 4:05pm
Trend is still the trend. It might end, but until it does... why argue with it? It's kind of funny how strong the "call of the counter-trend" is here.

I'll vote for... extension of dollar strength, followed by a minor correction, followed by a major bull run in the dollar for the next year or 2.
  • #26
  • Aug 7, 2008 4:11pm Aug 7, 2008 4:11pm
Quoting auslanco
USD Bull Run is due for a major correction. Any Comments??
Imho, I see a correction of the current $ strength starting possibly the end of August or the beginning of September.
Humble Lifetime Member
  • #27
  • Aug 7, 2008 4:17pm Aug 7, 2008 4:17pm
Quoting Trader KGB
Major trendlines were broken on the DXY, EUR/USD, oil, aussie, kiwi, etc; 7-month resistance on USD/JPY shattered today (and USD/CAD yesterday). The Fed also came out and essentially stated that all potential '08 rate hikes are now off the table, yet the dollar still rallied exceptionally. What does all this tell you?

That this US Dollar bull has loooong legs. Legs that will carry it forward for several more months, before the huge bear comes back
  • #28
  • Aug 7, 2008 4:20pm Aug 7, 2008 4:20pm
Quoting auslanco
USD Bull Run is due for a major correction. Any Comments??
simple answer:

no.

USD strength has just begun. Arguments:

2 charts and candlestick point of view:

First chart USD Index weekly. We see at the bottom of a trend 3 bullish candles, so called "Three white soldiers". Explanation:

http://www.candlesticker.com/Cs63.asp

Second chart eur/usd monthly:

Julys candle is a (not perfect) pin(occhio) bar.

Dailys might be oversold/overbought, longterm trend (a few weeks),
is USD bullish.

IMHO.

Happy trading

PS: Nice to see you back
Attached Image(s) (click to enlarge)
Click to Enlarge Name: weekly.jpg Size: 39 KB
Click to Enlarge Name: eu_monthly.gif Size: 12 KB
  • #29
  • Aug 7, 2008 7:25pm Aug 7, 2008 7:25pm
Looks like we're below support on the EU, after pullback, I'm placing a short order a few pips below new support, if it breaks it then we will have a continuation of a bull trend for the USD
It's NOT GAMBLING when the odds are in your favor
  • #30
  • Aug 7, 2008 8:28pm Aug 7, 2008 8:28pm
Index had approached the 200EMA. I'm expecting a correction starting from next week on USD Pairs.
Attached Image (click to enlarge)
Click to Enlarge Name: hy.jpg Size: 127 KB
  • #31
  • Aug 8, 2008 5:51pm Aug 8, 2008 5:51pm
Quoting User Name
Looks like we're below support on the EU, after pullback, I'm placing a short order a few pips below new support, if it breaks it then we will have a continuation of a bull trend for the USD
Anybody else go short with me on this play ?
It's NOT GAMBLING when the odds are in your favor
  • #32
  • Aug 8, 2008 6:06pm Aug 8, 2008 6:06pm
Quote
Anybody else go short with me on this play ?

Not directly, I went short back at the top of the channel a few days ago. Gotta say this was some week... wow.
  • #33
  • Aug 15, 2008 5:22pm Aug 15, 2008 5:22pm
Quoting SunTrader
Correction to the correction, maybe. But Bull Run ???
I am maybe having to re-think this becoming possible.
  • #34
  • Aug 15, 2008 6:33pm Aug 15, 2008 6:33pm
Quoting SunTrader
I am maybe having to re-think this becoming possible.
I agree with you.
Humble Lifetime Member
  • #35
  • Aug 15, 2008 6:38pm Aug 15, 2008 6:38pm
I just shorted eur/usd at the lows of the day... come on exhaustion gap


just kidding
Private message me for a link to my order flow website.
  • #36
  • Aug 15, 2008 7:09pm Aug 15, 2008 7:09pm
I guess the next weeks will show us if this downtrend is just temporary!
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 41 KB
  • #37
  • Aug 20, 2008 12:06am Aug 20, 2008 12:06am
This question will stay for time forex will be. And it changes from time to time.

My charts say, we are at a point of change. From candlestick point of view
the daily dollar index shows a doji. This means indicision in the market and needs confirmation.

But the key chart is the daily gold. On this chart we see a (not perfect,but valuable) candlestick pattern "Three inside up", which is a high reliable reversal pattern.

http://www.candlesticker.com/Cs61.asp

Happy trading and green pips for all
Attached Image (click to enlarge)
Click to Enlarge Name: gold.gif Size: 19 KB
Attached Image
  • #38
  • Aug 20, 2008 6:42am Aug 20, 2008 6:42am
Displayed in the first chart is a weekly USD/CHF. What we see is a down-trend originating from November 13th 2005. Fib retracement shows USD/CHF testing 38.2% . We know from the Fibonacci/Elliott Wave books that corrections in strong trends most often stop at 23.6% or 38.2% .
Getting down to the daily, we see the a-b-c correction originating from the 17th of March 2008 testing 100% Fib projection right around current levels.
Furthermore, the hourly chart displays a broadening formation against the 2 above mentioned resistance levels (which coincide). I took the risk of shorting 2 positions and targeting 1.0650 . Keep in mind that I keep a very high risk profile with broadening formations, but I don't advise anyone else to be shorting untill break-out around 1.0900 if that happens.
www.andreitaga.com
http://andreitaga.wordpress.com
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdchfweekly_lesson.gif Size: 16 KB
Click to Enlarge Name: usdchfdaily_lesson.gif Size: 15 KB
Click to Enlarge Name: usdchfhourly_lesson.gif Size: 13 KB
  • #39
  • Aug 21, 2008 6:47pm Aug 21, 2008 6:47pm
US Equities are cheap and I bet people started selling out when some US banks hiccuped again on writedowns and the market got spooked.

I reckon the USD has a lot more strength in it the market is yet to realise. The whole downturn has well and truly been overplayed.

see: http://online.wsj.com/article/SB1219...=2_1577_topbox
  • #40
  • Aug 21, 2008 7:11pm Aug 21, 2008 7:11pm
Looks like we're in the correction right now. Only question is... for how long?
0 traders viewing now