EURUSD | Page 1846 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD, GBP/USD, USD/CHF

Similar Threads

MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

Re: EurUsd short term 15 replies

did oanda just drop its spread for eurusd to 1 pip? 11 replies

EA for multiple lot limit order for EURUSD 0 replies

NFP nice bump up on EURUSD 2 replies

Attachments: EURUSD
Exit Attachments

EURUSD

  • #36,901
  • Oct 5, 2008 2:23am Oct 5, 2008 2:23am
Quoting GubyIQ
can you please post a link referring to the treasury selling its euro reserves ?
Official source
http://www.treas.gov/press/internati...-position.html

Unofficial chart
http://www.nowandfutures.com/images/esf_euro_yen.png
  • #36,902
  • Edited 5:14am Oct 5, 2008 4:58am | Edited 5:14am
Quoting mikkom
LAST month?

http://www.nowandfutures.com/images/esf_euro_yen.png

Coordinated intervention anyone? I haven't checked other central banks numbers but there are reports that the dollar rescue was coordinated between all the big central banks, even reuters reported this.

http://www.iht.com/articles/reuters/...ION-NIKKEI.php

"analysts" claim there was no intervention but strangely the numbers of their reserves tell total opposite.

For more links about this, try http://www.google.com/search?num=100...on&btnG=Search
Quoting mikkom
Official source
http://www.treas.gov/press/internati...-position.html

Unofficial chart
http://www.nowandfutures.com/images/esf_euro_yen.png
According to this (official) website they have been selling most of its euro reserves. But what I can count, it is only about 11 billion euro in one month. Can you manipulate markets with 11 billion? Ofcourse we don't know how many other central banks are involved. Guess we have to wait for the European Central bank holdings & reserves report.

Maarten
  • #36,903
  • Oct 5, 2008 5:44am Oct 5, 2008 5:44am
Quoting psiholog
so the week long trend got broken friday during the asian session yet it took over 12 hours for the retest to happen. as i have said before we are in a strong channel with very clear walls now, however knowing this retest occured changes things quite a bit. yes we are in a bear market, yes all the fundamentals point to more dollar strength but then again, fundamentals dont work at the same time with the technicals nowadays. now we know that for the past 3 weeks all news out of the us good or bad made the dollar strong in the expectations of the bailout plan. but the plan has been passed now...in the words of italiansharp "its a whole new ballgame". a general technical rule is when a pattern gets broken one of two things usually happens. one is a reversal, and two is a temporary sideways channel before a new downwards pattern develops. number two is looking very strong right now, but friday showed sentiment was neutral...panicky

conclusion:we are in unknown territory and anything can happen. if there is a gap...in my opinion its too risky to play until the new pattern develops. if it opens between the walls of the current channel, buying at the low and selling at the high are the best options if a good stop loss is implemented. staying on the sidelines is the best idea at least for the first few hours when market opens....that should give us enough time to see whats going on and gauge the market sentiment

for those who follow my methods and mentality..hope this helps..

Edit:note the bottom channel line is 1.4745...i selected that because its the lowest point that was retouched twice...that line could very well be at 1.4700...too uncertain right now
When i see at your chart then 1.3675 would be resistance; that if it will be broken then the trend remains bearisch unless the FED cuts the intrest; then it will be another story. Is that correct?

Because there is still bad news and uncertainity here in Europe.

sorry for my english
  • #36,904
  • Oct 5, 2008 5:55am Oct 5, 2008 5:55am
i see a big bullish divergence on eur/usd , daily. it also seems to me that a falling wedge is slowly forming. what do you think of it ?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 70 KB
The worst thing I can be is the same as everybody else. I hate that.
  • #36,905
  • Oct 5, 2008 7:21am Oct 5, 2008 7:21am
Quoting GubyIQ
i see a big bullish divergence on eur/usd , daily. it also seems to me that a falling wedge is slowly forming. what do you think of it ?
Is that a fact?
I think there`ll be a 100++ GAP down when the market open next week
  • #36,906
  • Oct 5, 2008 7:43am Oct 5, 2008 7:43am
This is what I see in EU

http://www.forexfactory.com/showpost...0&postcount=26
  • #36,907
  • Oct 5, 2008 7:59am Oct 5, 2008 7:59am
Quoting mphpopular
This is what I see in EU

http://www.forexfactory.com/showpost...0&postcount=26
Same sentiments. Fundamentally the euro is gonna be shit.

http://www.forexfactory.com/showpost...8&postcount=54
  • #36,908
  • Oct 5, 2008 8:05am Oct 5, 2008 8:05am
This all true if you look at the technicals, they say short, but what if the FED interferes, is that not another story, or will there be no impact.
I would like to know what you think about that.
  • #36,909
  • Oct 5, 2008 9:38am Oct 5, 2008 9:38am
Quoting WedWed
Hi My Friend..
Your analaysis very important form me..its help me too much.


is that No. 1.4745 corect.. or you mean 1.3745 .. becuse i think the botom and lowest point that was retouched twice is 1.3745

am i right or wrong?
yes its 1.3745...thanks for pointing that out..typo
one more time just to be clear.
current strong resistance=1.3882 (previous low a few weeks ago)
current strong support=1.3745..the only point currently tapped twice and fits the definition of a channel
all values that go above or below those numbers could constitute the beggining of a breakout IF there is real volume involved at least on the hourly chart...a break of 1.3700 or 1.3905 acting as even more confirmation

current bias i hold is still bearish and would only sell at the high with tight stop loss just above 1.3906 (the current high for past 2 days)
buying at the bottom i find risky because a breakdown could occur at any time
Different opinions highly valued, ignorant to slander.
  • #36,910
  • Oct 5, 2008 10:29am Oct 5, 2008 10:29am
Quoting psiholog
yes its 1.3745...thanks for pointing that out..typo
one more time just to be clear.
current strong resistance=1.3882 (previous low a few weeks ago)
current strong support=1.3745..the only point currently tapped twice and fits the definition of a channel
all values that go above or below those numbers could constitute the beggining of a breakout IF there is real volume involved at least on the hourly chart...a break of 1.3700 or 1.3905 acting as even more confirmation

current bias i hold is still bearish and would only sell at the high with tight stop loss just above 1.3906 (the current high for past 2 days)
buying at the bottom i find risky because a breakdown could occur at any time
I think 1.3680 strong support "check monthly chart" and If break it then welcome to 1.3550 but i don't think so
  • #36,911
  • Oct 5, 2008 10:47am Oct 5, 2008 10:47am
Quoting gagakrimba
Is that a fact?
I think there`ll be a 100++ GAP down when the market open next week
LOL, new york closing price on friday was at 13774, www.xe.com has weekend price at 13807, not sure how your 100 gap down will pan out.
  • #36,912
  • Oct 5, 2008 10:53am Oct 5, 2008 10:53am
Fundamentels in eur-land are extremly euro bearish, because this
weekend a 49 billion $ bailout plan for Hypo Real Estate has failed.

http://www.bloomberg.com/apps/news?p...rgA&refer=home
  • #36,913
  • Edited 11:16am Oct 5, 2008 10:59am | Edited 11:16am
Quoting nedal26
Fundamentels in eur-land are extremly euro bearish, because this
weekend a 49 billion $ bailout plan for Hypo Real Estate has failed.

http://www.bloomberg.com/apps/news?p...rgA&refer=home
I was just about to post the same thing. If Hypo falls, it's really, really for both the Germany and the whole financial market. In fact I have no idea where this leads us.

Look at this article too. The crisis is spreading to quite unpredictable places.
http://www.boston.com/business/marke...arkets_dry_up/

At the moment I have [fundamentally that is] no idea how to trade EURUSD so I'll keep out and try to find an ETF that I can use to short Iceland - not found any yet (any hints anyone?)

edit: Local news [finland that is] say that Merkell is saying Germany will guarantee all private bank accounts.
  • #36,914
  • Oct 5, 2008 11:01am Oct 5, 2008 11:01am
Quoting egkid
I think 1.3680 strong support "check monthly chart" and If break it then welcome to 1.3550 but i don't think so
Ya, I see it as well. If it does break, then will goes down.
  • #36,915
  • Oct 5, 2008 11:12am Oct 5, 2008 11:12am
Quoting Tulip
LOL, new york closing price on friday was at 13774, www.xe.com has weekend price at 13807, not sure how your 100 gap down will pan out.
True www.money.cnn.com 13807,
The gap Up not down ... .
  • #36,916
  • Oct 5, 2008 11:29am Oct 5, 2008 11:29am
the german press says the goverment is determined not to allow HRE to fail.
they are working hastily to find a solution.
The worst thing I can be is the same as everybody else. I hate that.
  • #36,917
  • Oct 5, 2008 11:30am Oct 5, 2008 11:30am
Does anyone look at the "open positions summary" and "open orders summary" from oanda, because if i understand i see more long positions then short?

Anyone familiar with this?
  • #36,918
  • Oct 5, 2008 11:35am Oct 5, 2008 11:35am
Quoting seejou
Does anyone look at the "open positions summary" and "open orders summary" from oanda, because if i understand i see more long positions then short?

Anyone familiar with this?
Well those are probably stops so what it tells is that Oanda has more people short than long at the moment.
  • #36,919
  • Oct 5, 2008 11:37am Oct 5, 2008 11:37am
Quoting mikkom
Well those are probably stops so what it tells is that Oanda has more people short than long at the moment.
Thanks for your interpretation

i still have a lot to learn
  • #36,920
  • Oct 5, 2008 11:53am Oct 5, 2008 11:53am
if wee look candle with murrey math indicator, Eu possible to up, because in line 1/8 now.

Attached Image (click to enlarge)
Click to Enlarge Name: adas.JPG Size: 167 KB
603 traders viewing now