Dislikedcan you please post a link referring to the treasury selling its euro reserves ?Ignored
http://www.treas.gov/press/internati...-position.html
Unofficial chart
http://www.nowandfutures.com/images/esf_euro_yen.png
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did oanda just drop its spread for eurusd to 1 pip? 11 replies
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NFP nice bump up on EURUSD 2 replies
Dislikedcan you please post a link referring to the treasury selling its euro reserves ?Ignored
DislikedLAST 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=SearchIgnored
DislikedOfficial source
http://www.treas.gov/press/internati...-position.html
Unofficial chart
http://www.nowandfutures.com/images/esf_euro_yen.pngIgnored
Dislikedso 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 nowIgnored
Dislikedi 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 ?Ignored
DislikedIgnored
DislikedHi 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?Ignored
Dislikedyes 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 timeIgnored
DislikedIs that a fact?
I think there`ll be a 100++ GAP down when the market open next weekIgnored
DislikedFundamentels 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=homeIgnored
DislikedI think 1.3680 strong support "check monthly chart" and If break it then welcome to 1.3550 but i don't think soIgnored
DislikedLOL, 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.Ignored
DislikedDoes 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?Ignored
DislikedWell those are probably stops so what it tells is that Oanda has more people short than long at the moment.Ignored