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EURUSD

  • #66,541
  • Feb 19, 2009 12:06am Feb 19, 2009 12:06am
i did notice dollar was stronger during clinton years compared to bush's terms.. so i dont know whats gonna happen with obama..
those who can, do. those who cant, talk about those who can
  • #66,542
  • Feb 19, 2009 12:10am Feb 19, 2009 12:10am
Quoting gatorinla
i did notice dollar was stronger during clinton years compared to bush's terms.. so i dont know whats gonna happen with obama..
Keep all the dollar bills you can get your hands on and put them in a vault. They will be worth lots after he's done. Only that it will be worth lots as a novelty item
Not all sins are created equal
  • #66,543
  • Feb 19, 2009 12:15am Feb 19, 2009 12:15am
EUR/USD fell below its consolidation range 1.2558 - 1.2630, but has managed to climb back in the consolidation area again. (see attached chart).

We don't have any major reports till NY session, so I expect a technical market till then. Then we will have (US) PPI, (US) unemployment claims and Philly Fed Mfg index that will move the market.

The DAILY chart is still bearish, but not as bearish as it has been. At this point unless the low of yesterday's range 1.2513 is taken out, I am looking at further consolidation to some reversal in prices.
Attached Image
  • #66,544
  • Feb 19, 2009 12:18am Feb 19, 2009 12:18am
Quoting gatorinla
might be early.. chf still has room to move up.
Swissy has already made some nice twin peaks , I'd be very surprised if it gets back up there. Considering it's dying in the backside already. Possibly down first then another run up to give it a go.

The monthly could however do with a nice big M.
Attached Image
  • #66,545
  • Feb 19, 2009 12:20am Feb 19, 2009 12:20am
Quoting Jay Walker
Keep all the dollar bills you can get your hands on and put them in a vault. They will be worth lots after he's done. Only that it will be worth lots as a novelty item
looking at the past looks like demo are better for dollar index.. dropped almost 60% from time clinton left office till nov. last year. (elections) since election its up about 15%...chart doesnt go back further so i dont know what happend before this..
those who can, do. those who cant, talk about those who can
  • #66,546
  • Feb 19, 2009 12:22am Feb 19, 2009 12:22am
Quoting NuckingFuts
Swissy has already made some nice twin peaks , I'd be very surprised if it gets back up there. Considering it's dying in the backside already. Possibly down first then another run up to give it a go.

The monthly could however do with a nice big M.
yeah its probably to far away but euro may wait for it..
those who can, do. those who cant, talk about those who can
  • #66,547
  • Feb 19, 2009 12:22am Feb 19, 2009 12:22am
Quoting candlesticks
.....
Only thing I do not like about the shampoo formation is that it's a bearish one at the end of a bear run. Much less likely to play out...

Not saying it won't, just has less probability when it's not at the end of a bull run.
  • #66,548
  • Feb 19, 2009 12:23am Feb 19, 2009 12:23am
Quoting gatorinla
yeah its probably to far away but euro may wait for it..
Certainly not out of the question though. Give it another few months.
  • #66,549
  • Feb 19, 2009 12:30am Feb 19, 2009 12:30am
most u.s. pairs showing m or w. double top or bottom under construction possible..but with dollar index it just adds ... even that hs pattern helps...after completion it may head north
those who can, do. those who cant, talk about those who can
  • #66,550
  • Feb 19, 2009 12:35am Feb 19, 2009 12:35am
plus oil should soon bottom out soon.but this is forex anything can happen..and i dont think anyone of us has been here before..that june fall was nice.. just like the spring rise was last year was also nice...maybe another spring rise after the thaw..and it may not be months away.. forex moves in hyperspeed lately..
those who can, do. those who cant, talk about those who can
  • #66,551
  • Feb 19, 2009 12:48am Feb 19, 2009 12:48am
EUR/USD Current Price Action:

I am attaching a current HOULY chart of EUR/USD that clearly shows the price action since the beginning of the week.

We are back in the consolidation area as pointed out in the last posting, but at the same time we are forming a triangular formation.

We have about 1 hour and 20 minutes for LONDON OPEN. This means that we can see the price action to consolidate within the trangle till then and after that it could break the triangle to the up/down side. As more liquidity enters the market.
Attached Image
  • #66,552
  • Feb 19, 2009 12:50am Feb 19, 2009 12:50am
http://www.forexfactory.com/attachme...1&d=1235019109
Is that a doji? Can anyone answer me? EUR 4hr chart looks like a break to the upside. Could it be a head fake?
Forex Price Action Hacked - Price Action Rockstar
  • #66,553
  • Feb 19, 2009 12:53am Feb 19, 2009 12:53am
Quoting david_akc
http://www.forexfactory.com/attachme...1&d=1235019109
Is that a doji? Can anyone answer me? EUR 4hr chart looks like a break to the upside. Could it be a head fake?
Looks more like a spinning top. Same meaning as a doji, indecision.
  • #66,554
  • Feb 19, 2009 12:56am Feb 19, 2009 12:56am
Quoting candlesticks
EUR/USD Current Price Action:

I am attaching a current HOULY chart of EUR/USD that clearly shows the price action since the beginning of the week.

We are back in the consolidation area as pointed out in the last posting, but at the same time we are forming a triangular formation.

We have about 1 hour and 20 minutes for LONDON OPEN. This means that we can see the price action to consolidate within the trangle till then and after that it could break the triangle to the up/down side. As more liquidity enters the market.
Careful with your trend line there (UTL of your triangle), the current up move may not yet be over. It's best to wait until the swing has been established before connecting TL's to it.
  • #66,555
  • Feb 19, 2009 1:01am Feb 19, 2009 1:01am
So far we are in the down trend!!!!
Attached Image (click to enlarge)
Click to Enlarge Name: eur month.gif Size: 17 KB
What goes up must come down.
  • #66,556
  • Feb 19, 2009 1:10am Feb 19, 2009 1:10am
If you see this pic, stating the obvious is a joke.

http://img207.imageshack.us/img207/9879/clappingbp0.gif
Not all sins are created equal
  • #66,557
  • Feb 19, 2009 1:15am Feb 19, 2009 1:15am
Quoting smartlee
So far we are in the down trend!!!!
You've lost me. Why a buy limit if you think we're in a down trend and up will be a joke?

  • #66,558
  • Feb 19, 2009 1:15am Feb 19, 2009 1:15am
Quoting NuckingFuts
You've lost me. Why a buy limit if you think we're in a down trend and up will be a joke?

You should be applauding too
Not all sins are created equal
  • #66,559
  • Feb 19, 2009 1:17am Feb 19, 2009 1:17am
Quoting Jay Walker
You should be applauding too
Oh I am, mine's a one hand clap
  • #66,560
  • Feb 19, 2009 1:19am Feb 19, 2009 1:19am
Quoting NuckingFuts
Oh I am, mine's a one hand clap
ROFL!
Not all sins are created equal
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