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  • #158,941
  • Nov 4, 2009 2:23pm Nov 4, 2009 2:23pm
Quoting Atlast
Well, that was something to watch.
THE FOMC has given us licence to buy everything in sight against the US dollar. After this move settles down, I am long till 1.5200.

Am seeing 1.6283 be4 another serious scare like the one we just saw last week ... LOL

1.52 is just a one day or two , down days .. not much happening there ...
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #158,942
  • Nov 4, 2009 2:23pm Nov 4, 2009 2:23pm
Quoting No Stress
RSI indicates Overbought situation.
And Divergence on RSI and MACD.
No Signal, No Trade. No fundamenals, No headache.
  • #158,943
  • Nov 4, 2009 2:24pm Nov 4, 2009 2:24pm
If there is no intervention and fed is last of major central banks to raise rates, EURUSD will be at 1.80 oil at 130 or more at least.

These clowns do not understand they are destroying their currency. US should be one of first to raise rates due to everything being priced in dollars. I suppose Obama will not win next election he will borrow over 5 trillion dollars in his first term, he is destroying Americans. He should have let people collapse.

I hate saying this as I love America.G Bush was at least prepared to let banks fail if not for election this crisis would be over and there would be much less debt in the system.
  • #158,944
  • Nov 4, 2009 2:28pm Nov 4, 2009 2:28pm
Quoting Chicky
It happens most of the time, but not always. This whole month was bad for me because of this. Market never took a reasonably deep breath after last month's NFP. It went from 1.4500 to 1.5000 like a sprinter, never bothered to re-test 1.4500.
i didnt get trend broken on my figuring..
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those who can, do. those who cant, talk about those who can
  • #158,945
  • Nov 4, 2009 2:28pm Nov 4, 2009 2:28pm
Quoting tomekkepa
You are 100% right with predictions and headlines.
I was asking, because eur/usd is veeeery high now and was wondering how far can it go. In my opinion current level is overpriced, I don't know how come is so high.
Waiting for other opinions. What do you thing what will be max price?
There are times in nice healthy trends it can stay over bought or over sold for a long time accroding to indicators like RSI and Stochastics, and I think that is one reason I do not use them but they work great for some trading systems for sure.
  • #158,946
  • Nov 4, 2009 2:28pm Nov 4, 2009 2:28pm
Quoting ABoulfoul
even if there was a bullish move, it would be temporary. there's clearly a big downwards trend from the daily chart. i would regard anything bullish as the market taking a breather.

Where on earth is this daily bear? All I see is a clear road to the moon!

Fiber Daily:
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All I see is a break-out!
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #158,947
  • Nov 4, 2009 2:29pm Nov 4, 2009 2:29pm
Quoting lloydblankfe
If there is no intervention and fed is last of major central banks to raise rates, EURUSD will be at 1.80 oil at 130 or more at least.

These clowns do not understand they are destroying their currency. US should be one of first to raise rates due to everything being priced in dollars. I suppose Obama will not win next election he will borrow over 5 trillion dollars in his first term, he is destroying Americans. He should have let people collapse.

I hate saying this as I love America.G Bush was at least prepared to let banks fail if not for...
Agreed 100%
Don't be a hero. Don't have an ego. Always question yourself
  • #158,948
  • Nov 4, 2009 2:30pm Nov 4, 2009 2:30pm
Quoting USD-Bear
Agreed 100%
Really??? Surely you're being sarcastic?
  • #158,949
  • Nov 4, 2009 2:30pm Nov 4, 2009 2:30pm
Quoting No Stress
And Divergence on RSI and MACD.
target 1.486
  • #158,950
  • Nov 4, 2009 2:31pm Nov 4, 2009 2:31pm
Quoting lloydblankfe
These clowns do not understand they are destroying their currency. US should be one of first to raise rates due to everything being priced in dollars.
Oh these clowns do understand very, very well. US debts are mostly hold by foreigners (in difference to debts in Europe which are mainly hold by Europeans), so foreign debts are foreign problems. The US can weaken its currency like they want - they can only win! That's the nice thing for the US.

Devaluation => Pay back of debts become cheaper and exports become better.
  • #158,951
  • Nov 4, 2009 2:32pm Nov 4, 2009 2:32pm
Quoting USD-Bear
Agreed 100%
I think I have made my opinion very clear.

Euro VERSION 2.0 BY END OF 2011
"Timing Is Everything. Really I Swear It Is"
  • #158,952
  • Nov 4, 2009 2:33pm Nov 4, 2009 2:33pm
Quoting gatorinla
i didnt get trend broken on my figuring..
Even reading your own charts is a problem mate ...

Look: The 5th red line is equilibrium ... consider how the sell-off bounced along it on the down-side. A break of this line (to the upside) should make you consider otherwise, that the trend is flipping to the upside ...
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #158,953
  • Nov 4, 2009 2:33pm Nov 4, 2009 2:33pm
Quoting Xaron
Oh these clowns do understand very, very well. US debts are mostly hold by foreigners (in difference to debts in Europe which are mainly hold by Europeans), so foreign debts are foreign problems. The US can weaken its currency like they want - they can only win! That's the nice thing for the US.

Devaluation => Pay back of debts become cheaper and exports become better.
Agree, but they will still find a way to screw it up. lol
  • #158,954
  • Nov 4, 2009 2:33pm Nov 4, 2009 2:33pm
Quoting Popee83
Am seeing 1.6283 be4 another serious scare like the one we just saw last week ... LOL

1.52 is just a one day or two , down days .. not much happening there ...
One thing is for sure, there will be lots of swings up and down. I will be playing both sides as usual. Incidentally, daily pitchfork does show an intermediate ML resistance at 1.4885, which has been exceeded, though not yet closed above in daily chart. If that resiatnce holds and the maret closes below 1.4885, the daily chart says 1.4650 is the retrace point, but with the FOMC giving the currency speculators to sell the dollar I don't see that could happen unles there's some big news tomorrow.
I ask myself, why would the FOMC give such a statement as exceedingly low rates for a long time to come, which is contrary to the previous FED statement. Logic dictates that they know the numbers tomorrow will bring the market in check, that's my guess. Otherwise, Eurozone will have to intervene.
  • #158,955
  • Nov 4, 2009 2:34pm Nov 4, 2009 2:34pm
Quoting Masmp_FX
When where the daily bars bearish?

besides you have today a daily bar that at the moment has 200 pips range up.
i don't look at individual candles; i'm more of a macro guy. each to their own . here's my chart:
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  • #158,956
  • Nov 4, 2009 2:35pm Nov 4, 2009 2:35pm
Quoting ABoulfoul
i don't look at individual candles; i'm more of a macro guy. each to their own . here's my chart:

EDIT: wrong chart
you might have missed the right pair? :-)
  • #158,957
  • Nov 4, 2009 2:36pm Nov 4, 2009 2:36pm
Quoting Martingale
you might have missed the right pair? :-)
ok.. :-)
  • #158,958
  • Nov 4, 2009 2:36pm Nov 4, 2009 2:36pm
Quoting Martingale
you might have missed the right pair? :-)
haha check the edit.
  • #158,959
  • Nov 4, 2009 2:36pm Nov 4, 2009 2:36pm
Quoting Xaron
Oh these clowns do understand very, very well. US debts are mostly hold by foreigners (in difference to debts in Europe which are mainly hold by Europeans), so foreign debts are foreign problems. The US can weaken its currency like they want - they can only win! That's the nice thing for the US.

Devaluation => Pay back of debts become cheaper and exports become better.
Agreed 100%. As part of the global re-balancing, surplus countries have to spend more and deficit countries (UK and the US) need to save more. Thus, exchange rate adjustments are part of the solution and not the problem - unless, of course, there is a flight from a certain currency, in which case market interest rates would soar and significant inflation imported.

For the record, in relation to the original post, George W Bush was president when the backstop guarantee was provided for all of the large US banks of systemic importance. He was also the guy that was in charge as record levels of household debt accumulated and oversaw a budget surplus turning to a deficit during his tenure.
  • #158,960
  • Nov 4, 2009 2:37pm Nov 4, 2009 2:37pm
time for a short yet ? ... it seems very overbought now !!!
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