EURUSD

The key is the pivot 1.45 ,right?

(Based on interim calculations prior to Wellington Interbank Open Rates)


EUR-USD Analysis - Monday 11 January 2010

0.0175 Écart

1.4657 1.4519
1.4548 1.4456
1.4438 1.4389
1.4482 1.4359 UPSIDE

1.4373 1.4351 PIVOTAL ZONE

1.4307 1.4342 DNSIDE
1.4263 1.4312
1.4198 1.4246
1.4132 1.4183



Entry-point Key-point
1.4373 > 1.4483



Elliott : irregular flat correction up 1.4517 or elongated correction up 1.4560



EUR-USD Scenario - Monday 11 January 2010

1.4427* Market should be subject to more sell off towards 1.4330 - 1.4307 or 1.4246 - 1.4198. Corrective upward swings should face resistance around 1.4482 - 1.4519 or 1.4548 area. A clear break of above 1.4548 is a bullish signal ...



Warning: -0-

Warning: Engulfing pattern

Warning: Low Zone




### Rollover-close (Last Day)


1.4483 Key-point
1.4373 Entry-point
1.4264 Elliott; Key-point
1.4427 Last (Spot)
1.4560 Elliott; Projection
1.4439 Trendline-point 1
1.4431 Trendline-point 2




Okey-dokey - guys I just take a rest now - see you later ! ! !


Setup is valid for 24 hours (intraday traders calculation)


Enjoy !

1.44---> 1.4598------>1.4480------->1.50

Try small lots.

ps. it is only eur/usd that remains stuck now

Yes.

I posted Jan 7th as a big buy for this pair and special opportunity in a very fast time frame. That was 1.43 area.
Now 1.45.
Time to get a little defensive and scale TPs.

no... I don't use pivot

be carefull longs it could be the end target is there for shorts to take it down

divergence MFI(10) on H4.

good call

yes - I know - you will have a look in your beloved cup of coffee at first or ask your barkeeper Alfredo ...


and so-called central pivot is at around 1.4370 - as you all might have seen - any way - good luck guys ! see you morrow morning...

BEIJING, Jan 10 (Reuters) - Growth in China's exports and
imports last month blew past expectations, providing fresh
evidence of the vigour of the economy and strengthening the case
for Beijing to let the yuan start climbing again.
Exports leapt 17.7 percent from a year earlier, dwarfing the
4.0 percent rise forecast by economists and breaking a 13-month
streak of year-on-year declines; imports surged 55.9 percent,
much more than the 31.0 percent increase markets had expected.
"The strong acceleration in imports may heighten the chances
of overheating and put more pressure for the government to
tighten policy," said Wang Hu, an economist at Guotai Junan
Securities in Beijing.
Based on the trade data, he estimated industrial output in
December grew by more than 25 percent from a year earlier and
that GDP growth in the fourth quarter exceeded 11 percent.
Despite the leap in exports, the even bigger jump in imports
meant China's trade surplus slipped to $18.4 billion in December
from $19.1 billion in November and $39.0 billion in December
2008. Economists had expected it to tick up to $19.6 billion.
China was not the only Asian exporter to enjoy a dazzling
December. South Korea and Taiwan reported export growth of 46.9
percent and 33.7 percent, respectively.
But China is far bigger, overtaking Germany as the world's
biggest exporter of goods in 2009. Its booming investment and
consumption are helping to rebalance the world economy even
though Beijing has refused to let the yuan rise against the
dollar since the global financial crisis began in mid-2008, said
Rob Subbaraman, chief Asia economist at Nomura in Hong Kong.
Its imports of crude oil also hit a monthly record, while
iron ore shipments were the second highest ever and copper
imports beat expectations. [ID:nTOE60900Q]
Booming Chinese demand will be a boon for commodity exporters
like Australia, said Liu Nenghua, an economist with Bank of
Communications in Shanghai.
"It shows that China will continue to play an important role
in driving world economic growth," he said.
YUAN PRESSURE
Liu said policy would not change in response to one month's
figures, but the strong data would further reassure Chinese
officials that global demand was not as weak as they had feared.
"The government needs some time to see what happens. The
really critical period is the first quarter of 2010: if the
situation continues to be rosy, then the government may have to
change a slew of policies, including its exchange rate policy,"
he said.
China flagged the possibility of tighter policy settings last
week when the central bank nudged up a key money market rate for
the first time since August. And on Sunday the cabinet voiced
fresh concern over the bubbly property market and vowed not to
let speculative inflows heat it up. [ID:nTOE60900H]
Other economists agreed that the yuan could start
to rise around the end of March if exports remain strong.
But any appreciation would be moderate, in the order of 3
percent for the
whole year, as China strove to protect export jobs, said Lin Songli at Guosen
Securities in Beijing.
"China is in need of exports to create jobs and to promote economic growth,
there's no doubt about that," Lin said.
Brian Jackson, an economist with Royal Bank of Canada, said strong exports
would increase pressure on Beijing to allow some appreciation, "while also
making it easier to justify such a move to domestic audiences", he said in a
note to clients.

if above is remotely true.. hard times ahead for ez.. s. korea has taken car market share from ez and japan. for long term trades. if not bubble pops.. both not good for ez or japan..
s korea is buying usd again today.. more then likely the other exporting emerging markets r 2 ..

who knows where this go, but I would LIKE it to go fill my buy order at 1.43

why not short it now?

Quick question...

What is an "ass chart"??

Thank you,

Donnie

I ask always my barkeeper ... this is my strategy ... . which is yours .. black magic ??

cause i already in trade. short- aud/usd

Oh, you mean an ass pie chart?

Here you go:

http://bitsandpieces.us/wp-content/u...20of-20ass.gif

http://www.forexfactory.com/showpost...stcount=178093

omg lol. this is funny