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EURUSD

  • #181,101
  • Jan 14, 2010 10:56am Jan 14, 2010 10:56am
Quoting redsheriff
I just came back and saw this fatal confusing discussions about support and resistances there...


Here it is again - from actionforex - I just copied from there (actionforex) the daily row for you...


As the daily numbers are the master-key...


Daily - S3 -> 1.4328 - S2 -> 1.4392 - S1 -> 1.4451 - PIVOT -> 1.4515 <- Pivot - 1.4574 <- R1 - 1.4638 <- R2 - 1.4697 <- R3 -


So as you can see - 1.4451 was the first daily support - nothing more - but not less as well...


And that 1.4470 is not a support - its just a retracement zone......


did i juz confuse myself juz now?

anyway.... yea... daily pivots is the key... i apply those number to the hourly chart...
  • #181,102
  • Jan 14, 2010 10:57am Jan 14, 2010 10:57am
Anybody else think we are reversing and moving up in the next 5 min?
  • #181,103
  • Jan 14, 2010 10:58am Jan 14, 2010 10:58am
Quoting vinesh2
Get ready for a surprise.

becuz of the 1min?
  • #181,104
  • Jan 14, 2010 10:59am Jan 14, 2010 10:59am
Posted nearly 17 hours ago:


EUR-USD Analysis & Setup - Thursday 14 January 2010



0.0123 Écart

1.4697 1.4636
1.4638 1.4591
1.4579 1.4545
1.4574 1.4524 UPSIDE

1.4515 1.4518 PIVOTAL ZONE

1.4451 1.4511 DNSIDE
1.4456 1.4490
1.4392 1.4444
1.4328 1.4399

Entry-point Key-point
1.4519 > 1.4533



Elliott : zigzag correction up 1.4569 or above as an impulse wave up 1.4603



EUR-USD Scenario - Thursday 14 January 2010



1.4510* Market looks more likely that it would rise again towards 1.4545 - 1.4555 at first or even above to 1.4574 - 1.4638 as long as retracement area near 1.4483/ 77 or support at 1.4456/ 51 may hold. After which a corrective downside move is expected then ...



Warning: End of trend / Fin de la tendance


Warning: Engulfing pattern / Ligne d'avalement

Warning: -0-


### Rollover-close (Last Day)


1.4533 Key-point
1.4519 Entry-point
1.4264 Elliott; Key-point
1.4510 Last (Spot)
1.4560 Elliott; Projection
1.4519 Trendline-point 1
1.4521 Trendline-point 2







http://www.actionforex.com/index2.ph...ge=0&Itemid=30


Observation / survey of mentioned levels - you can use this LINK at first:


And here you can see - it is fully in line with the shown resistances 1 - 3 and supports 1 - 3 in my TABLE above...


So we hit 1.4451 - but until now there was no hourly closing below that mentioned level - and it rebounded from there...
  • #181,105
  • Jan 14, 2010 11:09am Jan 14, 2010 11:09am
Quoting tradertom
cheers

..hope 4446 will come soon...
Wrong direction.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #181,106
  • Jan 14, 2010 11:10am Jan 14, 2010 11:10am
Quoting GulfCoastPip
I'm hoping to grab a ticket on the north bound Euro Xpress.
Caught my ride. Heading north. Whew, on this flight there's all the beer you can drink! Might be a rocky ride.
  • #181,107
  • Jan 14, 2010 11:10am Jan 14, 2010 11:10am
Market turn back from Jan 7th High, whish was acting as support on 30TF where as X-- A-B-C pattern complete on 15mTF. As mention earlier in my post.

Buy limit was tiggered........
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  • #181,108
  • Jan 14, 2010 11:11am Jan 14, 2010 11:11am
Moreover - London Trading Floors has been closing its doors now...

Therefore we have a certain crossover phase...

European to NY overlap zone...

And then only those US Banks are with us - and the market rythm changes therefore...

Be aware of that phenomenon...


As London is the most important Forex Global Point (biggest turnover)...
  • #181,109
  • Jan 14, 2010 11:11am Jan 14, 2010 11:11am
nice surprise... ridingz the long till next stop, 1.4515... playing cautious here...
  • #181,110
  • Jan 14, 2010 11:13am Jan 14, 2010 11:13am
Quoting JanPoko
Then don't rely on it. Not today (and tomorrow)
ZigZag? Don't rely on that? Ok, let's check:

It's signals buy 1.4460 now 1.4491.. In real trading I'm not relying on

this, but always taking as a notice, cause in 98% of the cases,

since I have it on my screens for long time, ZigZag is perfect.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #181,111
  • Jan 14, 2010 11:13am Jan 14, 2010 11:13am
U.S. DOLLAR: RETAIL SALES COULD PROVIDE HOPE
After a brief pause, the U.S. dollar continued to weaken and underperformed every major currency except for the Japanese Yen. Despite the lack of economic data and surprises from the Fed’s Beige Book report, the greenback saw quite a bit of action in the first few hours of the U.S. trading session. More specifically, the dollar weakened dramatically against the euro around 6am NY time and then recovered after the stock market opened. This type of price action can be seen in the commodity currencies and only explained by this morning’s correlation between stocks and currencies. Although, U.S. equities eventually went on to hit fresh highs, forcing the dollar to give back some its intraday gains, the magnitude of the recovery in the foreign exchange market paled in comparison.
Comment... $ weak, euro will bull...
  • #181,112
  • Jan 14, 2010 11:14am Jan 14, 2010 11:14am
You saved money on your car insurance?
Quoting vinesh2
Get ready for a surprise.
  • #181,113
  • Jan 14, 2010 11:15am Jan 14, 2010 11:15am
it will go up. news were bad. OS, buyers will enter and sellers exit.
  • #181,114
  • Jan 14, 2010 11:19am Jan 14, 2010 11:19am
WILL GREECE’S PROBLEMS AFFECT THE ECB?
Although the euro ended the day stronger against the U.S. dollar, it gave back a good portion of its earlier gains. The profit taking in long EUR/USD http://www.fx360.com/App_Common/images/chart-icon.gif positions can be can be partially attributed concerns about how Greece’s problems will play into tomorrow’s European Central Bank monetary policy decision. The ECB is not expected to alter interest rates but central bank President Trichet could have some harsh words for Greece. If Trichet even hints that fiscal problems have a role in their decisions on monetary policy, the euro could give up more gains.
What do you think? I believe, frm the news & chart 1h, 4h & daily it strongly go LONG... am i right
  • #181,115
  • Jan 14, 2010 11:23am Jan 14, 2010 11:23am
Back to see charts , the long awaited bull perhaps started & with the modified counts of the top smaller expanded triangle it should go for the new top E .
all my tp worked properly though me to tp2 beforehand for all shorts.

lets see what happen , long taken ( bad entry -closed them with 1-2 pips whatever now ) and will add more above 1.4464 again..
fontu
Attached Images
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #181,116
  • Jan 14, 2010 11:24am Jan 14, 2010 11:24am
good evening all
The best thing that can happen to you is to find out where you're wrong.
  • #181,117
  • Jan 14, 2010 11:24am Jan 14, 2010 11:24am
hmmz... i wonder where is gator...
  • #181,118
  • Jan 14, 2010 11:26am Jan 14, 2010 11:26am
Quoting amy
WILL GREECE’S PROBLEMS AFFECT THE ECB?
Although the euro ended the day stronger against the U.S. dollar, it gave back a good portion of its earlier gains. The profit taking in long EUR/USD http://www.fx360.com/App_Common/images/chart-icon.gif positions can be can be partially attributed concerns about how Greece’s problems will play into tomorrow’s European Central Bank monetary policy decision. The ECB is not expected to alter interest rates but central bank President Trichet could have some harsh words for Greece....

Tomorrow's European Central Bank monetary policy decision... ? ? ?
  • #181,119
  • Jan 14, 2010 11:27am Jan 14, 2010 11:27am
The Dollar is rising further against the Euro. EUR/USD recently fell to 1.4444, reaching a fresh intra-day low. Currently the pair trades at 1.4460/65, 0.35% below today’s opening price. To the upside, resistance could be located at 1.4490 and above at 1.4520. On the downside, the Euro found support so far at 1.4440/50, if it falls below the next one lies at 1.4415/20.

  • #181,120
  • Jan 14, 2010 11:32am Jan 14, 2010 11:32am
Quoting Driver55
good evening all
Good evening Driver , hope you are fine.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
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