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EURUSD

  • #261,461
  • Jun 22, 2010 2:41am Jun 22, 2010 2:41am
Quoting PriceVolume
Ditto. Nice little bear continuation wedge forming on the 5M thus far.....
Burn's turn.
  • #261,462
  • Jun 22, 2010 2:43am Jun 22, 2010 2:43am
Hahahahaha

I decided to check the usd vs Mexican currency out of curiosity.

The spread is 155. LOL
Only expectation matters . . .
  • #261,463
  • Jun 22, 2010 2:43am Jun 22, 2010 2:43am
Quoting PriceVolume
Burn's turn.
Mr. Burns.

Inserted Video
Not all sins are created equal
  • #261,464
  • Jun 22, 2010 2:44am Jun 22, 2010 2:44am
Quoting RebelRed
Hahahahaha

I decided to check the usd vs Mexican currency out of curiosity.

The spread is 155. LOL
I see crazy spreads like that and can't get that stupid 3 pips average software out of my head.

There's a way to riches.
Not all sins are created equal
  • #261,465
  • Jun 22, 2010 2:46am Jun 22, 2010 2:46am
Quoting Jay Walker
I see crazy spreads like that and can't get that stupid 3 pips average software out of my head.

There's a way to riches.
Hahaha could you imagine if you woke up and found that the software was jumping in and out of that currency pair.

Probably get a margin call every couple of trades. Hahaha
Only expectation matters . . .
  • #261,466
  • Jun 22, 2010 2:52am Jun 22, 2010 2:52am
Quoting PriceVolume
Burn's turn.
Or not. Called that one too early....not ripe enough yet....
  • #261,467
  • Jun 22, 2010 2:53am Jun 22, 2010 2:53am
Hello Team,

Tuesday, June 22, 2010 10:28:29
(GE) Reportedly German govt officials stating that IMF preparing recommendation for countries to promote balance global gowth; Germany does not need additional stimulus measures
- Both Chancellor Merkel and US Pres Obama agree on exit from stimulus beginning in 2011
- German fiscal policy remains expansive in 2010 and has to be role model and take the Maastricht Stability Pact seriously
- No US pressure against consolidation in Germany
- Risk of global debt crisis very high
- If not budget cuts, then sees debt crisis risk.
- No one in G20 demanding further debt-financed stimulus programs.
- G20 efforts on accounting standards have stalled

Cheers,
Depict history, predict future, and the area in between ...
  • #261,468
  • Jun 22, 2010 2:53am Jun 22, 2010 2:53am
Quoting RebelRed
Hahaha could you imagine if you woke up and found that the software was jumping in and out of that currency pair.

Probably get a margin call every couple of trades. Hahaha
Yeah!

But it's the broker's fault. It's always the broker's fault.
Not all sins are created equal
  • #261,469
  • Jun 22, 2010 2:58am Jun 22, 2010 2:58am
Watching at the chart I see mixed signals. I would say we can touch 2250 and 2230 2day. If we break 2360 we will expose 2465 again
  • #261,470
  • Jun 22, 2010 2:59am Jun 22, 2010 2:59am

We can see from the daily chart that the two week period of strength from the EUR may just be a short term correction in the long term bearish trend for the EUR/USD.

Trend line 1 notes the long term trend line which takes into account all the price action of the EUR/USD’s bearish move since December. Sharper sloping trend lines are drawn below this. Trend lines 2 and 3 show when the bearish trend of the pair accelerated.

The recent upward correction for the EUR/USD shows a breach of trend Line 3, but the appreciation halted at trend line 2, with 2 failed attempts to close above this line. This shows significant selling pressure at this trend line and at the price of 1.2460.

Trend line 2 begins on April 15th. The second point of contact is on May 10th, and the 3rd point of contact is yesterday. The three contact points show the trend line is a significant trend line. Taking a position when the price arrives at a trend line can be a good entry opportunity into a trending market.

Continued selling of the EUR/USD should send the pair to its next support level at 1.2150, with a further target at the swing low of the daily chart at 1.1875.

Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 64 KB
  • #261,471
  • Jun 22, 2010 3:06am Jun 22, 2010 3:06am
is this info correct?

0:00 EUR Current Account
http://cdn.forexfactory.com/images/m...etail_down.gif -5.1B
1.1B 1.5B
  • #261,472
  • Jun 22, 2010 3:07am Jun 22, 2010 3:07am
Quoting forex108

We can see from the daily chart that the two week period of strength from



Don't forget to say thank you to forexyard.com for their analysis
Doing what you like is Freedom. Liking what you do is Happiness.
  • #261,473
  • Jun 22, 2010 3:09am Jun 22, 2010 3:09am
Quoting hyperion1980
is this info correct?

0:00 EUR Current Account
http://cdn.forexfactory.com/images/m...etail_down.gif -5.1B
1.1B 1.5B
German ifo is correct. It beat forecast. Not sure about the CA though. Didn't hear anything on bloomberg.
Only expectation matters . . .
  • #261,474
  • Jun 22, 2010 3:11am Jun 22, 2010 3:11am
http://askafo.com/apic/2262010eu-46dfnh46df45hjdj.PNG


I like too selll him today !~~~!!!!!!!!!!!!!
A little beginner trader since 2006
  • #261,475
  • Jun 22, 2010 3:13am Jun 22, 2010 3:13am
Well buckos the question that you have to ask yourselvs is this: Who wins the most out of the change in the yuan. Step up and place your bets!
Nolite dormiens pungere ursum. -- Latan Proverb.
  • #261,476
  • Jun 22, 2010 3:13am Jun 22, 2010 3:13am
Quoting hyperion1980
is this info correct?

0:00 EUR Current Account
http://cdn.forexfactory.com/images/m...etail_down.gif -5.1B
1.1B 1.5B
I checked ECB site. That number is correct. It shouldn't affect the currency much though.
Only expectation matters . . .
  • #261,477
  • Jun 22, 2010 3:15am Jun 22, 2010 3:15am
Quoting MrWhipple
Well buckos the question that you have to ask yourselvs is this: Who wins the most out of the change in the yuan. Step up and place your bets!
Confucius says "He who changes rules of Yuan stands to benefit most of Yuan".
Not all sins are created equal
  • #261,478
  • Jun 22, 2010 3:17am Jun 22, 2010 3:17am
Quoting Jay Walker
Confucius says "He who changes rules of Yuan stands to benefit most of Yuan".
If the value of the Yuan gains? is there a relation with the eur/usd? and if? why?
  • #261,479
  • Jun 22, 2010 3:18am Jun 22, 2010 3:18am
Quoting Jay Walker
Confucius says "He who changes rules of Yuan stands to benefit most of Yuan".
He also said never trust a communist pretending to be a capitalist.
Only expectation matters . . .
  • #261,480
  • Jun 22, 2010 3:19am Jun 22, 2010 3:19am
Quoting hyperion1980
If the value of the Yuan gains? is there a relation with the eur/usd? and if? why?
It is like I said: Who gains the most (besides obviously China) by a hike in the Yuan?
Nolite dormiens pungere ursum. -- Latan Proverb.
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