EURUSD

Hopefully the min will go down at 2650

In fact i believe and see Lower values, but this trade is just to get the GAP CLOSE (a trade with LOW RISK)

TripeiroFX

Did you sleep? There was no GAP as mentioned before ... market closed at IMM 1.2682 ... market opened at Wellington Interbank Rate 1.2680 ... lowest was 1.2678 and it managed to move up towards 1.2735 in the time between ... we are trading since more than four hours ...

??? no Gaps there ! ... there was none ! ... this whole year 2010 there was only one GAP over week-end in EUR/USD ... and this has been in April ...

So if you could not observe, trade and/or watch that ... that is because you are with an insufficiant Broker that did not give you the chance to benefit from those rates ...

;-)

Along with my prediction of 2730 at 1am look where price would touch that lower trend line from last week. I think a lot of people are expecting a safe short entry at 2730?

Hey do any traders on this thread trade with the bayes' formula or know someone who does, please PM me.

From the chart it appears to be a buy position. I just locked in a position and ready to close at 1.2764.

Happy Trading

northbound break out of last weeks range appears imminent

Weird buying, watching right now....

http://cdn.forexfactory.com/images/attach/pdf.gif

2010-09-13_ASIA DAILY FOREX OUTLOOK - Majors (01h32 CET) 001.pdf (14.2 KB)


ASIA DAILY FOREX OUTLOOK - Majors
13 Sep 2010, 01:32

SINGAPORE (Dow Jones)



EUR/USD - to consolidate with risks skewed higher. Supported by positive risk sentiment. But EUR/USD gains tempered by lingering concern over health of European banking sector, news that Germany's troubled Hypo Real Estate bank will get another EUR40 billion in state guarantees; pressure from more stringent Basel regulations on weaker EU banks to raise capital; "While respected and strong institutions will have little problem raising equity, the smaller and weaker banks may run into problems," says BNP Paribas. EUR/USD daily chart still negative-biased as MACD & stochastics in bearish mode. Resistance at 1.2747 (Friday's high), then at 1.2767 (Thursday's high); breach would expose upside to 1.2876 (Tuesday's high), then 1.2918-1.2923 band (Sept. 6 high-Aug. 18 high), 1.2959 (50% Fibonacci correction of 1.3333-1.2584 Aug. 6-Aug. 24 decline) and psychological 1.3000. Support at 1.2642 (Friday's low, near 100-day moving average); breach would target 1.2623 (Aug. 31 low), then 1.2584 (Aug. 24 low), 1.2520 (July 13 reaction low), 1.2478 (July 6 low) and 1.2432 (61.8% Fibonacci correction of advance from June 7 low of 1.1875 to Aug. 6 high of 1.3333).



USD/JPY - to consolidate with bullish bias. Buoyed by JPY-funded carry trades on solid global risk sentiment. China's Saturday data positive: August industrial output up 13.9% on year, accelerating from July's 13.4%, beating forecasts and reversing year's growth slowdown. Same time, although CPI up 3.5%, data don't look set to spur immediate tightening: PBOC adviser Xia Bin tells Dow Jones China's economic situation doesn't justify sharp policy changes; government should fine-tune macroeconomic policy but "won't and shouldn't" change basic policy direction. Follows modest Wall Street rise Friday with VIX fear gauge down 3.59%. USD/JPY also supported by USD demand for import settlements, higher U.S. Treasury yields. But USD/JPY gains tempered by Japan exporter sales. USD/JPY daily chart positive-biased as MACD & stochastics in bullish mode. Resistance at 84.49 (Sept. 6 high); breach would expose upside to 85.22 (Sept. 3 high), then 85.92 (Aug. 30 high), 86.14 (55-day moving average) and 86.39 (Aug. 13 high). Support at 83.72 (Friday's low), then at 83.47 (Thursday's low) and 83.34 (Wednesday's 15-year low); breach would expose downside to psychological round-numbered levels from 83.00 down to 80.00, then 79.70 (around record low set April 19, 1995).



GBP/USD - to consolidate. Supported by positive risk sentiment, but gains tempered by lingering concerns over negative impact of fiscal tightening on UK growth. Data focus: 0830 GMT UK July CML regulated mortgage survey. GBP/USD daily chart negative-biased as MACD & stochastics in bearish mode; 5-day moving average below 15-day and falling. Resistance at 1.5466 (Friday's high); breach would expose upside to 1.5533 (Wednesday's high), then 1.5580 (Aug. 30 high), 1.5597 (Aug. 26 high) and 1.5620 (Aug. 23 high). Support at 1.5343 (Friday's low, roughly matching Wednesday's low); breach would expose downside to 1.5294 (Tuesday's low), then 1.5123 (July 21 reaction low, near 100-day moving average and 50% Fibonacci correction of advance from May 20 low of 1.4230 to Aug. 6 high of 1.6002) and psychological 1.5000.



USD/CHF - to trade with bullish bias. Supported by short-CHF carry trades on improved risk appetite. Data focus: 0715 GMT Swiss August PPI & import price index. Daily chart positive-biased as spot rate broke above downtrend line from Aug. 12 high of 1.0616; bullish parabolic stop-and-reverse signal hit at 1.0205 Friday; stochastics rising from oversold, MACD staged bullish crossover against its exponential moving average. Resistance at 1.0277 (Friday's high); breach would expose upside to 1.0315 (Aug. 30 high), then 1.0328 (Aug. 25 high), 1.0452 (Aug. 24 high) and 1.0465 (Aug. 19 high). Support 1.0132 (Friday's low); breach would expose downside to 1.0096 (Thursday's low), then 1.0058 (Wednesday's 9-month low), parity and 0.9958 (Dec. 3, 2009 low).



AUD/USD - to consolidate with bullish bias. Buoyed by AUD demand for long-AUD carry trades on increased risk appetite, positive Chinese data, firmer commodity prices (CRB spot index settled up 1.93 Friday at 275.14). Data focus: 0130 GMT Australia July lending finance. AUD/USD daily chart positive-biased as MACD & stochastics bullish, although latter at overbought, suggesting sideways or higher AUD/USD trading near-term. Resistance at 0.9324 (April 30 reaction high); breach would expose upside to 0.9382 (April 12 reaction high), then 0.9405 (Nov. 16, 2009 top) and psychological 0.9500 level. Support at 0.9234 (hourly chart), then at 0.9202 (Friday's low); breach would temper near-term positive outlook, exposing downside to 0.9168 (Thursday's low), then 0.9089 (Tuesday's low), 0.9064 (Sept. 3 low) and 0.9052 (Sept. 2 low).



;-) Range for the famous Fab Five ...

1.2764 closed for today... I have made a reasonable 30+ pips just this morning... Have a great day and beautiful week.

Better wait for London Open don´t you think?

We had a fake breakdown to south last week during asian session... I made some pips but closed it during asia...

BTW... Someone really wants to push this up.

EURUSD Short Limit @ 12779

When you say weird buying, how do see it? Quote screen? Ecn? or just watching price bar?

fk that. I'm a scalper. I need to get paid now.

Short time...! Target: 1.2670 SL: 1.2815

If this will breach above 1.2805 area ... because China do play it that way ... then forget the downside ... highest has been 1.2784 in the time between ... lowest has been 1.2678 in the time between ... more than 106 pips span within six hours of trading only until now ...

Target almost reached.
I'll see how it reacts here

R2 got hit in just a few hours after trading started boy we're in for a ride today

well I'm richer now than I was an hour ago so I can't complain. Little bear may step up now show his hand and force a range. I dunno, goin to the gym. Good luck dudes.