EURUSD

Exactly. I've been reading news all morning to find the real issue on what this break out happened...since Sunday's gap, we've seen crazy EUR Strenght for not legitimate reason.

you not still waiting for 2500 are you ? lol ....

1. ) look at 4/h chart.... resistance break. ( MAIN REASON)
2. ) 30m diverion down did not hold,,,meaning move down didnt have enough support/strenths.
3) the 1/h up trend has been going for a while.... those who were late to catch it were waiting for retrecment to jump in for a long move....

I entered 1.2880

lol why on daily there is easy wave count

this is wave 3 ... 1.3180 to 1.3500 potential target , spoke about this on sunday , but one step at a time

long gold here @ 1265 target order 1350. with stop loss @ 1230. About a 1:3 risk to reward ratio.


We have gotten a break above resistance. A close above 1265 will confirm the breakout. I am targeting 1350 because I am projecting the distance from the channel that we were win from 1170 to about 1260 which puts us at about 1350.


I have attached GLD we are breaking out on larger volume as well above the resistance which is a good sign and we are still early in the session.

The recent sell off in the usd is being attributed to qe2 speculation as reports are circulating that a major investment banks believes the fed will announce $1 trillion asset purchase program as early as november

I did, because of this, they touch the bottom

It seems the end of euro growth. Waiting now for a correction in 1.2920

Have a look at my old posted chart.
now seems to be at the end of wave i which shall end at 3025 or 3032 and then correction to 2626.
Attached Thumbnailshttp://cdn.forexfactory.com/attachme...1&d=1283367181

(Dow Jones)--The dollar dropped broadly Tuesday, sinking to a 15-year low against the yen, dipping below parity versus the Swiss franc and falling to a series of one-month lows against the euro.
The euro's gain above $1.2920 tripped automatic orders to sell the dollar, analysts said, not only against the common currency, but also against other widely traded rivals, speeding the greenback's fall.
Some analysts also pointed to a report issued by Goldman Sachs Group, Inc. (GS), which said the Federal Reserve could announce a new asset-purchase program to kickstart a moribund U.S. economy, as contributing to the dollar's weakness.
A new asset-purchase program, which Goldman said could start as early as November, would weigh on the dollar, which already carries the freight of a slowing U.S. economy.
Slightly better-than-expected U.S. retail sales figures released Tuesday were not enough to stem the worry over the pace of the U.S. recovery, said Alan Ruskin, global head of G10 foreign exchange strategy at Deutsche Bank in New York.
"It does not detract from market concerns that another dose of QE still lies in the wings for later this year," Ruskin said, referring to the asset-purchase programs known as quantitative easing, a form of economic stimulus. Talk of a new round of asset purchases could be keeping the dollar under pressure, he said.
Late Tuesday morning, the euro was at $1.2988 from $1.2873 late Monday, according to EBS via CQG. The common currency rose as high as $1.3006 before receding slightly. The dollar was at Y83.12 from Y83.65, while the euro was at Y107.95 from Y107.66. The U.K. pound was at $1.5517 from $1.5429. The dollar was at CHF0.9960 from CHF1.0072.
The ICE Dollar Index, which tracks the greenback against a trade-weighted basket of currencies, traded at its lowest level in a month, at 81.249 from 81.870.
The dollar dropped to a fresh 15-year low against the yen, with investors likely testing the resolve of the newly re-elected leader of Japan's ruling party, who is seen as less likely to intervene in currency markets to stem yen strength.
The dollar fell to Y82.92, its lowest level since May 1995, before regaining some of its poise in late morning New York trading.
"It seems like everybody is trying to catch the yen appreciation wave," said Hidetoshi Yanagihara, currency strategist at Mizuho Corporate Bank in New York.
The dollar had overnight notched a previous 15-year low against the yen after Kan's re-election to hold onto power. He handily defeated longtime powerbroker Ichiro Ozawa for leadership of the ruling party.
Ozawa had been a more-vocal proponent than Kan of intervening in the currency market to curb the strong yen and of ramping up public spending to boost the flagging recovery. Investors bid the yen higher on Kan's re-election.
The greenback also slid sharply against the Swiss franc, dropping as low as CHF0.9933. It had overnight dropped below CHF1.0000 for the first time since December 2009, as solid Swiss economic fundamentals increase the chances, in some analysts' views, the Swiss National Bank on Thursday will increase key interest rates.
The Swiss National Bank has pursued an aggressive strategy of seeking to hold down its currency in the past, in an effort to deflect deflationary pressures, which build as the strong currency makes imports cheaper. Since June, it appears to have stepped back from that stance, noting that signs of deflation have disappeared.
With the Swiss central bank meeting Thursday to announce any changes to its monetary policy, "we expect the SNB to deliver a 25 [basis point] hike this week, against a virtually unanimous consensus for unchanged rates," UBS analysts said. "We argue that wage inflation and a potential real estate bubble are weighing heavier than franc strength," making a rate hike more likely.

Does anoyone have the indie which will show on top left corner how much time is left till the end of tf. Or maybe you know the name of it that I could search it myself.

Thanks in advance.

b-clock

Wow thats an aggressive call. Do you understand the implication of Gold@ 1350???.

sisse

thv v3 candle clock ....send me a pm with yahoo id if u want it

Next stop: 1.3062. Not trading it, though, I expect a retest of 1.30 as confirmation.

EURUSD DAILY:


http://forexportugal.wordpress.com/2...09-2010-tm-1d/


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gold is about to run into major resistance... can things relax @1281.65?

and USDCHF broke through this line, I almost expected that. And I promise it will go lower much more now. Maybe some crazy short term moves now but this is not a fake-out, it will drop more, I'm absolutely sure.

dull August is over.
it's now September..... so let's see