EURUSD

I am still new to PA and reading / interpreting candlestick patterns but it appears that a triple bottom pattern may be forming (still early to tell at 45 minutes before the candle end) on the 1 hr chart.

Can anybody advise on this? Does this show another potential rise brewing or do these patterns not apply as much the the low volume trading we are seeing at the moment?

Thanks

if bellow 1.3040 .... looking down to 1.2850 ( at list )

and i have ur 3rd, 4th and 5th all with a difference of 4 pips up. good. i must admit i see a possible resistance at 958 too.

as Fontu says any close below 50 would be good for my (many) accumulated bear entries...

any chance we see 098? hope not.

been looking into that overlay chart (mirrored) u posted some time ago. interesting info there.

right now i am worried to see possible hidden buyers below 58.

how good it would be to see 3000 still today...

[quote=JuliusCeasar;4035055] 109.56...108.26....108.06.........107.04 +

Right assuming this projection takes me to the Finnish, today's close would be around 3110/20 trying to break 3130 early tomorrow.

We are still in the range that could go to 3035 Should be heading up at 11pm GMT (in two hours)

Tomorrow:
Drop to 3075 02:00
Up to 3130 04:00
Down to 3060 05:00/06:00
UP to roughly 3100 11pm

TUE 12:00PM START DROP TO 2900

I doubt any of this will come to pass after tonight but maybe god will let me have this whole week?

my 2 cents on eu ... 1.3030 to 1.2950 holds and then we see buying volumes , this is nothing but a bull flag of sorts . If this is the case expect 1.33 to 1.35. as the flagpole is 400 pip long.

hi guys. shorts still running, not stopped out this time. hopefully i will be able to move sl to be this time.


that's H4, isn't it? it's hardly readable.

to the extent they let it float, the yuan is floating against the USD, and I expect Asian session trades dollars for yuan, unless they don't...

http://www.fxinsights.com/3-Words-Co...Forex-Markets/

The "consensus" is that Bernanke backs off of QEII. So...USD positive, right?

Yeah, right. "Consensus" is a prerequisite for "shakedown"...I'll be up a tree until the bleeding stops.

where do you think usd/jpy will be after this hour? it looks like it could go up again @ 15m tf

I wouldn't try to trade it, range too tight.

If the Chinese are buying $ they're buying yen, too...

i would happily ride the shakedown.

where is oil right now? can't connect to the broker.

ok, didn't know. why is that? and is it expected the chinese are going to buy this night?

http://www.forexpf.ru/_quote_show_/java/

oil

The Swiss Franc Will Bounce Back
By NICHOLAS HASTINGS
A DOW JONES NEWSWIRES COLUMN


LONDON -- Message to the Swiss National Bank: Enjoy the Swiss franc's weakness while you can.
Despite the Swiss central bank's efforts to drive the Swiss franc lower last week, with its dovish assessment of Swiss growth as well as its downgrade to Swiss inflation, the currency will still bounce back.
First, the franc is still being driven by investment flows that will continue in its favor.
And second, even though the SNB may have postponed any rate hike plans for now, the Swiss central bank will still likely raise its interest rates well before the European Central Bank.
Just look at the tiny four-basis-point narrowing in the two-year bond yield spreads between the franc and the euro after the SNB's statement. This small move hardly justifies the sharp rally in which the euro made itslargest one-day gain against the franc since May.
Of course, optimists are hoping that the SNB's decision to slash its 2011 growth forecasts and warn that deflation could return will be enough to overturn the Swiss franc's fortunes.
The renewed concerns about the Swiss economy helped the euro to rally back over CHF1.33, with some forecasters suggesting that the single currency should now be bought on dips.
They argue that the euro should continue to rally against its Swiss counterpart now, especially as fears over the sovereign debt crisis in the euro zone subside.
See how the euro has fared in recent months against the franc here.
However, the franc is still likely to benefit both from safe haven flows as well as the lack of recycling of Switzerland's own current account surplus.
If anything, the Swiss franc's status as a safe haven could become even more pronounced given that recent intervention by the Bank of Japan could reduce the yen's attraction as a place for investors to hide.
On the current account front, while foreign fixed income capital has flowed steadily into Switzerland in recent months there is little sign that Swiss investors are willing to put their money abroad.
Deutsche Bank summed it up in a recent study: "The balance of payments picture suggests (Swiss franc) strength is also actively driven by a lack of current account surplus recycling indicative of a poor risk-return profile in other developed markets."
In other words, the money that is flowing into Switzerland from higher exports isn't flowing out through investment flows into foreign markets. The result--upward pressure on the franc.
This will also continue to come from favorable comparisons for the Swiss economy relative to the euro zone one.
Sure, the outlook for the Swiss economy may not be as good as it was. But, then again neither is the outlook for the euro zone recovery, which is expected to stall even earlier.
This means that while the SNB may have to put off hiking rates any time soon, it is more than likely that the ECB will have to postpone its plans for even longer.
So while the SNB may have succeeded in pushing the franc back down against the euro for now, the central bank won't have reversed the trend and will almost certainly have to resort to direct market intervention to drive the franc lower once again.
Early Monday, the franc slipped a little as the euro rebounded in line with a slightly improved global market sentiment. The single currency had been hit Friday by a new record high in the cost of insuring Irish sovereign debt against default.
Since then, though, hawkish comments from the Reserve Bank of Australia Governor have helped to lift sentiment slightly.
By 0645 GMT, the euro was up at CHF1.3224 from CHF1.3167 late in Friday in New York, according to EBS.
The euro was also up at $1.3096 from $1.3039. The dollar fell to Y85.68 from Y85.82, while the single currency rose to Y112.26 from Y111.89.


and hres
free 24hr link
http://www.djnewsplus.com/ge/al?rnd=...4x%2Fd0w%3D%3D

The quintessential problem of capitalism is excess capital - what do you do with it? The Chinese have this enviable dilemma.

oil moved $2 today what the hell ... missed that

Its so quiet in here I thought I would say something.There's a trend here.It shows more on the hourly, but here's the 4h instead!