EURUSD

let it roll

Short 1.3091

TP/SL??

Thanks

TF

SL 1.3123

TP 1.3040

It should be break-out in H1 chart, heading to 3110

September 18 2010, Inflationnary depression

Hi all, my view before going to bed:

Once TL broked because bull flag will try to reach D then possible gartley sell pattern. (M15).

Now could buy at 50% retracement 1.3080 zone.

a hard nut to crack. usd/chf is in a state, where a reversal appears likely. but then again, that would correspond with the gartley you mention.

The central parity rate of the yuan, China's currency Renminbi (RMB), jumped 113 basis points, or 0.17 percent, Tuesday to a new record high at 6.6997 per U.S. dollar, according to the data released by the China Foreign Exchange Trading System.




Tuesday's yuan central parity against U.S. dollar beat the previous record of 6.7110 per U.S. dollar on Monday and extended the Chinese currency's gains to eight consecutive trading days.


http://news.xinhuanet.com/english201...c_13522804.htm

i wish 1.2960 will obtain first

Still open from yesterday 3040 target 3135

You think it's going to break the downward TR on D1?

ASIA DAILY FOREX OUTLOOK - Majors
21 Sep 2010, 01:34

SINGAPORE (Dow Jones)


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

2010-09-21_ASIA DAILY FOREX OUTLOOK - Majors + Graph.pdf (43.3 KB)




EUR/USD - to range-trade before US FOMC announcement. Pair underpinned by weak USD sentiment, EUR demand for long-EUR carry trades on decreased risk aversion. But EUR/USD gains tempered by lingering concerns over Ireland and Portugal sovereign debt, warnings from Irish central bank yesterday Ireland's 2014 budget goals could be at risk. Focus on outcome of Irish debt auction today of EUR1-EUR1.5 billion 4% January 2014 and 4.5% October 2018 bonds. EUR/USD daily chart mixed as MACD bullish, but stochastics bearish at overbought; inside-day-range pattern completed yesterday. Support at 1.3025-1.3016 band (yesterday's low-Friday's low); then at 1.2974 (Thursday's low); breach would target 1.2953 (Wednesday's low), then 1.2918 (previous cap set Sept. 6), 1.2879 (55-day moving average) and 1.2826 (Sept. 14 low). Resistance at 1.3120 (yesterday's high), then at 1.3160 (Friday's high); breach would reinstate near-term positive bias, exposing upside to 1.3217 (200-day moving average), then 1.3333 (Aug. 6 reaction high).



USD/JPY - to consolidate amid negative USD sentiment as possible hints from U.S. Federal Reserve about future quantitative-easing measures at FOMC monetary policy announcement (due 1815 GMT) weighs on dollar, though Fed not expected to announce any new bond-buying programs today. USD/JPY also undermined by Japan exporter sales, lower U.S. Treasury yields; weaker-than-expected U.S. September NAHB housing market index (stayed at 13 vs forecast for rise to 14). But USD/JPY downside limited by fear of further Japan MOF JPY-selling intervention, USD demand for import settlements, JPY-funded carry trades amid lower risk aversion (VIX fear gauge eased 2.32% to 21.5) as Wall Street posted strong gains overnight (DJIA up 1.37%, Nasdaq up 1.74%) on encouraging financial & home-builder earnings. Other data focus: 0500 GMT Japan July revised indexes of business conditions, 1230 GMT U.S. August housing starts, August building permits. USD/JPY daily chart still positive-biased as MACD & stochastics bullish, although latter at overbought. Resistance at 85.93 (high of Thursday & Friday); breach would expose upside to 86.39 (Aug. 13 high), then 86.49 (Aug. 5 high), 86.88 (Aug. 2 high) and 88.11 (July 28 reaction high). Support at 85.48 (yesterday's low); breach would target 85.20 (Thursday's low), then 84.43 (previous cap set Sept. 10) and 82.87 (Wednesday's 15-year low).



GBP/USD - to trade with risks skewed lower. Pair undermined by 1.1% fall in UK Rightmove September house price index for third straight month of decline; weak UK CML August mortgage lending (rose GBP11.4 billion for lowest increase in month of August since 2000); concerns over negative impact of fiscal tightening on UK economy. But GBP/USD losses tempered by weak USD sentiment, reduced investor risk aversion, caution before US FOMC announcement. Data focus: 0830 GMT UK August public sector finances. GBP/USD daily chart mixed as MACD bullish, but stochastics falling from overbought. Support at 1.5535 (yesterday's low, matching Thursday's low); breach would expose downside to 1.5446 (Wednesday's low), then 1.5345 (Sept. 14 low), 1.5294 (Sept. 7 low) and 1.5149 (100-day moving average). Resistance at 1.5624 (hourly chart), then at 1.5685 (yesterday's high) and 1.5728 (Friday's high); breach would reinstate near-term positive outlook, exposing upside to 1.5910 (Aug. 10 high), then 1.6002 (Aug. 6 top).



USD/CHF - to consolidate with risks skewed lower. Pair undermined by broadly weak USD sentiment, CHF demand on soft EUR/CHF cross as lingering European sovereign debt concerns weigh. But USD/CHF downside limited by fear of SNB's CHF-selling intervention, caution before US FOMC announcement. Data focus: 0615 GMT Swiss August trade balance. Daily chart mixed as stochastics turning bearish, MACD flat. Support at 1.0026 (yesterday's low); breach would target 0.9995 (Thursday's low), then 0.9945 (Wednesday's low), 0.9930 (10-month low set Sept. 14) and 0.9914 (Nov. 26, 2009 trough); below which would open way down to psychological round-numbered levels from 0.9900 down to 0.9600, then 0.9572 (record low set March 17, 2008). Resistance at 1.0121 (yesterday's high); breach would expose upside to 1.0183 (Friday's high), then 1.0205 (Sept. 13 high), 1.0277 (Sept. 10 reaction high), 1.0315 (Aug. 30 high) and 1.0328 (Aug. 25 high).


;-)

short aj again
n ej eu

today's math says we may see 3122/23 #1 baby bull.. with usual slippage.. Fridays bull is still valid 31523.. we stopped at a level on Fridays bull chart yesterday 3121. today's current high was from a level on Fridays bear chart 3097. both bears and bulls are valid still.. bulls have not yet completed a continuation wave. bears have completed several..

Sideway ?

Bearish ?

Bullish ?

any comment?

We pass 1.310 I think we're bullish.
News tomorrow - probably will encourage more bulls with falling USD.
(careful - I'm a noob)

Just Wait n See, if it gets 3120 will short from there, maybe

I hear that

Morning to all . Bull flag start working ? lets see if able to break & hold 3116+23 levels to the new top 3285-3340 before forming the bear flag again .
daily level sell off ignored ? still confusion all around .This 4th daily candle to confirm everything perhaps .

fontu

Fontu, Do you see a Cup and Handle in your chart?

If yes, I feel like having some coffee in it, one hour after London open.