Don't pay much attention on that "indicator".
Being humble is the new word on the street.
If it breaks 83 retail accounts will go long as usuall. Don't pay much attention on that "indicator".
We may start seeing carry trade taking shape again. Altough a lot has change since those times. More regulation, and deleveraged, I would even say less greeding on corners as well.
Being humble is the new word on the street.
Short term I say we're going to see a range between 82.6-83-6 on the following days.
.... Successful "arbitrage" requires large positions, positions which are usually not all in cash, i.e. leverage.
, at this rate i'll have to re-evaluate soon.
world currency unit quotation, notes the recent call by Dominique Strauss-Kahn, Managing Director of the International Monetary Fund, for a new world currency to protect against future global financial instability."
We are at the Monthly R1 Pivot and the Daily Pivot again. If it breaks I would like to see the Daily R1 which is around the current high for the month.
If we get rejected here I would look for a bounce at around 83.30.
I too am playing Noda at the moment.
M5
Attachment
From a very basic standpoint, the candle show (to me) that a fair bit of effort is going into this upmove.....it 'seems' reasonable strong and the rsi is positioned ok-ish, should this thing decide to break out. USDX looks ok too, but needs to break this recent high to help Jpy break the line....imo.
Yen futures look like they want to test support aswell.
The ducks are lining up.......
Yep....my swissy is on the move again too.....
Great trade!
Possible pullback to the 78.50 level before the break?
