Finally we can see some divergences up in MACD, RSI up in H4, Price got nice support on 13 MA ..so we now can expect some retrace up however Supply noticed in 1.25 area, lets see how it plays.
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EurAnalysis Kindergarten 24 replies
DislikedExcellent... Find out which proxy they are using and piggy back it.Ignored
DislikedFinally we can see some divergences up in MACD, RSI up in H4, Price got nice support on 13 MA ..so we now can expect some retrace up however Supply noticed in 1.25 area, lets see how it plays.Ignored
DislikedCome on, PipTrapper - it's a weekend!
I'm afraid to miss something interesting and coming here tooIgnored
DislikedHey all, I've seen a lot of people arguing over whether the euro is gonna go up or down (shocking, i know)... and how/why this last NFP caused the markets to react as it did.
Now, what i'm about to post may be slightly off subject, but I think it may at least provide some insight to how market sentiment and expectations play a role in these types of news reactions.
I wrote up a fairly detailed point of view here:
http://www.forexfactory.com/search.php?searchid=2672907
If it's totally off theme because it's not all eur/usd...Ignored
DislikedFollowing is my trade plan for the next week.
Actually we have an ABCD BUY , (A=1.3067, B=1.2638, C=1.2824, D=1.2286 - 1.27 x AB = CD), the target of this BUY is between the B and C points. I'm already in with long 25% of my lot size at 1.2329, I plan to enter another 25% on retrace back to 1.24, another 50% on eventually retrace to 1.2360 (1.2360 will then be the right shoulder of an inverted HS, that I LIKE to see as a reliable inversion pattern...).
My tp will be 50% at 1.2587 (50% retrace of entire move down, then SL remaining 50% at 1.2587)...Ignored
DislikedWhat you rely on the EURUSD will reach 1.27? would rather get in a few days to 1.22 and then 1.18 .... Spain is already helping hand to rescuers about Greece ... Europe ... And all the polls predicted anti European coalition won the elections .. . we shall live and see, but the euro is sure to fail!Ignored
DislikedOkay here is my predicament:
My two favorite and most heavily traded pairs are EUR/JPY & AUD/JPY, in fact, they account for about 80% of all of my trading activity. The other 20% is EUR/USD & AUD/USD.
However, right now I am in a predicament for a few reasons...Ignored
Disliked2) Is it even possible for the EUR/JPY to go lower then what we saw on Friday?Ignored
Disliked3) FEDs QE3 - I was a firm believer that there would be no additional QE until after elections as that is almost suicide for Obama and his re-election.But, as FXSwissTrader pointed out, "Personal Consumption Expenditure is under 2%. That is Ben Bernanke's favorite measure to use when deciding on stimulus or not."[/b]Ignored
DislikedWe all saw UJ had a violent spike upwards when price hit about 79.79, which PT pointed out, was BOJ intervention. So, this means they really don't want the Yen to get too much stronger than it already is. Last year they had their first trade deficit in 20 years and they are trying to avoid that problem again, one of the best ways for them to avoid another deficit would be to weaken their yen.Ignored
DislikedFirst, if the Euro goes down to the target rate of 1.17-1.18 in the near future, will the EUR/JPY also go lower? Or will the BOJ intervene again? If they intervene again, are they able to suppress the value of the Yen indefinitely?Ignored
DislikedSecond, due to the bad US numbers, should we now be expecting another round of QE?Ignored
DislikedIf QE happens in the US, this should drive the EUR up and USD down. If the USD weakens due to more QE, the USD will weaken against the Yen, so there is another chance of BOJ intervention.Ignored
DislikedIf both happen, this will drive EUR/JPY up dramatically, in my opinion.Ignored
DislikedI know none of us have a crystal ball but I would appreciate some other people's opinions and input on this matter. Thanks!Ignored
DislikedHey all, I've seen a lot of people arguing over whether the euro is gonna go up or down (shocking, i know)... and how/why this last NFP caused the markets to react as it did.
Now, what i'm about to post may be slightly off subject, but I think it may at least provide some insight to how market sentiment and expectations play a role in these types of news reactions.
I wrote up a fairly detailed point of view here:
http://www.forexfactory.com/showthre...92#post5722692
If it's totally off theme because it's not all eur/usd...Ignored
DislikedYou can bet on it. I will.
Possible yes, but it will be short lived unless all hell breaks loose and the BOJ cannot do enough to stop it. The BOJ does not have the same capabilities as the SNB. Basically they are a bankrupt country. Why they are even seen as a safe haven is beyond me, and beyond them also, but such is life.
You are correct in your assumption. QE3 is not on the menu and will not be until after the election (if ever). The Fed does not need to implement another round of asset purchases in the current environment. Rates are...Ignored
QuoteDislikedHey all, I've seen a lot of people arguing over whether the euro is gonna go up or down (shocking, i know)... and how/why this last NFP caused the markets to react as it did.
Now, what i'm about to post may be slightly off subject, but I think it may at least provide some insight to how market sentiment and expectations play a role in these types of news reactions.
I wrote up a fairly detailed point of view here:
http://www.forexfactory.com/showthre...92#post5722692
If it's totally off theme because it's not all eur/usd related, let...
Dislikedhey folks...sorry about the broken link. I'm reposting the above...below, and double checking the link:
ORIGINAL POST:
http://www.forexfactory.com/showthre...92#post5722692
P.S. Ok, cool, it worked. since the first non-linking post didnt work...i'll just delete it. (if i can)Ignored