EurAnalysis

sorry

No worries. Happy trading.

You will never be able to one up an anal retentive OCD Swissy!

Gold and Oil rallying. Watch DXY.

Sorry Playboy. I didn't see your question.

The key to a reversal lies in the long term falling trend line / channel. Right now it is around 1.2750. A break upwards of 1.2450/1.2500 is a sign that we are heading up to test 1.2750 so that is where the decision is made to place a short term long position. If 1.2750 is broken, then we're going back up to 1.30/1.31
At least that is how I see it from a technical view.

From a fundamental view, other that through irrational sentiment, the only way to get there is for the market to believe that the EuroZone crisis has been solved... or that the US is completely screwed.

Morning,
Traded long pre Cad release Euro/CAD and GBP/Cad
copycat trades on the Euro/AUD move that started.
Euro/CAD had a spike and Flag on the 15 minute so it has some up momentum. Broke the top of the flag on the Cad release.
Fundamentaly the deflation in Europe favors a fall in Oil and commodities.
Technicaly heavily oversold on daily and weekly.
What is of interest is on the 8 hour bar there has been some buying over past few days after a powerful Bear move. So some profit taking is occuring to cushion the fall.
Will trade this as if it is putting in a bottom for now.
Dailys are taking a bounce off the lower Bollinger Band 2.5 Std. Dev. on the 20 sma
If the markets are starting to get the message that the banks have been saved by QE and everyone else is on their own for now then deleveraging should kick in.
The Euro still appears supported and the trade numbers this morning were not poor when looking at Europe as a whole.

I'll agree with you if it means this bull correction is over and that we are heading down.
The thing about H/S patterns is that they need a confirmation via a break of the neckline. Even then, they can still fail. However, I'm cheering for it

looking through the 1hr chart,last 2days range has widen from 30 pips to 50 pips otherwise nothing happen.now i believe this 50 pips range is more significant and which ever side price break with momenmtum probabaly thats going to decide the short term direction of price.
looking throgh the cloud charts price sitting above the clouds on 1hrly,4rhy and 8hrly which is bullish from short time horizon and on 1 day chart price is in the middle of cloud which suggest price still in downtrend,dont know when the down trend reassert again probably waiting for holiday season to end.if price reach below 236 level then all bets should be off on the long side becos bigger time frame wave will just swallow all the lower time frames and will be foolish to stand in its way.
now in the short time horizon that probably next few weeks price seems to be bullsh and its continued to be so till the price stay above clouds on 1,4,and 8hrs charts and presently i will take a position on hrly chart which ever side the price break with momemtum,and all these trades are technical in nature with lots of in and outs depending upon my intuition and gut.the other thing i am still holding my long term play u/c and u/j, g/u and sort of my position is nicely hedge between jpy and usd


add:on one day chart 50 ema holding price nicely down and giving a good resistance. all the above analysis done on oanda platform.regards

i did shoot it 3 times. i hope it's already dead

E/U H1

GZ cat. I have shooted like 20 times. Shooted low @ 2287 like a pro and still underwater .

T

You cannot kill a zombie. In this market, just shoot it in the head, take your profits and run, because it will surely get up again.

So, how is that H1 candle looking in your charts? Quite fair in mine and imo I soon wont be underwater.

T

PT i like that analogy

With all the better than expected data coming out of the US lately, those who believe that the Fed will ease more need to have their heads closely examined. They may be suffering form chronic delusion.

initiated a short position at 330 with small lot of £1/pip lets see what happen

Oil usage in U.S last month dropped to lowest levels.

What was that with no QE before elections Wulfgar spoke of? Ah, I know. No QE before elections, electorate is pissed of.

T

I refuse to believe that. Surely Zac Efron uses a few barrels a day in his hair

http://cdn04.cdn.justjared.com/wp-co...ck-hair-02.jpg

locked about 18 pips on half the position and remaing in play with sl at breakeven