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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #60,861
  • Nov 16, 2012 4:08am Nov 16, 2012 4:08am
Quoting PipTrapper
Good morning folks and welcome to yet another Friday with no resolution on the Greek drama.

Speaking of Greece, The IMF chief Christine Lagarde is still sticking to her guns that in the IMF's view, Greek debt sustainability is only achievable if the program is put back on track to meet the target of 120% debt to GDP by 2020... an impossible feat in my personal view. Earlier, Ms, Lagarde was asked if a deal is achievable and her response was... wait for it... "It ain't over till the fat lady sings". That is way too funny. Kind of fits...
Morning..
My take for EURUSD from the school of Pur_Tech_Eur_Analysis..

Attached Image (click to enlarge)
Click to Enlarge Name: capture-20121116-092321 EU D1 demand zone.png Size: 43 KB


As for those Bulls & Bears who insist on dancing with a wrong left foot..
may be they can try doing this for clarity of the mind..

Attached Image
  • #60,862
  • Nov 16, 2012 4:10am Nov 16, 2012 4:10am
Quoting 100PipsADay
EUR/USD - Hourly Technical Analysis (1st Chart)

EUR/USD - Daily Technical Analysis (2nd Chart)

**Strong SELL signals on H1 and D1 time frames for EUR/USD using multiple moving averages as well as multiple technical indicators**
Where does this report come from ?

And thanks for it btw...
  • #60,863
  • Nov 16, 2012 4:11am Nov 16, 2012 4:11am
haha cute picture


I imagine a decent amount of buyers, we're at 50% retrace from recent rally up
  • #60,864
  • Nov 16, 2012 4:20am Nov 16, 2012 4:20am
Quoting wingou
Where does this report come from ?

And thanks for it btw...

http://www.forexpros.com/technical/technical-studies
  • #60,865
  • Nov 16, 2012 5:54am Nov 16, 2012 5:54am
Quoting redteamgo
looks like we are finally fading? short at 2795.
holding for 2400
Any prices quoted are futures
  • #60,866
  • Nov 16, 2012 6:09am Nov 16, 2012 6:09am
Quoting cdndollar
Morning..
My take for EURUSD from the school of Pur_Tech_Eur_Analysis..

Attachment

As for those Bulls & Bears who insist on dancing with a wrong left foot..
may be they can try doing this for clarity of the mind..

Attachment
I don't think the bulls stand much of a chance here, but then again this pair has been so indecisive lately, another run at 1.2800 wouldn't surprise me.

Notwithstanding the possibility of further upside, double top/bottom and H/S formations that have already triggered across the neckline and have successfully tested it from the other side very rarely fail, so my target of 1.2466 is still in play.

E/U Daily:
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Those who say it cannot be done should not interrupt those who are doing it
  • #60,867
  • Nov 16, 2012 6:12am Nov 16, 2012 6:12am
Quoting redteamgo
holding for 2400
2466
Those who say it cannot be done should not interrupt those who are doing it
  • #60,868
  • Nov 16, 2012 6:48am Nov 16, 2012 6:48am
By trying to get more knowlwdge about economic fundamentals, i found this graphic chart today. maybe it is nothing new for most of you, but i found it very intersting. Imho it shows, that there is space left for the ECB and BoJ for more dept buying (QE) to make the currency cheaper and the FED has not and may be urged to tighten her monetary policy as the first, as PT mentioned.
If i see this wrong any commentary and advice is very welcome.

By the way: The headline means: Volume of dept buying since start of the crisis in billion Dollar.
BIP = GDP
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  • #60,869
  • Nov 16, 2012 7:03am Nov 16, 2012 7:03am
Quoting PipTrapper
I don't think the bulls stand much of a chance here, but then again this pair has been so indecisive lately, another run at 1.2800 wouldn't surprise me.
Notwithstanding the possibility of further upside, double top/bottom and H/S formations that have already triggered across the neckline and have successfully tested it from the other side very rarely fail, so my target of 1.2466 is still in play.

E/U Daily:
Attachment
Better not be today.....looking for this painfully slow day to end below 2700...
Those that say do not know. Those that know do not say.
  • #60,870
  • Nov 16, 2012 7:07am Nov 16, 2012 7:07am
WAKE UP!
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Those that say do not know. Those that know do not say.
  • #60,871
  • Nov 16, 2012 7:10am Nov 16, 2012 7:10am
Quoting ohenry
WAKE UP!
haha
  • #60,872
  • Nov 16, 2012 7:18am Nov 16, 2012 7:18am
Quoting PipTrapper
I don't think the bulls stand much of a chance here, but then again this pair has been so indecisive lately, another run at 1.2800 wouldn't surprise me.

Notwithstanding the possibility of further upside, double top/bottom and H/S formations that have already triggered across the neckline and have successfully tested it from the other side very rarely fail, so my target of 1.2466 is still in play.

E/U Daily:
Attachment
I wouldn't rule out those M/T hoarders yet..

EURUSD W1 Confluence Zone & SHS Targets:
Attached Image (click to enlarge)
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EURUSD+EURGBP+EURJPY D1:

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but then again only time will tell if we see 1.35 before 1.25 or 1.2466 before 1.3466
all we do for the time being is to have more tea party talks & may be do more doggy yoga for clarity of the FX mind..
  • #60,873
  • Nov 16, 2012 7:24am Nov 16, 2012 7:24am
Quoting PipTrapper
I don't think the bulls stand much of a chance here, but then again this pair has been so indecisive lately, another run at 1.2800 wouldn't surprise me.

Notwithstanding the possibility of further upside, double top/bottom and H/S formations that have already triggered across the neckline and have successfully tested it from the other side very rarely fail, so my target of 1.2466 is still in play.

E/U Daily:
Attachment

being on your side on this i do wanna point out to some conflicting arguments just to dampen this yber bearish view


now, while you are correct in that the price touched the neckline of the previous range (1.2802) it also needs to close below the current low to justify the downside. If it doesn't then those support turned resistance traders all become the target when price moves more up. Furthermore, you need to get past the USDX chart which show strong divergence on the daily, the 50% fib and a very close upward trendline that looks very juicy to break. A little Greek hopium could trigger all of them. So, it's not a slam dunk yet that the downside will continue IMO.

What do you think ?
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  • #60,874
  • Nov 16, 2012 7:30am Nov 16, 2012 7:30am
Quoting lumesh
being on your side on this i do wanna point out to some conflicting arguments just to dampen this yber bearish view


now, while you are correct in that the price touched the neckline of the previous range (1.2802) it also needs to close below the current low to justify the downside. If it doesn't then those support turned resistance traders all become the target when price moves more up. [b]Furthermore, you need to get past the USDX chart which show strong divergence on the daily, the 50% fib and a very close upward trendline that looks very...


USDX technical overbrought.. pending breakdown to resolve the H1 & H4 divergences..
  • #60,875
  • Nov 16, 2012 7:48am Nov 16, 2012 7:48am
Quoting lumesh
being on your side on this i do wanna point out to some conflicting arguments just to dampen this yber bearish view


now, while you are correct in that the price touched the neckline of the previous range (1.2802) it also needs to close below the current low to justify the downside. If it doesn't then those support turned resistance traders all become the target when price moves more up. Furthermore, you need to get past the USDX chart which show strong divergence on the daily, the 50% fib and a very close upward trendline that looks very...
very valid but that doesnt change my inclination to fade every rally. the daily/weekly trend is pretty clear. i think another retest of 2800 is likely but how much top side from here or there do you really think is possible? 2900? 3000? i dont know about you but i will aggressively fade ( and close @ b/e if necessary) all the way up because I know when it finally fades back (post jan 2013/lame duck?) it will fade back to retest 12000 and i want as many contracts on as high up as possible
Any prices quoted are futures
  • #60,876
  • Nov 16, 2012 8:14am Nov 16, 2012 8:14am
Good morning everyone.

Who wants a freebie? But it will cost you dearly.
  • #60,877
  • Nov 16, 2012 8:35am Nov 16, 2012 8:35am
Looks like she's finally waking up....
Those that say do not know. Those that know do not say.
  • #60,878
  • Nov 16, 2012 8:37am Nov 16, 2012 8:37am
Quoting ohenry
Looks like she's finally waking up....
If she breaks her low within the next 25..we're in business...if not back to...
Those that say do not know. Those that know do not say.
  • #60,879
  • Nov 16, 2012 8:42am Nov 16, 2012 8:42am
Quoting ohenry
If she breaks her low within the next 25..we're in business...if not back to...
Next 25 is the minute? Calculating Time?
  • #60,880
  • Nov 16, 2012 8:49am Nov 16, 2012 8:49am
Quoting rekon67
Next 25 is the minute? Calculating Time?
Correct as in min but I'm not Gann so don't calculate time just refer to the current session as highlighted...
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Those that say do not know. Those that know do not say.
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