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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #64,841
  • Jan 11, 2013 7:40am Jan 11, 2013 7:40am
1.3524 in view.. With possible ultimate target at 3740

Also 3416 may be worth shorting, especially if it will fly without retracement
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  • #64,842
  • Jan 11, 2013 7:56am Jan 11, 2013 7:56am
Quoting D2tz
Hey guys,

I have been on the sidelines for EUR/USD forever. I chose to trade USD/CAD strictly.
However I see a nice weekly opportunity to enter long on E/U. I'll wait until 1.33 breaks once more and significatly and then go long with target above 1.39.
Looking at the weekly chart I think it's rather clear that the EURO is still consolidating and finding it's median price since it's fall.
I think the ECB has outstanding liquidity swaps which it will soon unwind that would undeniably support this theory.

Does anybody have detailed balance...
Following through...
  • #64,843
  • Jan 11, 2013 8:20am Jan 11, 2013 8:20am
what do you know, we have the best currency in the world
  • #64,844
  • Jan 11, 2013 8:21am Jan 11, 2013 8:21am
Quoting PipTrapper
Come on E/U... Be a good little girl and give us a daily chart double top... Pretty please
You naughty naughty girl. No soup for you... or me
Those who say it cannot be done should not interrupt those who are doing it
  • #64,845
  • Jan 11, 2013 8:27am Jan 11, 2013 8:27am
At least some got their wish for a volatility eh!

Fundies moving the Eur...not much technical the past 48...still don't believe it but I've hedged cause some other dumb ass might make another comment.
  • #64,846
  • Jan 11, 2013 8:40am Jan 11, 2013 8:40am
Quoting PipTrapper
You naughty naughty girl. No soup for you... or me

Feb 2012 ?

Day isn't over yet...bet on the daily wick
  • #64,847
  • Edited 8:54am Jan 11, 2013 8:43am | Edited 8:54am
Supermario > Bernanke
he can "save" euro only with words, chuck norris has now a competitor
  • #64,848
  • Jan 11, 2013 8:58am Jan 11, 2013 8:58am
Sounds like it might be a bad day for the S&P 500. Risk off?
  • #64,849
  • Jan 11, 2013 8:59am Jan 11, 2013 8:59am
Quoting wingou
Supermario > Bernanke
he can "save" euro only with words, chuck norris has now a competitor
Draghi's problem is that he is awful at market manipulation rhetorics. So, he's punishment is going to be unwanted euro strength. Or maybe he does want a stronger euro, i don't know...
  • #64,850
  • Jan 11, 2013 9:03am Jan 11, 2013 9:03am
Quoting lumesh
Draghi's problem is that he is awful at market manipulation rhetorics. So, he's punishment is going to be unwanted euro strength. Or maybe he does want a stronger euro, i don't know...
I think he does want a stronger Euro. Think all the way back when the crisis caused the Euro to tumble.. His only goal was to prove that it could sustain the losses and survive. He's a big defender of the Euro, he wants to see it thrive. It's beyond economics; it's being on the fence for the Euro
  • #64,851
  • Jan 11, 2013 9:04am Jan 11, 2013 9:04am
Quoting chodd22
At least some got their wish for a volatility eh!

Fundies moving the Eur...not much technical the past 48...still don't believe it but I've hedged cause some other dumb ass might make another comment.
hallelujah!
I'm going long on USD/CAD with hopeful target @ 0.9980.. assuming the new breath of life in this pair will remain for the day!
  • #64,852
  • Jan 11, 2013 9:05am Jan 11, 2013 9:05am
Quoting lumesh
Draghi's problem is that he is awful at market manipulation rhetorics. So, he's punishment is going to be unwanted euro strength. Or maybe he does want a stronger euro, i don't know...
We have to keep in mind that the eurozone is energy importer, and so a weak euro is maybe not so good for europe.
  • #64,853
  • Jan 11, 2013 9:09am Jan 11, 2013 9:09am
Quoting wingou
We have to keep in mind that the eurozone is energy importer, and so a weak euro is maybe not so good for europe.
I don't think the bigger picture is saving on imports.
Stimulating exports might be a motive.. However, years back.. I used to trade USD/CAD with that mentality; CAD should go down, because we (canadians) wants to stimulate oil exports. Sadly, that is not the motive of any intervention. There are much bigger items that influence these interventions (assuming there is any).
  • #64,854
  • Jan 11, 2013 9:22am Jan 11, 2013 9:22am
Quoting wingou
We have to keep in mind that the eurozone is energy importer, and so a weak euro is maybe not so good for europe.

Sure, if your proposed cheaper energy outweights the strong currency dampened growth.

cause that's what you are saying...
  • #64,855
  • Jan 11, 2013 9:45am Jan 11, 2013 9:45am
Quoting PipTrapper
Only through speculation that the BOJ will not play ball with Abe... but at this point it is far fetched to believe that would happen... not that it wouldn't though.

I do see a very strong technical reason for JPY strength though, but only as a short term pullback before U/J rockets up to 95.xx

I have placed a buy limit on U/J at 85.60, but may enter manually before that if PA dictates.
Im not sure that BOJ has the option to not play ball with Abe. LDP won the majority seats and he has the power to make changes in the BOJ, and has said that he wont if they dont cooperate. His jawboning a lot of posturing on his part but if has the power to do so he can.
It works till it doesn't
  • #64,856
  • Jan 11, 2013 11:06am Jan 11, 2013 11:06am
WHo knows how this pattern is called?
Attached Image (click to enlarge)
Click to Enlarge Name: The pattern.png Size: 5 KB
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  • #64,857
  • Jan 11, 2013 11:09am Jan 11, 2013 11:09am
Quoting Likerty
WHo knows how this pattern is called?
A Draghi?
Trade smaller than rational because the market is irrational...
  • #64,858
  • Jan 11, 2013 11:11am Jan 11, 2013 11:11am
Sorry I thought you meant what is it called...
Trade smaller than rational because the market is irrational...
  • #64,859
  • Jan 11, 2013 11:13am Jan 11, 2013 11:13am
Quoting D2tz
hallelujah!
I'm going long on USD/CAD with hopeful target @ 0.9980.. assuming the new breath of life in this pair will remain for the day!
so am I actually...come on baby
  • #64,860
  • Jan 11, 2013 11:15am Jan 11, 2013 11:15am
Quoting Likerty
WHo knows how this pattern is called?
Thats the FUBAR pattern...

Or the HELLSYESSS pattern...

Depends on which side you are on.

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