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  • #18,141
  • Jan 7, 2014 9:25am Jan 7, 2014 9:25am
Quoting jaylovin
{quote} ya 3684 is good buddy for a top... see what news says... if NZDUSD is bullish doesn't that mean eu can go higher being bullish against usd? i know nzd doesn't have the kind of impact euro does on the usd.. but maybe.{image}
The thing is EURUSD to NZDUSD corellation is positive on hourly timeframes but negative on daily timeframe. Not much thou ( +28 vs -28 ) so they are not supposed to move in the same direction.
  • #18,142
  • Jan 7, 2014 10:55am Jan 7, 2014 10:55am
Quoting T@rantula
{quote} The thing is EURUSD to NZDUSD corellation is positive on hourly timeframes but negative on daily timeframe. Not much thou ( +28 vs -28 ) so they are not supposed to move in the same direction.
euro may not do anything till FOMC... hell maybe FOMC will do nothing for euro tomorrow and we gotta wait for NFP... i favour downside - would like to get in higher though
  • #18,143
  • Jan 8, 2014 4:52am Jan 8, 2014 4:52am
Everything goes per plan from yesterday. Shorting into rallies and mini rallies. After ADP we will see whether EUR will continue down or jump up. Protect your profits.

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  • #18,144
  • Jan 8, 2014 5:12am Jan 8, 2014 5:12am
NZDUSD also bullish range and rejections off 8255-60 zone.

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  • #18,145
  • Jan 8, 2014 5:40am Jan 8, 2014 5:40am
Oh Hourly Chart RSI and CCI showing as oversold and we are in demand zone too, we have break the benchmark of 3600 , 38.2 % fib of today's high and low comes around 3600 level, seller may have eyes on same to short. Impact of news is important.
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  • #18,146
  • Edited 8:10am Jan 8, 2014 7:51am | Edited 8:10am
Yes Munal...but sometimes good ADP and NFP numbers can bring risk on sentiment. If 3660 levels hold we may see a jump. EURUSD has already reached my pre determined target for today..Now lets see whether we will have risk on sentiment.
  • #18,147
  • Jan 8, 2014 8:39am Jan 8, 2014 8:39am
Quoting T@rantula
NZDUSD also bullish range and rejections off 8255-60 zone. {image}
8300 broken
  • #18,148
  • Jan 8, 2014 9:13am Jan 8, 2014 9:13am
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  • #18,149
  • Jan 8, 2014 3:57pm Jan 8, 2014 3:57pm
whilst we may retrace up still... bias is down:
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  • #18,150
  • Jan 8, 2014 5:54pm Jan 8, 2014 5:54pm
and if we retrace... here you go... we are on a down swing with various levels of channels... i would short from one of the upper ones unless we break out upside. so we can retrace from now upwards... watch this space.
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  • #18,151
  • Jan 8, 2014 9:30pm Jan 8, 2014 9:30pm
All my best to you this year T@rantula.
  • #18,152
  • Jan 9, 2014 3:28am Jan 9, 2014 3:28am
Quoting calderone
All my best to you this year T@rantula.
Thank you very much! I also wish u the best in this year !

Quoting jaylovin
and if we retrace... here you go... we are on a down swing with various levels of channels... i would short from one of the upper ones unless we break out upside. so we can retrace from now upwards... watch this space. {image}
Excellent work Jay, its also in agreement with my analysis for today!
  • #18,153
  • Jan 9, 2014 3:33am Jan 9, 2014 3:33am
Today we have seen a corrective jump to the upside. Ideally price should get to 3630-50 where 3630 looks like a good shorting opportunity and stops can be tight there. We have also previous top and inner trendline intersection ( marked with X ) which stands around 3632 and there is a cluster of resistance up there between 3630 and 50 so I think it will prove a good zone for shorting. Targets are 3585 and 3550. Still as I told you a couple of times before, only a break below 3550 will aim for 3520-15.

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  • #18,154
  • Jan 9, 2014 3:51am Jan 9, 2014 3:51am
GBPUSD is targeting 6500 near term and if it breaks it 6540. I would like to see a nice pullback prior to entering long. Ideally it would be if it PBacks to 6410-00 zone where we could try a long trade with small stops ( 20-25 pips ) and aim for 6500-40. Anyway if it doesnt reach POC zone we could try to buy on mini dips as GBPUSD is bullish.

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  • #18,155
  • Edited 7:47am Jan 9, 2014 7:35am | Edited 7:47am
Quoting T@rantula
Today we have seen a corrective jump to the upside. Ideally price should get to 3630-50 where 3630 looks like a good shorting opportunity and stops can be tight there. We have also previous top and inner trendline intersection ( marked with X ) which stands around 3632 and there is a cluster of resistance up there between 3630 and 50 so I think it will prove a good zone for shorting. Targets are 3585 and 3550. Still as I told you a couple of times before, only a break below 3550 will aim for 3520-15. {image}
3630 to the pip. Locked +30. Look where price rejection was . 3632! TO THE PIP!

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  • #18,156
  • Jan 9, 2014 8:59am Jan 9, 2014 8:59am
Hi T
Just a quick hello - its been a while for me but I was looking today at your EU post and while agreeing with overall sentiment, I was nowhere near as perfect as you were Awesome analysis as always, hopefully i can contribute a little here and there
  • #18,157
  • Jan 9, 2014 9:24am Jan 9, 2014 9:24am
Quoting pipmyride
Hi T Just a quick hello - its been a while for me but I was looking today at your EU post and while agreeing with overall sentiment, I was nowhere near as perfect as you were Awesome analysis as always, hopefully i can contribute a little here and there
Welcome back Mark!

Feel free to post the analysis and comment
  • #18,158
  • Jan 10, 2014 6:53am Jan 10, 2014 6:53am
Lets see NFP results and market reaction. Its due in 40 mins.
  • #18,159
  • Jan 10, 2014 7:12am Jan 10, 2014 7:12am
Because ADP results were good, NFP could be better then expected. In that case we may see EURUSD down to 3495. Still, dont exclude whipsaws.
  • #18,160
  • Jan 10, 2014 7:39am Jan 10, 2014 7:39am
very bad results that don't go together witH
Adp so euro usd is jumping we will see what will happen in the next few hours possibly there will be good setups for new shorts
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