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  • #1,011,121
  • Jul 18, 2015 7:13am Jul 18, 2015 7:13am
Hi
what was Yellen Testifies?
Does she mention rate hike ?

looks 29 July tough day
  • #1,011,122
  • Jul 18, 2015 7:41am Jul 18, 2015 7:41am
Quoting ffleo
shake it {image}
Yeah
was checking all possibility between bears and bulls view
don't like stuck with one view with 1% i could b wrong i try to cover this 1%

Looks market will Dance like this if 1.07 break on daily and bulls will die for while
if 1.07 not broken I'm bullish
  • #1,011,123
  • Edited 8:57am Jul 18, 2015 8:41am | Edited 8:57am
Speaking from a pure psychological view, I do believe the EU will hit parity and even lower. It would also seem reasonable to at least test the recent (2015) support (monthly chart) level of 1.04xx. The USD bull market is still quite strong long term.
Taigen Profit This Month: na
  • #1,011,124
  • Jul 18, 2015 9:40am Jul 18, 2015 9:40am
Quoting ffleo
Swissy either turn around now at 9640 or a little higher at 9680. are these two number related to euro at 1.08 and 1.0760?
this week could have offered something positive for bull but now charts indicate to an end game for bull in longer term. for those who scalp this does not matter. there will be always bounces and retracements. i tried to build a long term leg from 1.09x but then saw i was on the wrong side. so selling euro against other pairs. keeping only a few eu positions open.

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As Above, So Below
  • #1,011,125
  • Edited 10:55am Jul 18, 2015 10:13am | Edited 10:55am
Quoting Taigen
Speaking from a pure psychological view, I do believe the EU will hit parity and even lower. It would also seem reasonable to at least test the recent (2015) support (monthly chart) level of 1.04xx. The USD bull market is still quite strong long term.

Everyone said it would og to parity or even 0,8 but at the same time the big money took profit at 1,06 and the euro decline stopped at 1,046 At this time Draghi also told the market that the rates were low enough, the figures in the eurosone staring to improve and Draghi also said that the quantative easing could end earlier than sep 2016.
The purpose woth the quantative easing is to keep the rates low.At 1,046 the rates were low enough and started to rise. This is why I expect the market to bottom abouth somewhere between 1,0460 and 1,06. As I have said before I do not think we will se a rate hike i september. I think that that the European and the FED are cooperarting to keep the euro low. Next time they will cooperate to lower the USD for their competivness. We have seen a very diffecult and confusing market the last 3 months.

I think the market would expect 1,046 again. Instead of trading the bottoming of the euro it is better in my opinion to search for the bottom for the euro and start to buy the euro.. When we have bottomed we never may see 1,06 again and that the future correct level for the euro could be 1,2 which is also low compared to 1,39 in may 2014 This will be competitative enough for the euro in the long term.. If the Greek problem is solved for now(3 years).We can look for improvements in the eurosone again. The Greek didnt dare to leave the euro but the Greek problem is not solved.but hopefully this will calm the market the next 3 years. Still there are many other countries in the eurozone with a lot of debt and the employment rate is still 11% in the eurosone..

I also think that the Swiss national bank have started to buy euros(intervere) again because they belive we are abouth to bottom. With this they saves a lot of money compared to keeeping the peg at 1,2. The knew that they couldnt buy euros down from 1,25 to 1,05 and let the peg go. The strong CHF are starting to hurt the Swiss and something will start to happend soon.

By the end of quantative easing in sept 2016(if it last that long) I think we will se the euro around 1,2
  • #1,011,126
  • Jul 18, 2015 11:11am Jul 18, 2015 11:11am
Quoting MissPips
{quote} I have to say I really find this indie to be useful. One thing you can do to make it easier is to load it over the weekend when nothing's running, with just one chart open in MT. Save the results as a template and then edit the template to change all RDL_ to RXL_ (for example). Doing this you can also load it more than one time on your chart (for example if you want to compare frequency during an upswing to frequency during a down swing. (Just save it as a template after you reload it and do the edit again.) In this way, you can have the...
Starting to miss you around here. Would you happen to have a chart of the US QE agasint DXY values? I seem to remember you posted one before
  • #1,011,127
  • Jul 18, 2015 11:13am Jul 18, 2015 11:13am
Quoting praviiii
expecting some more down in EURUSD {image}
70+ down and expecting more down in EURUSD
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  • #1,011,128
  • Jul 18, 2015 11:14am Jul 18, 2015 11:14am
Quoting MarianneOslo
{quote} ... I think the market would expect 1,046 again. Instead of trading the bottoming of the euro it is better in my opinion to search for the bottom for the euro and start to buy the euro.. When we have bottomed we never may see 1,06 again and that the future correct level for the euro could be 1,2 which is also low compared to 1,39 in may 2014 This will be competitative enough for the euro in the long term.. If the Greek problem is solved for now(3 years).We can look for improvements in the eurosone again. The Greek didnt dare to leave the...
Frankly, I think the fundamentals are used just to move the price point for central banks for whatever reason. The retail buyers and sellers influence the move a little but its the central banks that are the main pushers.

As I said, my position for my statement is pure psychology. Each currency must take its turn on the bottom or top; each have consequences. The long term trend has been down for over a year. It does try to be turning around but there is a lot of slop in turnarounds. We'll see but I'm thinking the EU has a ways to go down before we see a solid up trend.
Taigen Profit This Month: na
  • #1,011,129
  • Jul 18, 2015 11:20am Jul 18, 2015 11:20am
My thinking is doji-like movement that's around 2% from low to high with price currently near the center.
  • #1,011,130
  • Jul 18, 2015 12:03pm Jul 18, 2015 12:03pm
EUR/USD is headed for 1.0550 - 1.0500. Should it manage to break below that level we might even see it attempt to reach parity again.
  • #1,011,131
  • Jul 18, 2015 12:30pm Jul 18, 2015 12:30pm
It might open a small gap up on monday
  • #1,011,132
  • Jul 18, 2015 12:41pm Jul 18, 2015 12:41pm
Quoting ill_be_back
{quote} I think lowest it will go in this swing is 1.07200, Then a BIG Bounce UP
0780 would be enough for me to book some profits , and load longs
  • #1,011,133
  • Jul 18, 2015 12:42pm Jul 18, 2015 12:42pm
Quoting ill_be_back
{quote} GAP or not, I think Asia will take this UP to 1.089xx, London will bring it DOWN to 1.07200
Probably it will go down first and make people to short underwater ( im also shorted on 0860 not sure about that
  • #1,011,134
  • Jul 18, 2015 1:44pm Jul 18, 2015 1:44pm
People have different time limits. Some have 1 week perspektive . I have a 3 months perspective 1,0465-1,06 as a bottom target of the euro
  • #1,011,135
  • Jul 18, 2015 4:00pm Jul 18, 2015 4:00pm
Quoting MarianneOslo
People have different time limits. Some have 1 week perspektive . I have a 3 months perspective 1,0465-1,06 as a bottom target of the euro
I don't expect parity till the end of the year. Could be all wet. Doesn't affect my trading either way. Trend is the friend and retraces are great nab n grabs.
Taigen Profit This Month: na
  • #1,011,136
  • Jul 18, 2015 4:45pm Jul 18, 2015 4:45pm
blah blah parity..

To much wishful thinking and

There is no sign about parity, and even if it happens, so what.
After 1 to 1, what is the next possible. 0.8 after a year or again 1.50++

€ ist somewhere about 1.30- 1.40 compared to the$ and that is the goal
no matter where is it now.. imo.
How to opt out annoying user signatures ??
  • #1,011,137
  • Jul 18, 2015 10:23pm Jul 18, 2015 10:23pm
Quoting Toranaga
blah blah parity.. To much wishful thinking and There is no sign about parity, and even if it happens, so what...
I think that's what I implied. I'll do ok coming or going. No wishful thinking needed. Reread what I said.
Taigen Profit This Month: na
  • #1,011,138
  • Jul 18, 2015 11:16pm Jul 18, 2015 11:16pm
hate sundays cuase nothing todo , love sundays cuase market gonna open late night
  • #1,011,139
  • Jul 18, 2015 11:19pm Jul 18, 2015 11:19pm
Quoting edyraper
hate sundays cuase nothing todo , love sundays cuase market gonna open late night
What time zone are you in? I'm in the US here, so just under 17hrs.
  • #1,011,140
  • Jul 18, 2015 11:34pm Jul 18, 2015 11:34pm
Quoting ptoftangency
{quote} What time zone are you in? I'm in the US here, so just under 17hrs.
As Greg Graffin would say... "I feel sorry for the earth's population, 'cause so few live in the USA."
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