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  • #1,080,901
  • Nov 20, 2016 5:20am Nov 20, 2016 5:20am
I do not deny that we have a very strong trend down, but even 100-200 pips down does not negate the very strong triangle formation. Just there created a false breakout bottom. Next, however, will be very forces move upward.
  • #1,080,902
  • Edited 5:49am Nov 20, 2016 5:26am | Edited 5:49am
Quoting robin2003
What do we really know about Trump plans and how they affect the EURUSD?
Aperantly we know something and this is why the experts suggest the downturn for the EUR against the USD.

Quoting pipshaman
{quote} Trump want to make America great again, it means a strong USD.
Exactly. Donald Trump wants strong dollar to increase the domestic power of market. His actions will be focused on creating jobs locally and opening opportunities for increasing productivity and consuming power. He doesn't care about clima agreements and he is not interested in weak dollar in order to help other economies in South America and Europe. This means only one thing - higher and higher dollar index.
This will continue until the US economy gets problems with its own strength and begins to slow down. But until then there is only one direction for the dollar - up.

PS: All that in addition to the fact that EUR is at the moment in a long and dark tunnel. The truth is that the European economy is on a slow but sure improvement, but the political situation in Europe and the political outlook is pushing the EUR further and further down.

We will see soon 1:1

NaT
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #1,080,903
  • Nov 20, 2016 5:31am Nov 20, 2016 5:31am
Quoting F.g
{quote} Don, "bulls need 1.0851 to hold ..." You wanted to say 1.0551...???
yes was meant to say 1.0551
  • #1,080,904
  • Nov 20, 2016 5:42am Nov 20, 2016 5:42am
One thing that Trump should do for the dollar is a kick in the ass all the shamans and astrologers of monetary institutions and to set a long-term plan for the USD. Then every businessman will be able to plan and protect business. Rhetoric like: "maybe yes, maybe no, maybe, maybe, I do not know" leads nowhere.
  • #1,080,905
  • Nov 20, 2016 5:46am Nov 20, 2016 5:46am
Quoting arash66110
I do not think it is usd effect but I think it is eur effect . see usd/cad ,why it is not effected by trump? rbnz cut rate Thursday and aud ,nzd affected too. tonight we have France pre-election as well as deraghi testify on monday, they may change the trend . 1.075 -1.08 is a must before parity. if you could tolerate 500 pip stop , buy euro for at least 1.075-1.08 tp.
CAD is OIL affected, look at oil and youll see why CAD has sustained some strength against dollar...

RBNZ and RBA still pay the highest interest rates... it means their money is more attractive than others... hence why the drop is smaller than all other pairs...
  • #1,080,906
  • Nov 20, 2016 5:57am Nov 20, 2016 5:57am
Quoting Don96
{quote} CAD is OIL affected, look at oil and youll see why CAD has sustained some strength against dollar... RBNZ and RBA still pay the highest interest rates... it means their money is more attractive than others... hence why the drop is smaller than all other pairs...
oil did not change that much to affect the cad.2-3 dollar changed.
you could see stronger cad at very much lower price of oil or weaker cad at higher price of oil.
the main influence is the central bank policy.

rbnz intervention as they said on Thursday press conference is the main cause of aud ,nzd sharp fall
however they raise again on my view as the end year forecast for aud was 0.75 in the last forcast.
  • #1,080,907
  • Nov 20, 2016 6:31am Nov 20, 2016 6:31am
Merkel set to announce she will stand again in next year's German federal election
positive fore eur, waiting for outcome of France pre-election result
  • #1,080,908
  • Nov 20, 2016 7:02am Nov 20, 2016 7:02am
Quoting arash66110
Merkel set to announce she will stand again in next year's German federal election positive fore eur, waiting for outcome of France pre-election result
The question is Will she be elected. i guess not, as the populism gains big momentum not only in USA but in Europe as well. Having this in mind the destiny of the Euro can be even worse. so I don't see this as a good news for the EUR, but rather a as a bad news in the long term.

NaT
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #1,080,909
  • Nov 20, 2016 7:18am Nov 20, 2016 7:18am
Quoting NotAtrader
{quote} The question is Will she be elected. i guess not, as the populism gains big momentum not only in USA but in Europe as well. Having this in mind the destiny of the Euro can be even worse. so I don't see this as a good news for the EUR, but rather a as a bad news in the long term. NaT
It is really positive because one of the largest fx-mover said one month ago if merkel will not announce her stand before December, they will sell eur to parity, so one of main driver of eur to parity removed.
still france election outcome is important as deraghi's testify on Monday.
  • #1,080,910
  • Nov 20, 2016 7:37am Nov 20, 2016 7:37am
Quoting arash66110
{quote} It is really positive because one of the largest fx-mover said one month ago if merkel will not announce her stand before December, they will sell eur to parity, so one of main driver of eur to parity removed. still france election outcome is important as deraghi's testify on Monday.
This headline looks like this:

Merkel expected to say she will seek fourth term as German chancellor

As much as I understand she didn't say anything. It's just some people who expect her to say that and you are obviously one of them.
She is yet to say and confirm that, thus the article is attempt to market sentiment manipulation.

NaT
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #1,080,911
  • Nov 20, 2016 9:50am Nov 20, 2016 9:50am
Quoting arash66110
Merkel set to announce she will stand again in next year's German federal election positive fore eur, waiting for outcome of France pre-election result
positive for euro you say
  • #1,080,912
  • Nov 20, 2016 10:00am Nov 20, 2016 10:00am
Quoting venividivici
{quote} positive for euro you say
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  • #1,080,913
  • Nov 20, 2016 10:29am Nov 20, 2016 10:29am
Euro gonna dive down further in coming months?? Old news, I guess.
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  • #1,080,914
  • Nov 20, 2016 11:06am Nov 20, 2016 11:06am
Expecting a north gap, 1,0610/20 at opening. Draghi tomorrow will try to stop the "snowslide". Let's see what he SELLS and market reactions...
  • #1,080,915
  • Nov 20, 2016 11:49am Nov 20, 2016 11:49am
So I don't know why most of the people expect a free fall from the level that we have. Market can rarely move so quick in one direction. Before we have a parity EUR will test 1.11115 which is always very important level, either going up or down. Also before Trump is into the White House we cannot expect a move so big that will bring the EUR under parity or on the other side above 1.13 or something crazy like 1.2-1.3.
This is my view of everything happening. Of course I am wrong most of the time so...

Take care all
  • #1,080,916
  • Nov 20, 2016 12:13pm Nov 20, 2016 12:13pm
Quoting Dr.House
So I don't know why most of the people expect a free fall from the level that we have. Market can rarely move so quick in one direction. Before we have a parity EUR will test 1.11115 which is always very important level, either going up or down. Also before Trump is into the White House we cannot expect a move so big that will bring the EUR under parity or on the other side above 1.13 or something crazy like 1.2-1.3. This is my view of everything happening. Of course I am wrong most of the time so... Take care all
Hello!
You don't know why the most traders expect a free fall?! There is no technical or fundamental reason for EUR to test 1.1111. Markets don't just move 600 pips without a reason. In the prospect of what is happening in Europe and in the slope of the election in USA everything points to new lows for the EUR and new highs for the USD. Why on earth should EUR test 1.1111? Is it because of the situation in Italy, or in France or is it because of the Brexit. Or maybe because of the strong momentum of the dollar, or because of the coming rate hike in USA?!!!
Let alone the technical analysis and all the experts supporting the downtrip for the EUR.

So could you please enlighten us to why on earth should that happen?
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #1,080,917
  • Nov 20, 2016 12:23pm Nov 20, 2016 12:23pm
Quoting Dr.House
So I don't know why most of the people expect a free fall from the level that we have. Market can rarely move so quick in one direction. Before we have a parity EUR will test 1.11115 which is always very important level, either going up or down. Also before Trump is into the White House we cannot expect a move so big that will bring the EUR under parity or on the other side above 1.13 or something crazy like 1.2-1.3. This is my view of everything happening. Of course I am wrong most of the time so... Take care all
I think because most of people do not post here. If you see ff 317 traders are buyer and 186 traders are sellers.
I do not expect 1.11 soon but 1.075-1.08 should take place in two weeks and it is obvious parity do not happen this year.
but 1.04-1.03 may possible as some bigboyes said two weeks ago it is their target.
  • #1,080,918
  • Nov 20, 2016 12:31pm Nov 20, 2016 12:31pm
! There is no technical or fundamental reason for EUR to test ! Let alone the technical analysis and all the experts supporting the downtrip for the EUR. So could you please enlighten us to why on earth should that happen?[/quote]


When every media and ''expert''start shouting for parity ot whatever , its usually the end of the current trend .
Whether one should gamble on nailing the bottom/top of a move is another story discussed many times ....
  • #1,080,919
  • Nov 20, 2016 12:40pm Nov 20, 2016 12:40pm
1.06129

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  • #1,080,920
  • Nov 20, 2016 1:05pm Nov 20, 2016 1:05pm
Quoting robin2003
1.06129 {image}
XE is the world’s trusted currency authority offering a currency converter & other tools. XE Trade has facilitated billions of dollars in currency exchange.
https://mobile.twitter.com/xe

Hi robin! Is this supposed to be your real time price action provider, or the place where you exchange your money when you travel during your holiday?
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