Discuss EUR/USD News with a DailyFX Analyst - Page 811 - DailyFX Forex Forum

CreativeSilence · #**12151** (**permalink**) 01-05-2009, 03:45 AM

Quote:

Originally Posted by CreativeSilence

I cosign that

Yearly resistance is currently at 1.46
Weekly resistance is currently at 1.417
Daily Resistance is currently at 1.40 and dropping hard.
Weekly Support is down at 1.386; a break there and we could see 1.36 easy.
Monthly Support is down at 1.28
Yearly Support is down at 1.243

1.5 I can't see either.
With 1200 MA lines, a spoon has already formed and a hood is about to in play within the next 5 days.
Between those 5 days, my bearish weekly triangle is going to die out, and the price will either dive up 400 pips to meet yearly resistance at 1.46 and fall back down, or eurusd will drop through the triangle and set a course back down to 1.24.
Weekly Triangle is bearish, so down movement is my prediction

Check it out...
http://www.creative-silence.com/090102eurusd.gif

Hood Formed...Down she goes!!

johnnys · #**12152** (**permalink**) 01-05-2009, 04:15 AM

is this what i think it is?
EUR going down down down?

for how long this time?

man i wish i studied economics in school.....instead of beer bongs

Emmanuel · #**12153** (**permalink**) 01-05-2009, 05:26 AM

Hello All

Am Emmanuel from Nigeria. Emm.. am kinda new to this forum and infact am new to live trading.

just wanted to say hi

Lol

Emmanuel · #**12154** (**permalink**) 01-05-2009, 05:42 AM

Hi all,

am kinda confused a little bit on price prjection which tells you how far price ation could run either north or south.

I gathered from my residual knowledge that I get the difference of the highest high and previous swing low if you were talking about price action breaching a support line or get the difference between the lowest low and previous swing high if price action was actually breaching resistance line. And from that differnce, you either add or subtract, as the case may be to the canlestick actually breaching the trendline.

But my question is, from where are we going to take the deductions from ( I mean the candle stick breaching the trendline?

BH-Eurofighter · #**12155** (**permalink**) 01-05-2009, 06:21 AM

hmmm

Why you dont follow gbpusd threade? There is much more
of eurusd than here

(and before not after movings

)

p.s. I have no time to write there and here between tradings and
there is more quiet

(more space for writings). But regard
more details inside intraday tradings I have on www.facebook.com

CreativeSilence · #**12156** (**permalink**) 01-05-2009, 08:10 AM

Right now EurUsd is @ the weekly support area (1.355)and COULD go to up 1.380 or possibly further to the daily resistance area of 1.387
Check it out...
http://www.creative-silence.com/090105eurusdforcast.gif

BUY...

qed · #**12157** (**permalink**) 01-05-2009, 08:20 AM

Those who bought the EURUSD on the news of ZIRP from the fed are firmly underwater now. Global risk is lessening and money is flowing out of the EUR into the NZD and AUD. Why would you want to get long in front of an expected rate cut? The U.S. dollar index has retraced 50% of its recent move. It looks like a good time for the USD to pause. Obamamania should push money into riskier assets.

arthurb · #**12158** (**permalink**) 01-05-2009, 08:41 AM

my january
all i can see here is a flag
triggered at the touch of the 200 EMA (61% retrace)
i am also chasing a bullish gartley (reversal pattern)

risk appetite soon in sight
FED beginning second phase
rate differentials to be finalized this month
usd strength days over

gods of the market
bless us even this month

johnnys · #**12159** (**permalink**) 01-05-2009, 09:55 AM

man i am getting the feeling you don't like USD so much...

Quote:

Originally Posted by arthurb

my january
all i can see here is a flag
triggered at the touch of the 200 EMA (61% retrace)
i am also chasing a bullish gartley (reversal pattern)

risk appetite soon in sight
FED beginning second phase
rate differentials to be finalized this month
usd strength days over

gods of the market
bless us even this month

arthurb · #**12160** (**permalink**) 01-05-2009, 10:02 AM

Quote:

Originally Posted by johnnys

man i am getting the feeling you don't like USD so much...

johnnys
my friend
please dont take it personally, this is just business
i follow my safest way to profit form almost everything i can
btw i am wrong 38,2 % of the times

if i hate someone
that is the idiot (bernanke)
if i love something
that is oil and commodities

TIGTRADER · #**12161** (**permalink**) 01-05-2009, 11:07 AM

I have Buying Signal on 4H.

Range 1.30-.132

Please see chart and Comments are Welcome.

#**12162** (**permalink**) 01-05-2009, 12:04 PM

my prediction is getting true. the USD will be strong at the end of the day.
Europe is always good on future prediction that does not realize. the US is working quicker and resolves problems faster. I guess that the EU hopes that if the US will be OK they will get along on the boat, as always.

qed · #**12163** (**permalink**) 01-05-2009, 12:29 PM

European banks have lent money all over the place across boarders. They are highly leveraged. It is akin to the Mexican Peso crisis where the U.S. had to bail out Mexico to save U.S. banks. Making cross boarder loans is stupid and dangerous because you are less informed than locals.

The U.S. has more of an internal problem, albeit a large problem. The U.S. consumer will be dead for a decade and so will Europe's. The future is in emerging markets.

The bottom line is that European counrtries will print money to save their banks and the U.S. will print money to save tthe consumer and the bank. Both efforts will fail.

#**12164** (**permalink**) 01-05-2009, 12:55 PM

I almost agree with you, qed.
the US and especially are making big mistakes. but what do you mean by emerging markets? the only market I see possible surviving is china, but also only because of their selfish policies which let themselves grow without letting anyone else. do you think that this behavior will be allowed to continue in the near future and in the long run? if not, then all of the world will be together. united we stand, united we fall and stand again thereafter.

TIGTRADER · #**12165** (**permalink**) 01-05-2009, 12:57 PM

Quote:

Originally Posted by qed

European banks have lent money all over the place across boarders. They are highly leveraged. It is akin to the Mexican Peso crisis where the U.S. had to bail out Mexico to save U.S. banks. Making cross boarder loans is stupid and dangerous because you are less informed than locals.

The U.S. has more of an internal problem, albeit a large problem. The U.S. consumer will be dead for a decade and so will Europe's. The future is in emerging markets.

The bottom line is that European counrtries will print money to save their banks and the U.S. will print money to save tthe consumer and the bank. Both efforts will fail.

THIS IS MR. Bush High School Project. "THE AMERO" maybe its coming.
He could not do it, because so much pressure on Economy, NOW this HERO Mr. Obama may have the Green light because no one will say NO.