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Posts by "fxtrader8"

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15 Posts Total by "fxtrader8":
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fxtrader8
(California, United States)
2 Posts by Anonymous "fxtrader8":
   
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fxtrader8
California , United States
Posted Anonymously
14 years ago
Jan 14, 2010 22:09
In Thread: EUR Trade Index 18-Year Chart
Hi folks,

We all like to use Fundamentals, and Technical Charts to navigate in and out of the markets but tomorrow an important event takes place -- a solar eclipse over Asia, Middle East and Africa. Maybe it's just coincidence but the Vix is back to the lows, commodities and still trending higher and dollar is still under pressure - and it seems there are less and less bears out there. So watch the effects of the eclipse in the financial markets in the next 48-72 hours as the planetary influence of the eclipse could be a trend changer in the opposite direction. Since the Sun rules governments watch out for some negative news out of the regions mentioned above. Just be careful because in August 2008 same solar eclipse followed huge rally dollar index from all time lows. Stars, charts, and fundementals.
fxtrader8
California , United States
Posted Anonymously
14 years ago
Jan 8, 2010 5:19
In Thread: Where do you see Gold by year-end?
Your right based on channel support $800 would be right. Even at elliot wave international their analyst target this price level. The USDX also is in the process of a multi month rally which based on Elliott Wave analysis targets the index to hit over the march 09 highs. In my opinion the USD might have "the best of both worlds" like Hannah Montana. If US economic fundamentals continue to be strong the dollar rallies with higher rate expectations and if risk aversion comes back to the market the there is no better ark than the USD.
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