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678 Posts Total by "montmorency":
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montmorency
(Abingdon, United Kingdom)
74 Posts by Anonymous "montmorency":
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montmorency
Abingdon, UK
Posts: 610
14 years ago
Jan 20, 2010 20:22
In Thread: Euro's Dead Cross
(Like Rob, my vote on Twitter was also with a different nickname to the one used here (this one is common enough to have been taken already in what is presumably a huge user population, though I didn't check) in case you thought I didn't vote - I definitely did :-) )
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jan 20, 2010 17:16
In Thread: EUR Trade Index 18-Year Chart
Ashraf: I'm still finding it kind of hard to believe EUR/GPB's continued tumble.
Could it get down to 0.8660 in the near-ish term?
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jan 20, 2010 13:12
In Thread: Euro's Dead Cross
Ashraf: Your twitters and much other work really appreciated - thank you.


Looking at the daily chart for cable, do you think that it will have to get down to the lows of Friday (1.6210 or so) today to confirm its downward turn? (or if not today, then soon)?

On my chart I have converged EMAs 200 & 150 acting as resistance-turned-to-support, which today would be around 1.6220, which it would have to break.

There would seem to be plenty of downside potential below there.
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jan 19, 2010 22:27
In Thread: GBP Trade Index 18-Year Chart
@Said: Yes, maybe. Got to clear the 1.63 region first though, IMHO.

("Disclosure": my judgement may be biased, as I _want_ it to go this way :-) ).
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jan 19, 2010 22:21
In Thread: Euro's Dead Cross
USDX: On 1H at the moment and Daily chart, this is looking somewhat bearish to me, price-action-wise.
May just be indicating a pullback though, rather than a reversal.
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jan 19, 2010 21:33
In Thread: GBP Trade Index 18-Year Chart
@Said: - Direction?
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jan 19, 2010 17:22
In Thread: GBP Trade Index 18-Year Chart
@PippedOff: "The analyst wrote "Gbp to move higher because it is the only pair not trading in a range".

Hm....on a weekly chart, that's exactly what it IS trading in. Mind you, on that basis, it could go to about 1.69, so this still wouldn't be good news for dollar bulls.
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jan 19, 2010 14:42
In Thread: More Euro Losses Ahead
@Jamshed: Interesting analysis, thanks. The old problem of technicals versus fundamentals. Which does one give more credence to?

Well today's dollar rally seems to be faltering, and cable's plummet has been arrested for the moment.
Whether it will regain the dizzy heights of ɭ.64 in the near future remains to be seen.
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jan 19, 2010 12:04
In Thread: More Euro Losses Ahead
Cable falling nicely. Is this the big one?
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jan 19, 2010 11:30
In Thread: More Euro Losses Ahead
"UK 'to grow faster' than other major economies"
- Just to add to the conspiracy theory, I wonder if they have contributed to Gordon Brown's re-election campaign?

Anyway, the UK Inflation report took out my EUR/GBP longs :-( Not one of my better trades. (But then, none of them is ...).
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