Forum > View Topic (Hot-Chart)
by Ashraf Laidi
Posted: May 21, 2009 16:22
Comments: 28
View Hot-Chart
This thread was started in response to the Hot-Chart:

EURJPY Headed Lower

 
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tarekalex
alex, Egypt
Posts: 14
15 years ago
Jun 1, 2009 21:05
mr ashraf
can talk about usd /cad what is next target ,what most important resistant & support point
where do you think it will revers the trend
thanks so much
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jun 1, 2009 14:40
forextrader, I do not expect 1.20 eurusd and i never bought into parity talk. check out the eurusd chart in my latest article with rising support along the channel at 1.38 an dtesting 1.4320 on upside. Key target stands at 1.47.


Ashraf
forextrader
vologda, Russia
Posts: 127
15 years ago
Jun 1, 2009 13:06
Hello Ashraf
I read on Bloomberg today that a Nobile prize winner in economy is predicting Euro reversal, and other analyst forecast Euro below 1.25 by the end of the summer. Do you thing this is possible?
I missed the recent rally in Euro dollar, if I want to enter long where shall I put my stop loss? Thank you
cougr
Australia
Posts: 101
15 years ago
Jun 1, 2009 12:59
"That HotChart of short EURJPY was totally wrong"

Ashraf , for the time being it appears to be wrong but I feel it is only a matter of time before the current upside momentum reverses and the downtrend resumes on this pair . 129 is the key level .
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jun 1, 2009 11:03
tarekalex, there's weekly rising channel in eurjpy since late Jan, whose support stands at 132 and resistance can extend to as far as 147. Seems USD is the only currency against which JPY is doing well. That HotChart of short EURJPY was totally wrong.

Ashraf
tarekalex
alex, Egypt
Posts: 14
15 years ago
Jun 1, 2009 10:33
do you think eur /jpy will correct to 133
tarekalex
alex, Egypt
Posts: 14
15 years ago
Jun 1, 2009 10:32
mr ashraf
do you think eyr/jpy will correct to day to 133.00
thanks so much
Ashraf Laidi
London, UK
Posts: 0
15 years ago
May 26, 2009 2:49
cougr, it's usually stocks and VIX that lead currencies. Last 24 hours has been dominated by yen weakness due to those North korean nuclear tests. each time there was trouble with N.korea, the yen always fell. whether it's a fishing boat accident or a nuclear test.


tarekalex, I see you are taking the other side of the trade. My short trade has definitely lost money here. I'm still bearish eurjpy as im confident that stocks will have a losing week (key week around 880 in S&P500 and 8,200 in the Dow). But if you are LONG eurojpy and targetting 135.00, then a stop must not be below 131.00


Ashraf
tarekalex
alex, Egypt
Posted Anonymously
15 years ago
May 25, 2009 17:10
mr ashraf
can you tell me about eur/jpy in long term
eur/ jpy = long term up trend for 135.50 , stop losing in 129.74
cougr
Australia
Posts: 101
15 years ago
May 25, 2009 12:01
Ashraf ,you mention in your book the mirror imaging between the EURJPY and the VIX . In regard to these two instruments I was wondering if one predominately leads and sets the direction for the other and if so which one typically leads. Thanking you in advance .
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