Forum > View Topic (Hot-Chart)
by Ashraf Laidi
Posted: Feb 9, 2010 19:52
Comments: 52
View Hot-Chart
This thread was started in response to the Hot-Chart:

Capping Euro's Rebound

 
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PippedOff
Canada
Posted Anonymously
15 years ago
Feb 17, 2010 15:39
DOW Transports in the red; DOW Utilities in the red; DOW, S&P, NAZ all at the days high.

Can't tell the PPT, RBA and GOLDman apart these days.

BTW, anyone see the link Ashraf tweeted regarding how GOLDman made billions in commissions through criminal activity with Greece swaps?
PippedOff
Canada
Posted Anonymously
15 years ago
Feb 17, 2010 15:35
The PPT just carted out Pres Obama to goose the markets, and tell us of the Great Jobless Recovery!
montmorency
UK
Posted Anonymously
15 years ago
Feb 17, 2010 14:46
GBP/USD: Again on the 1H chart, the 365 EMA appeared to act as a resistance (at 13:00 - 1.5804). However, the next and current bar is rather bullish (inverted hammer/pin). Maybe this pair "wants" to punch through that "resistance". That may or not play out, but if it does, for the moment, I'd still see that as a short term thing. Your mileage may vary.
forextrader
vologda, Russia
Posts: 127
15 years ago
Feb 17, 2010 13:51
Pipstar
The daily EUR/USD stochastic oscillator made divergence with prise action
And it is pointing upwards.
MACD cross over in daily, and RSI is pointing upwards ((all in the daily Chart))
I think this pair will find support at 1.36850,, lets see how it will play out,

But I still favour longing the Canadian dollar against USD, EUR and the Yen
Dima
Pipster
birmingham, UK
Posts: 111
15 years ago
Feb 17, 2010 13:16
Aslong as i'm in the same direction as Ashraf, I will go with the 4hr chart, went in at 1.3730 -
Pipster
birmingham, UK
Posts: 111
15 years ago
Feb 17, 2010 13:15
But then the 4hr chart shows its on a downtrend which ties in with Ashrafs view and people on this forum
Pipster
birmingham, UK
Posts: 111
15 years ago
Feb 17, 2010 13:13
Hi forextrader,

What chart are you looking at to see Eur/Usd Bullish. I am looking at my 1hr chart and the stocastics are point up. It looks bullish, but then I don't know how the experts say it's going down. Guys your thoughts would be greatly appreciated
forextrader
vologda, Russia
Posts: 127
15 years ago
Feb 17, 2010 13:03

Cad/Yen is up 100 pip since my call yeasterday, target 88.20 and follwed by 90.
GBP/USD. Eur/USD is bulish from tecnical point of view. target 1.5950 in GBP/USD

Diam
Eelman
Maine, United States
Posts: 93
15 years ago
Feb 17, 2010 12:58
Amiro

I think you need to ignore the daily news flow and focus more on the technicals. Nothing has really changed with Greece, the Euro was simply oversold. It was time for a counter-trend rally. Likewise, often great news can come out that should send a currency higher. However, if that pair is seen as overbought, traders will take profits and it will plummet. The news flow typically just provides moments in time that can be used as excuses for a rally or a sell-off. The logical common sense reaction to a news report is often the wrong hand to play.
montmorency
Abingdon, UK
Posts: 610
15 years ago
Feb 17, 2010 10:08
@Amiro: If you look at this article that Ashraf tweeted about ~1HR ago
http://www.bloomberg.com/bb/n/asBNXSLtlN9E

It seems that the Greek story (tragedy?) is far from over. Then there is also Portugal, Spain and Italy to think about. On the other hand, yes, I think you are probably right to suggest there is an element of news management going on. I believe this happens all the time.

Long-term I think the Euro will survive and prosper. But they have to do more than just paper over the cracks, or apply sticky plaster.
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