Hot-Charts
View Latest Hot-Charts | Hot-Chart Archives

Euro Nears the Support

by Ashraf Laidi
Apr 15, 2009 13:28 | 6 Comments

Euro Nears the Support - EUR Apr 15 (Chart 1)

Euro's retreat will likely intensify now that the ECB has officially announced it will unveil a package of non-conventional monetary policy measures in May, i.e. credit easing as the refi rate reaches 1.00% and the deposit reaches 0.0%. The trend line support (yellow) at $1.3170 is at risk of being breached, which would pave the way for the 50% retracement from the March 4th rebound, at $1.31. Subsequent losses seen stabilizing at $1.3030. Upside capped at $1.34.

 

More Hot-Charts

  • DAX40 Germany40

    Nov 22, 2024 17:50 | by Ashraf Laidi
    .

  • MSTR 545

    Nov 20, 2024 12:29 | by Ashraf Laidi
    Listen to the voice note sent to the WhatsApp Bdcst Group for detailed explanation of these charts - استمع إلى الملاحظة الصوتية المرسلة إلى مجموعة الواتساب الخاصة للحصول على شرح مفصل لهذه...

  • EURGBP Latest

    Nov 11, 2024 13:38 | by Ashraf Laidi
    There are two important messages from this chart. I will share them with the WhatsApp Broadcast Group shortly..
Hot-Chart Archives
Comments (Showing latest 6 of 6) View All Comments
Ashraf Laidi
London, UK
Posts: 0
16 years ago
Apr 16, 2009 12:27
Eben, which indicators exactly are you referring to? S&P daily stochastics are flattening, while VOLUMES are falling. Watch out 865-870 in S&P500

Ashraf
Eben
UK
Posts: 2
16 years ago
Apr 15, 2009 23:16
It seems all indicators are telling us that stock market is bullish and no more bearish movement again. Is it true?
Ashraf Laidi
London, UK
Posts: 0
16 years ago
Apr 15, 2009 17:46
FL, if we get stonng JPM earnings and decent CHina GDP figures, then that;s a great chance for stocsk to rally past the 30% bounce from the March lows.

Rob, Today's $1.3148 low may not be enough to call it a breach of the trend line ( we need to see $1.31). If you're short, then consider stops at $1.3240. Considering ECB's latest talk on easing, i see upsdie limited at 1.33.

TAHA, pls see aove reply to Rob.

Ashraf
taha
Cairo, Egypt
Posts: 50
16 years ago
Apr 15, 2009 17:19
Hi Ashraf ,
could you tell me simply , what is your recommendations for euro /usd in the next two weeks ? . and could you mention the key levels , please ? .
Thanks
Taha
Rob
New York, United States
Posts: 305
16 years ago
Apr 15, 2009 17:03
Hey Ashraf,

With equities in the green (right now) and US Ind Prod at -1.5 (I saw your comment on Twitter), are you sticking with EUR losses? I'm sure you'll say yes, but I guess I'm referring to very short-term. Also, if we get good numbers from the banks reporting this week and next, equities should rise and EUR after it, yes. Seems like equities is keeping EUR propped up. Bottom line, I can never tell which is more important, data or equities, what would you say? Seems like equities always runs the show when it comes to EUR. Thanks a bunch, and note that it's great of you to recognize/mention calls you've made that haven't gone perfect (eg: CAD)- it only validates your expertise, honesty, and integrity further. Thanks
FL
GuangZhou, China
Posts: 14
16 years ago
Apr 15, 2009 16:44
Hi Ashraf,

So looks like Operates should Meets undersells high or Meets buys up lowly,You think from this month, until to the ECB next meeting. Stock market's positive phase relatedness how?

Thanks
Francis
Report Reply