Posts by "14raj"

Ashraf,
Eur/AUD breaks one resistance under which it was trading for quite some time.Can we expect one explosive move in the pair.
Regards,
Rajib.

Ashraf,
May be its bit of a sure work for DOW to hit 10050-10150 range within this coming week (should be within next 6-10 trading days).Now if this technical assumption proved correct will EuroUsd can cross 1.4850 by a little margin(spot)?My personal feeling with some basic technical study say that from 10050-10150 range we may witness some deep selling in Dow. And Ashraf, there are two interesting Doji kind candle at USDJPY, is it a trend reversal signal for the pair/
Regards,
Rajib.

Ashraf,
the way USd/CAD and USD/JPY is behaving its something like they got some support at 1.0550 and 8800 level respectively. May be my long positions in these two pairs made me think like this. Thats I want to know your view. I have long in USD/CAD at 1.0625 and at 1.0525 and in Yen i have at 88.15 and at 89.00 levels.Even in one post you said that DX is taking support near 75. Can we see Euro/Usd at 1.4460 level soon?
Regards,
Rajib.

Ashraf,
though i am not so much fond of fundamental stuff but sometimes I have to digest those to sharpen trading. Is it possible in this present geo political scenario to think about Dollar dumping by the some nations (including some NATO members)?And if China is going to do that then the inflation scenario at their home front will be frightening enough coz their maximum foreign fx holding is in Dollar. I can remember one incident when Iraq was trying to sell oil in currency other than dollar in Saddam regime the result was two deadly Iraq war, Some time back Iran tried the same thing by launching one oil exchange traded on Euro and within a week their undersea cable got vanquished by some unknown( or known) reason. So is it that much easy to fund oil in other currency than USDollar in real term?And if this is a totally fuss will be their any joint statement lead by FED/US Treasury?Dollar dumping is bit unrealistic after the successful funding operation by US Treasury today. I just eager to know this little thing from you and from every respected forum members.
Regards,
Rajib.

AVG,
the question is not towards me but just sharing my thought....EuroUsd is heading for 1.4770-1.4790 range where a pullback should occur.
regards,
rajib.