lol- yeah snb def made eurusd spike nicely @12008, isn't it great when everybody is 'right' yet 'wrong' all at the same time. as i speak its back to 11930 , that snb announcement doesnt seem to have had much of an underlying effect of reassuring anyone, does anyone think that 50point blip might be enough to carry momentum down past 11903 intraday low ??
i have eurusd support @ 11827-30 on my charts.. it seems to fit the fibs slightly better and 11827 was a support month in feb2006, jan2006 monthly low pushed down to 11803ish so never broke the critical 118 level it was tested twice in 2006 , so question ashraf/anyone, could we bounce hard off this support level or will we punch through with conviction to test new lows could we see some sideways action around this level for a few days/weeks before any decisive break forms? interesting ashraf notes that loonie is doing well, so maybe we will have a fight for a 118 support breakdown if the dollar isnt in that great a shape (looking at jobs data its not looking very clever atall). Also with euro fiscal/ sovereign debt tightening, could this now signal the end of the recovery, if so where does this leave china exports?? seems like globally the huge fiscal stimulus engaged by g20 last year , now seems to run aground, politicians have lost their nerve, but surely withdrawing fiscal stimulus this early is akin to what happened in the great depression ? ie a near 1.5yr rally followed by another leg down. Is it me or do the fundamentals and charts have an ominous air of double dip about them?
ok, ashraf, i put my hands up and admit you were completely right eurusd 1.25 and looking to test 1.24 , very good analysis, they say if you quote either quote a price or quote a time frame but NEVER both!
btw for this to convince me this is a head ill be looking at 1015 resistance (fib level) but really 1120 would be a lovely head, this previous head seemed more like an aberation created through a rally/bounce off the top trend line and retest then of fibonacci support ie sel fulfilling prophecy of traders trading the levels without any REAL conviction.
i was never convinced this was a true H&S anyway. The trendline from march shows a classic sideways action back through the tramlines then a recovery (last 10days) back into the tramlines testing the upper trendline again. now i think this is the start of a REAL head forming now that the left shoulder has garnered support.
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ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
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كيف تنخفض نسبة التضخم في بيتكوين تحت نسبة تضخم الذهب و ما يعني "صلابة" بيتكوين كعملة او إرادة؟
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Also with euro fiscal/ sovereign debt tightening, could this now signal the end of the recovery, if so where does this leave china exports?? seems like globally the huge fiscal stimulus engaged by g20 last year , now seems to run aground, politicians have lost their nerve, but surely withdrawing fiscal stimulus this early is akin to what happened in the great depression ? ie a near 1.5yr rally followed by another leg down. Is it me or do the fundamentals and charts have an ominous air of double dip about them?