Posts by "digi"

http://www.efixpuls.pl/cotton2/dokumenty/analizy/dzienne/efixRD1_20110211.sxw-PIC-100000000000068600000342E71B2031.png

ALERT --
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U.S, Trade Report (bln):
U.S. -$40.58 vs.-$40.2 est. vs. -$38.3
Canada +3.08C$ vs. -C$0.18 est. vs.-C$ 0.8

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your friend inspector Clouzeau has run out of medication

Dominique Strauss-Kahn, head of the International Monetary Fund, thinks a new world currency would calm economic instability and curb the dollar's power

The 1.37 was cracked, but the market eventually topped of near 1.3740. We anticipated 1.3730 (61.8% retracement) level to hold. The current top is respecting this 61.8% fibonacci level, just with some elbow space.

- Now the decline is materializing, note that the RSI dipped below 30, after failing to rise above 70 during the most recent rally. This suggests the bears are in more control, even though we are yet to be convinced of a significant downtrend. For now, the 1.34, 1.3250 levels are the targets, with the near-term one at zone between 1.3510 and 1.3550.

- The 4H chart shows the possible head and shoulder forming with a neckline that is slightly tilted down, residing at the moment near 1.3550.