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by Ashraf Laidi
Posted: Jun 24, 2009 14:06
Comments: 182
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This thread was started in response to the Hot-Chart:

USDJPY 4-week Cycles

 
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Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jul 29, 2009 14:24
raj, if bounce from 1.4030 then resistance to become near 1.4080.

Ashraf
14raj
Kolkata, India
Posts: 210
15 years ago
Jul 29, 2009 13:54
Ashraf,
I sold EuroUsd at 1.4230 nd 1.4270 range.Planning to book those at 1.4030 level.CanI expect a bopunce from that level?
Regards,
Rajib.
JackD
United States
Posted Anonymously
15 years ago
Jul 29, 2009 13:28
Thanks Dima and Ashraf for your replies.
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jul 29, 2009 13:22
Yes Jack, all that and USD is up. we had falling japanese retail sales. looks like JPy weakness it's temporay. Remmeber, not every 4-5 hour move has fundamental explanations.intersession repositioning, new hedges and large money flow orders are key in moving markets.

Ashraf
forextrader
vologda, Russia
Posts: 127
15 years ago
Jul 29, 2009 13:20
Hi Jack

Japan PM calls election Yen went down on political uncertainty , Stick to the USD for the time being http://www.reuters.com/article/worldNews/idUSTRE56K02820090722

Dima
JackD
United States
Posted Anonymously
15 years ago
Jul 29, 2009 13:07
Dear Ashraf,

What is with the USDJPY? Risk currencies and oil are down but Yen went down too.

Confused.

-Jack
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jul 25, 2009 11:43
I would not characterize this as USD strength but as traders' unwillingness unwillingness to extned the risk appetite trade in FX.

Ashraf
forextrader
vologda, Russia
Posts: 127
15 years ago
Jul 23, 2009 19:34
Hello rajesh68

Traders like me and you and many others , start to take profit when the Euro/USD reaches 1.427ish which pushes the euro down... in order for this level to be broken we need either a big news announcement or anther few days like today.

Dema
rajesh68
Singapore
Posts: 60
15 years ago
Jul 23, 2009 19:33
So far the reason for USD strength was risk aversion. Now in current rally, what factors are contributing to the strength of USd
rajesh68
Singapore
Posts: 60
15 years ago
Jul 23, 2009 19:29
assuming that most of the traders or investors would expect and accordingly trade EURUSD i.e. expecting that a big rally in stocks would weaken USD.
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