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by Ashraf Laidi
Posted: Dec 11, 2009 0:10
Comments: 198
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This thread was started in response to the Hot-Chart:

Euro's Third Down Leg

 
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tareq1968
jenin, Palestine
Posts: 5
14 years ago
Dec 17, 2009 19:42
Hello all if we see a deep correction in stock markets may be later next week we could see all majors to tumble against us$ (500-1000 pip), but we may see correction to up side for majors soon before that for about 100-200 pip
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Dec 17, 2009 19:25
Wasup, still allowing for gold to reach 1070 but not below that. GBPUSD recovery seen limited at 1.6200-20. we got few more data items from the UK tomorrow but i will be bearish cable in 2010.

mondo, we're starting to see it.

amg, maybe a rebound towards 1.4490 but the way this has been falling we coould well see 1.4270.

Ashraf
amg
Oklahoma , United States
Posted Anonymously
14 years ago
Dec 17, 2009 17:42
Ashraf, so far the eur/usd has cut throught every support w/out much trouble reaching all your called targets. Do you see any small rebounds in the remaining of the year before continuing its decline or do you see it falling the same way it has fell since it reached $1.51. Where do you see the new resistance?

Your comments will be very much appreciated.
thanks,

amg
mondo
portsmouth, UK
Posts: 22
14 years ago
Dec 17, 2009 17:36
ashraf do expect to see profit taking before the holidays
Wasup
dublin, Ireland
Posts: 54
14 years ago
Dec 17, 2009 17:35
Hi Ashraf,
Do you still bearish on GBPUSD expeting it to hit 1.6040?
And what do you think of Gold as it is coming down pretty fast towards 1090 level , you mentioned in your tv interviews that you are still bullish on Gold even if it hits 1070.
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Dec 17, 2009 16:44
Many thanks for your kind comments. $1.38 is becoming an increasingly popular target for EURUSD. Those who wondered why did i come up with $1.4270 target, it was my own calculated target from the $1.5134 high. $1.38 is 50% retracement. $1.55 remains possible in Spring.


Ashraf
Xaron
Munich, Germany
Posts: 528
14 years ago
Dec 17, 2009 14:39
I take that bet spec and say it will be above 1.50 in january/february again.
speculator
Posted Anonymously
14 years ago
Dec 17, 2009 14:11
it will retrace to just under 1.42 next week. 1.35 end of jan
ia17348
Lattakia, Syria
Posts: 2
14 years ago
Dec 17, 2009 13:23
and that's the problem,you don't know whether trend will continue down or there will be a retracement..
I closed my sell order at 1.4340 at profit 0(Luckily) ...

1.4346 is a point at an average line (3456 of 4H)....
And the USA unemployment claims at 13:30GMT....Difficult to expect..
forextrader
vologda, Russia
Posts: 127
14 years ago
Dec 17, 2009 13:16
It is the end of year Xaron, movement usually exaggerated, but I defiantly will not buy the euro now, because if 1.4270 breaks we could see 1.39
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