Forum - EURCAD Fundamental & Tech Play (Topic)

DaveO

N.Cornwall, UK

Posts: 5733

14 years ago

Nov 23, 2010 0:01

Catnip.
http://www.businessinsider.com/chart-of-the-day-portugal-cds-curve-2010-11

catnip

Frankfurt, Germany

Posted Anonymously

14 years ago

Nov 22, 2010 22:22

If u use currency strength meter real time you'll see that GBP strength didn't change USD rose
CHF rose sharply and EUR fell. Thus neither EURCAD nor EURGBP could rise.
Interesting is that worries on Eurozone drove the currencies of eastern Europe down vs Eur, such as PLN, CZK, HUF .

Wally Bee

St Michael, Barbados

Posts: 2

14 years ago

Nov 22, 2010 22:04

Ashraf : Are you still confident in your projections on the EUR/GBP and on the EUR/CAD HOT CHART ?

Do these pairs mirror the meanderings of the EUR/USD ? When are you going to give us an update on these pairs ?

Thanks for your continuing prescient commentaries .
Wally Bee

Ashraf Laidi

London, UK

Posts: 0

14 years ago

Nov 19, 2010 0:59

EURCAD RECOVERY risks extending above 1.3945 (previous support), coinciding with the 55-week MA seen in the Nov 8 HotCharthttp://bit.ly/cEZhqv Looking at the weekly slow stochastics, the downtrend remains intact (as seen in the HotChart). Failure to close Friday above 1.3940s spells further losses ahead otherwise, euro bulls will aim at regaining the 1.4070. Fundamentally, euro may be propped by anticipation of an inevitable IMF/EU loan to Ireland whose objective is to alleviate bond yields. The discussions could carry on into next week, which is likely to keep EURUSD confined between $1.3550 and $1.37. Note the main reason to euros Thursday drop was robust US data (Philly Fed & jobless claims). CHF WEAKNESS competed with YEN WEAKNESS as EURCHF and USDCHF were among the sharpest gainers. The EURCHF right shoulder in 1.3490 was broken swiftly, invalidating the H&S called yesterday. USDCHF will likely consolidate around 0.9870-0.9980, but weekly chart continues to suggest parity break-out towards 1.0150 and 1.0220.

Ashraf

Putko Mafani

Cape Town, South Africa

Posted Anonymously

14 years ago

Nov 18, 2010 18:34

Ashraf, what happened to the EUR.CHF H&S pattern? I guess problem is that already lots of retail forex traders are following you and it is good to use your calls as initial contrary indicators for squeezes. And that is what I am doing.
Another recent example is your USD.CHF buy call at 0.9800 with target 1.0100+ So a contrary trader has to sell at 0.9800 with a target your stop (which was at 0.9550) and then after the squeeze reverse long and follow your initial call.
Keep on the good work. Your calls are good. But smart traders have to learn better ways to profit from them.
Best, Putko

matteo

Italy

Posts: 1

14 years ago

Nov 18, 2010 17:51

Hi guys, are we still eyeing 1,3570? Or did we change target price?
Moreover where do you suggest me to put my stop loss?
Thanks a lot for the advices.

Mlck78

Singapore

Posted Anonymously

14 years ago

Nov 17, 2010 23:55

Hi ashraf. I am new to currency trading and would like to know if u are still confidence with your hot chart call for eurcad. It's currently at 1.387 and seems to be on a uptrend from h1 to day chart. What is your target for this pair?

DaveO

UK

Posted Anonymously

14 years ago

Nov 15, 2010 12:18

Ashraf, re your eurcad weekly hotchart my 55 WMA is higher than your's at 1.42 as of today, 17 year data on my chart.

The 38.2% level was also clustered with an important 100% symmetry target (1.4305) on the 3 wave potential corrective move up from 1.2450 low.

DaveO

N.Cornwall, UK

Posts: 5733

14 years ago

Nov 12, 2010 22:08

the usdchf stop at 9550 would have been a bummer for those in the trade as it is very rare we get any "luck" on spreads at a significant turning point. However, there was nothing to stop you re-entering supported by Ashraf's continued bias and your own analysis. Dropping down onto a small timeframe would find a tight re-entry position which would accomodate a tight stop a little above the original. Not all calls that anyone makes including Ashraf are going to be immediate winners. Some trades will inevitably get stopped out.

Its5oclockrighthere

Family Islands, Exumas, Bahamas

Posts: 1

14 years ago

Nov 12, 2010 11:33

Hey Ashraf, I'm making money on your USD/CHF call. I picked my stop a bit lower and didn't sell at the .9550 level because by then the move looked as if it had lost most of its momentum. You keep calling what you see. I appreciate every comment you have even if when I don't follow them.