Forum > View Topic (Analytic)
by Ashraf Laidi
Posted: Nov 18, 2008 3:15
Comments: 1310
View Analytic
This thread was started in response to the Analytic:

GBP Trade Index 18-Year Chart

Daily GBP (British Pound) chart of 18 years of cyclical developments in finance & politics
 
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redstone
bristol, UK
Posted Anonymously
15 years ago
Oct 15, 2009 20:14
Appreciated nzvik but what is causing such repid yen deteriation ?
nzvik
New Zealand
Posted Anonymously
15 years ago
Oct 15, 2009 19:59
New Pip,

GBPUSD is a tricky one to call - movement is large and in opposite directions over the last few days so in my opinion a dangerous play - therefore similar impact on GBP crosses.

On Aug 5 GBP peaked at 1.7040. On that day EURUSD was at 1.4440.

Now GBP is at 1.6260 - still 740 pips below its Aug 5 peak while EURUSD has moved to 1.93 nearly 500 pips above its Aug5 level.

If GBP is going to play catch up (it may not) you can guess where its headed. The move today is 2 times its ATR - more than 300 pips.
We could get a pull back though.
GBPJPY looks headed up - helped by GBP strength and Yen weakness - double whammy.

Tasha, AUD looks like a morning correction - this is coming back. Lets see it it breaks 92.30. AUD has a pretty strong correlation with Gold which is down today - read this before u trade more commodity currencieshttp://www.investopedia.com/articles/forex/06/CommodityCurrencies.asp
redstone
bristol, UK
Posted Anonymously
15 years ago
Oct 15, 2009 18:35
yeah what happened to GPB/JPY 138 this month ?
asad
London, UK
Posted Anonymously
15 years ago
Oct 15, 2009 18:32
The ENTIRE Form is under water and Ashraf is NOWHERE to be seen!! *lol* How funny is this? Smells like a Ponzi scheme... :p


Asad
redstone
bristol, UK
Posted Anonymously
15 years ago
Oct 15, 2009 18:29
Hi radu yeah im well under water with GPB/JPY cant believe my eyes. but cant ditch yen now gone to far. Need an equity pullback but none in sight. Anyone seen Ashraf ?
asad
London, UK
Posted Anonymously
15 years ago
Oct 15, 2009 13:41
Forum,

The US economic figures that have come so far point in the right direction. Even if the changes are minute, they're better than surveyed and those of the last time. Seems EIA will report reduced inventories (esp/ because Empire Manufacturing figs were better than expected). All set for oil to jump?

Interestingly, Dow went below 10K even though GS reported great figures. Signal?


Asad
tasha
dublin, Ireland
Posts: 4
15 years ago
Oct 15, 2009 13:40
im a bit confused, im long on Aud/Usd but it actually dropped down by 130 pips , so im down on this one too, shall i hold on to my trade? Ashraf was saying aussie is stronger then usd
tasha
dublin, Ireland
Posts: 4
15 years ago
Oct 15, 2009 13:34
Hi guys, anyone can explane whats going on wth Eur/GBP, it showed couple of bearish candles in the last to days but i didnt think it would drop down by that much, i was long on this one, so had to take some losses. Any other trades that are wortth jumping on right now?
Urvin
Dublin, Ireland
Posts: 2
15 years ago
Oct 15, 2009 13:17
Can anyone explain whats going on with GBP/USD and EUR/GBP. Whats are the support/resistance levels on both these pairs?? Ashraf where have you been....still in Barcelona? Any words of wisdom are really welcomed.
radu
bucharest, Romania
Posts: 203
15 years ago
Oct 15, 2009 12:28



OMG ,
I just wake up , i checked the account and if i don"t has a heart attack in that moment i think i am brave...:)))
Enyway my account is under water now ...
I ask again : an advice about the gbp/jpy and eur/jpy ? will be apreciated
Redstone how are you ? if i remember you was short in gbp/jpy
Tanks
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