Forum > View Topic (Analytic)
by Ashraf Laidi
Posted: Nov 24, 2008 3:56
Comments: 677
View Analytic
This thread was started in response to the Analytic:

EUR Trade Index 18-Year Chart

Daily EURO chart of 18 years of cyclical developments in finance & politics
 
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said
mulhouse, France
Posts: 2822
15 years ago
Jan 15, 2010 15:09
fx trader 8
they are my projections
EWI are perfect even if i dont have subscription.
always mind the LT trend and conter trend when u enter with EWI.
they got it right most of the time.
fxtrader8
California, United States
Posts: 13
15 years ago
Jan 15, 2010 15:06
Any of you trade on Elliot Wave analysis. I subscribe to elliot wave internationals weekly update letter and they are bullish on USDX . Based on their wave structure dollar index should start an multi month rally pushing the index to over the March 2009 highs, they also look at the equity market rally as a wave 2 bear market rally which means we are poised to go down in wave 3. Same goes for gold there wave counts show gold dropping to atleast $700.00
PippedOff
Canada
Posted Anonymously
15 years ago
Jan 15, 2010 14:33
Eur/Gbp has caught a bid too. Bad news for Cable
PippedOff
Canada
Posted Anonymously
15 years ago
Jan 15, 2010 14:32
Formation of a possible Bear Flag engulfing Gbp/Usd.

1.6270 is where it gets interesting
rkkashmir
Posted Anonymously
15 years ago
Jan 15, 2010 13:37
so what you are saying is the money cannot find anyplace better to go than to cable?
speculator
Posted Anonymously
15 years ago
Jan 15, 2010 13:29
why would money need to flow to europe and not any other region?? currency is currency and its all relative and not a regional decision
rkkashmir
Posted Anonymously
15 years ago
Jan 15, 2010 13:25
spec: those large players you reference are levitating cable through their cartel-like manipulation of eur/gbp, which BTW started its decent this weerk well before any economic data had been rel.eased from UK. That data was mixed at best.

The uncertainty short-term with eur is the sole cause of the cartel's elevation of cable to these levels. Money is fleeing euro and has to be reallocated elsewhere in europe. CHF is the logical choice, but perhaps the fear of SNB intervention helped the cartel to pimp cable through a 200 pip drop in eur/gbp.
speculator
Posted Anonymously
15 years ago
Jan 15, 2010 13:16
some of you seem baffled about cables short term upswing. it has nothing to do with safety. there have been some good fundamental piece of news this week which has made investors believe rates will rise earlier than expected and the uk economy may have existed recession.

you are trading in what we call a highly liquid market with small and large players no cartels.

with regards to the euro there is great confusion with analysts. the dollar is in a multi year bull against several currencies including the pound, euro and yen so pretty much the dollar index.i watch the index reach 80 during feb because: earnings negatative surprises and fed rate hike revisions.
PippedOff
Canada
Posted Anonymously
15 years ago
Jan 15, 2010 12:31
I saw, and exceeded. It was frustrating but well worth the wait.

So what is your take of the elevation of cable to "bastion of safety"?, and how the eur/gbp is being used to support the cable?

Looks like usd/jpy is toast. Ashraft called 90.50 before 95.00 for this quarter. You don;t seem to think so.
said
mulhouse, France
Posts: 2822
15 years ago
Jan 15, 2010 10:29
hi pipped off

the EURUSD targets are attained.
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