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by Ashraf Laidi
Posted: Jan 19, 2010 15:19
Comments: 147
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Euro's Dead Cross

EURUSD's downtrend is now confirmed after its 50-day MA has fallen below its 100-day MA, strengthening the bearish technical signal with an already deteriorating fundamental foundation.
 
Keivan
Tehran, Iran
Posts: 5
14 years ago
Jan 20, 2010 10:57
Hi Ashraf,

Why Cable is down with these couple of good UK news?

Thanks
Keivan
Celtic girl
Andorra, Andorra
Posts: 20
14 years ago
Jan 20, 2010 10:00
speculator....... what a clever boy, seriously though - good call
sub
UK
Posted Anonymously
14 years ago
Jan 20, 2010 9:45
ashraf - thanks for clarifying its a golden cross (and not dead cross) on usd index
speculator
Posted Anonymously
14 years ago
Jan 20, 2010 7:26
on sunday i called a short on euro.
MAG
Manitouwadge, Canada
Posts: 1
14 years ago
Jan 20, 2010 5:55
Can anyone tell me the correlation efficiency between Euro and Gold?
pipercoly
halifax, Canada
Posts: 5
14 years ago
Jan 20, 2010 5:11
I would have to say the man was "dead on" last november, to hell with jan 6, you could have been holding short since then. that being said i played the correlation trade which obviously was totally wrong. dx up mkt down. Should have put a forex trade on then.
alexforex
Florida, United States
Posts: 10
14 years ago
Jan 20, 2010 1:51
Ashraf,

right, It hasn't occured yet ... we are on the look out for it ... thanks for the heads up :)
adamcpf
Lisbon, Qatar
Posts: 58
14 years ago
Jan 19, 2010 23:42
Good evening,

Ashraf, could I ask your opinion on this report from Goldman Sachs saying the UK economy will outperform major economies in 2010? To which major economies were they refering to?

tks & rgrds,

Adam
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Jan 19, 2010 23:04
Alexforex, as i have argued on twitter earlier today, the USD Index has not yet formed a Golden Cross when using the 50 (or 55) day moving average vs. the 100 day moving average. so watch out for it soon.

WIll be on Bloomberg TV Wednesday 7.45 am GMT (2.45 am EST)

Ashraf
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jan 19, 2010 22:21
USDX: On 1H at the moment and Daily chart, this is looking somewhat bearish to me, price-action-wise.
May just be indicating a pullback though, rather than a reversal.