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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.
 
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chloethebull
Posted Anonymously
14 years ago
Feb 5, 2010 2:19
hi ashraf, could i get a target for the usdx ..would like to know from you how much legs this usd rally has before heading lower..thanks
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Feb 5, 2010 1:37
Siraj, I will be going to Toronto in Mar for seminars. contact www.CMCMarkets.ca

Ashraf
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Feb 5, 2010 1:37
ROb, great !

montmo. thats a longer debate for another day (if EUR is better off in long term when PIIGs drop off) but right now any sign of country exiting Ezone would be ugly for EUR.

siraj, yes patience is great w/in reason.

Ashraf
siraj82aec
Toronto, Canada
Posts: 3
14 years ago
Feb 4, 2010 23:33
Thanks Ashraf - a good call on AUD/JPY and GBP/USD this morning, I recovered my yesterdays loss, which I took because of my impatience, patience is virtue in every aspect of life.....
montmorency
Abingdon, UK
Posts: 610
14 years ago
Feb 4, 2010 22:58
I wonder if the Euro would be stronger if certain countries WERE kicked out of it...
(not that I see it happening, either).
montmorency
Abingdon, UK
Posts: 610
14 years ago
Feb 4, 2010 22:57
"The folks on twitter broke the bank on cable, AUDJPY, EURJPY"

- Not forgetting #gold !!!
Rob
New York, United States
Posts: 305
14 years ago
Feb 4, 2010 22:00
Yes Ashraf - made money with EUR/USD and EUR/JPY today!  pips!! Thanks so much - I was able to sell (well buy really) and get back in for another leg down - I'm still holding shorts with stops in case we get a bounce before Asia---

sometimes it's tough when you can't keep your eyes peeled on the market every second. But still worked out thanks to seeing your calls on Twitter - you so deserve the Shorty Award! Thank you so very much!
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Feb 4, 2010 20:11
Rob, you did not tell me whether you made some money today. I called 1.5820 cable last night (8hrs before BoE decision when it was at 15880). yesterday called USDJPY today EURUSD AUDJPY and EURJPY. do NOT stick with pairs that are oversold or overbought.

chloe, may see bounce in EURCAD but depeneds how badly they miss. bounce would have to be closed promptly.

aviat, ill leave out the philos debate for now and see 1.32 but no nation will be kicked out of eurozone.

Ashraf
aviat72
New York, United States
Posts: 12
14 years ago
Feb 4, 2010 20:06
Ashraf:

Thanks for the great posts and twits. A few months ago I had commented on the forums that the Euro will face an existentialist issue and its status as a reserve currency will come under pressure. We are seeing some of those canaries sing now.

From your perch, how bad do you see the crisis become? This is a sovereign macro issue and may take a long time to play out but what is the end game you see here?

Thank You
chloethebull
Posted Anonymously
14 years ago
Feb 4, 2010 20:05
hi ashraf,i saw u talkn about the eurcad 1.47support if cad misses on jobs could eur rally if so what would be a good trade?thanks an any1 with insight can comment thanks
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