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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.
 
speculator
Posted Anonymously
13 years ago
Jan 29, 2010 2:17
it was obvious that the dollar had bottomed at dxy 74ish back in fall. it will probably finish up to 85 then we will see from there. what we have been witnessing is a bear market rally in risk assets and now we are most probably entering the risk bear leg which will not make new lows necessary.
Ashraf Laidi
London, UK
Posts: 0
13 years ago
Jan 29, 2010 1:25
Pipped, thks for filling in.

FXDamus, if you read the IMTs on this site and my constant tweets ( i work hard at these for you guys to benefit) you would have easily found that i was claling for 1.4980 in the interim for the day. But 1.38 was called since Jan4.

Rob, i still give GBP a shot over CAD and still see 1.7310 but Im only 60% sure. I was 90% sure when we were at 1.7180s

Ashraf
newman
Minnesota, United States
Posts: 6
13 years ago
Jan 28, 2010 23:53
Ashraf-- THANK YOU VERY MUCH for all of your comments/analysis on gold & silver. I don't trade currencies. Do trade gold and gold stocks, and find your analysis invaluable. And I predict, as more and more people turn to the precious metals to protect themselves in the years ahead, you'll get more and more people visiting your site for that analysis. (I tell everyone I can.) Thanks again, and all the best to you! --NewMan
momojo
New Jersey, United States
Posts: 4
13 years ago
Jan 28, 2010 20:18
Amen Pipped. Cartels, PPT.....market behavior over the past year always makes me wonder.
PippedOff
Canada
Posted Anonymously
13 years ago
Jan 28, 2010 19:12
U.S. PPT called in to defend 10K Dow, 1080 S&P, 1070 Gold.

They know all hell breaks loose if those levels are breached.

No need to ask. Of course Goldman is part of the PPT. Their bonuses are on the line.

Ashraf and his smarts and hard work called all this two weeks ago with the VIX chart!

Is CNBC still exhalting the masses to pour everything they have into U.S. stocks, particularly GE, to support their 401ks?

Will CNBC don those foolish 10K party hats when Dow 10K is in the rear-view mirror?
Rob
New York, United States
Posts: 305
13 years ago
Jan 28, 2010 18:54
In and out already! Thanks again!

Are you still seeing 1.75 for GBP/CAD? Considering S&P? And do you know what this pair correlates best with? Oil? Stocks? etc.? Thanks so much!
PippedOff
Canada
Posted Anonymously
13 years ago
Jan 28, 2010 18:47
Geitner just placed a call to the PPT. Those Americans and their beloved stock market. MUST defend 10k at ALL costs.
Rob
New York, United States
Posts: 305
13 years ago
Jan 28, 2010 16:01
Hi Ashraf,

Thanks for the EUR/USD target of 1.3960, worked out well! --- Can I get your thoughts on GBP/CAD considering the latest S&P news? Do you still feel going long is a good idea? Do you see 1.71 as a good floor? Thanks
PippedOff
Canada
Posted Anonymously
13 years ago
Jan 28, 2010 5:24
He's repeated over and over his target is 1.38, then possibly 1.26. It's laready retraced nearly 100 pips from the low.
FXDAMUS
Posted Anonymously
13 years ago
Jan 28, 2010 5:05
Hi Ashraf,
Do you have a opinon on EUR/USD Retracement?
I long @ 1.39774.My closing point is 1.42450.
How do you think about IT.