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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
It appears so, when doing a strength scan of EUR GBP USD EUR is not driven by economic fundamentals but by cautious hedging versus soverein default. These have always been looming. It is advisable to work with OCO placed at support marks. No chart astrology can predict whether or not an Irsish or Spanish bank defaults.
Your IMT November 11, 2010 15:26 ET mentioned EURUSD weekly death cross on 19 Jan this year & compared similar (i.e. both 55 & 100 wk MAs were above 200 wk MA when they crossed) recent death cross in weekly EURGBP with this EURUSD death cross. What I found was that the EURUSD death cross on 19 Jan was betwn 55 & 100 day MAs, not week. EURUSD weekly death cross occurred on 05 Apr 2009 instead as Farmer observed as well. What did we probably miss?
Thank you for your prolific quality Thoughts & Twits which many & I avidly follow. Have a great weekend ahead!
Leaders of the G-20 nations on Friday agreed to "refrain" from all-out currency warfare
but of course nothing is resolved thus I expect USDx to stay above 78 and eventually reach 80
while volatilty will be high and fx market liquidity will drop
"... markets are unlikely to show anything below $1.3750s ahead of the G20 meeting starting Nov 12"
Although we touched below $1.37, we never CLOSED below $1.37 or $1.3750
Here is that IMT http://bit.ly/94UwZc
Ashraf
Ashraf
Have same confusion as you. The EURUSD death cross on 19 Jan was between 55 DAY MA & 100 DAY MA, both above 200 DAY MA, which was followed by sharp decline to 1.188. The weekly death cross occurred on 2009/04/05 as you pointed out.
Need Ashraf to enlighten.
if ireland bondholders bite the dust 1,35 is target not 138
if moron Merkel gets a bang 13820 is possible
don't need any chart to compute that
maybe i'm an old fashioned guy.... sorry but i don't twit...
puzzo seem to be missing in action... maybe disgusted with his longs taken at the top?
happy weekend to all...