EURUSD - Trends, Forecasts and Implications (Part 1) - page 935
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Axel
LONDON, Feb 5 (ANI). /Dow Jones/. Sliding charts for 24 hours:
And I believe it so far
The Euro/Dollar pair, yesterday, managed to reach the expected target. Momentum is showing positive signs, which makes us expect a correction to the 38.2% Fibonacci level, before resuming a bearish move with an initial target of 1.3500. It is important that the 1.3850 level remains intact. In addition, it is important to pay attention to the US data at 16:30 Moscow time.
The pound continues to move within the descending channel and is currently approaching support. Positive signs from Momentum, may cause the pair to start a slight bullish correction before resuming a bearish move. The main trend for today is bearish, with a move target at 1.5600 and then 1.5585. Keep in mind the importance of 1.5850, for a bearish scenario. There is a strong support at 1.5700 and a break-down of this level will accelerate the downside movement.
In the pound, 1.5700 flew in the course of 3-5 minutes without realizing :) that it is strong.
Criticism accepted - I don't know the angle of the zigzag
Axel's stories - continued
LONDON, Feb 5 (ANI). /Dow Jones/. Moving charts at 24 hours:
EUR/USD during the day: In a dominant downtrend, the pair hit new lows of 8-9 months and should now reach the target level of 1.3653. However, as long as the pair's rise is limited to 1.3845, there is room for a deeper drop below 1.3653 towards 1.3500. Only a rise above 1.3845 will improve the pair's tone at this stage.
EUR/USD on the weekly chart: Downtrend.
US Dollar/Japanese Yen pair during the day: The pair continued its sharp decline from Wednesday's high of 91.28 and hit a new short-term low. As a result, short-term downside investors took control and renewed pressure on the 88.55 level. A break below this level is expected to target the pair for a higher reactionary low of 87.36 on December 9. The 90.40 area poses a strong obstacle to corrective gains.
US Dollar/Japanese Yen pair on the weekly chart: Downtrend.
GBP/USD on the day: The bearish investors who are now dominating the trade regained control and the pair continued its slide to new 16-week lows from Wednesday's high of 1.6070. The focus is on the October 13 low of 1.5708. However, given the strength of the downtrend, there is room for a decline to deeper target levels of 1.5661 and 1.5606. Only a rise above 1.5886 will allow the pair to take a breather and target 1.5920.
GBP/USD pair on the weekly chart: Downtrend.
US Dollar/Swiss Franc pair during the day: The pair rose sharply as part of a strong overall uptrend. It surpassed the 1.0723 target level, hit new 5-6 month highs and is targeting 1.0800. While the corrective decline is capped at 1.0675, there is room for a breakout at 1.0800 and a rise to the lower high of 1.0885 recorded in August 2009. Only a fall below 1.0647 would worry upside investors.
USD/Swiss franc pair on the weekly chart: Uptrend.
Euro/British Pound pair during the day: The pair is showing a consolidation rise from 0.8603 and there is room for a further corrective fall below 0.8689 to the 0.8650 area. On the daily chart, the base of an inverted head-and-shoulders pattern is likely to form and a break of the neckline at 0.8762 will trigger a further rise to 0.8855. Only a fall below 0.8642 would indicate a decline in the pair to the low of 0.8603, which was the starting point of the corrective rise.
Euro/British Pound pair on the weekly chart: Downtrend.
Euro/Japanese Yen during the day: The pair shows a corrective rise from 121.57 and it is likely to test the area around 124.27. However, this area will attract resistance and renew downward pressure towards the higher low at 122.00 and the pair might retest the low of 121.57.
Euro/Japanese Yen on the weekly chart: Downtrend.
Euro/Swiss franc pair during the day: Friday was marked by the intervention of the Swiss National Bank. A surprising upward pressure on the pair emerged at 1.4551 and triggered a rapid rise to 1.4905. However, the pair should start consolidating towards the area of 1.4635. The pair's rise is likely to be limited by the level of 1.4777, which protects the lower high of 1.4850.
EUR/Swiss franc on the weekly chart: Downtrend.
AUD/USD on the day: Investors betting on declines are firmly in control and in an ongoing downtrend the pair fell to new 18-week lows and is likely to continue dropping below 0.8606 towards a support cluster around 0.8500. The key long-term moving average on the daily chart provides support for the pair at 0.8484. The 0.8790 area is expected to hold down the corrective rise.
Australian dollar/US dollar pair: Downtrend.
Criticism accepted - I don't know the angle of the zigzag
>> ballgames, ballgames )))
ПРЕДУПРЕЖДЕНИЕ!!!
Rover82 писал(а) >>
Если сказал Нироба сделай все на оборот... Интересно спросить, а что все остальные пары останутся на своем месте и золото тоже????? =)
Да и не забывайте про Грецию, так как ни как почти дефолт... Эт какие должны быть новости выйти, чтоб так тренд развернуть???
а может произойти резкий выброс цены с 1.40 к 1.5, А может и не произойти...
Yet once again I am convinced that this man is not sane... The promised U-turn never came, as I had to prove... You're funny Niroba... How do people believe you???!!!.... =)))
balls, balls ))))
2010.02.05 11:32:38 *Annual rise in UK producer price index in January - the biggest since December 2008
Maybe ... :)
Вот сдесь 10к
http://www.forexfactory.com/calendar.php
the market hasn't even really reacted... to the news... was it 8:30 GMT or what?
by the way i'm still alive, i've been on the plus side these days... but the pound moose was disappointing... closed with a loss(((