[Archive!] FOREX - Trends, Forecasts and Consequences (Episode 6: August 2011) - page 185
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..perhaps... 4430... or 4480... on the news...
There was news in the terminal that the ECB is buying bonds, so we are going up, but don't forget that everyone is waiting for Beni's speech on Friday, it could change everything dramatically.
One can only wonder why the eu is so happy with the positive news in the US. The efficiency theory of the markets just rests.
What makes you think he's happy?
It seems to be standing still.
Trading Central's forecast is very good.
UR/USD medium term: The trend remains bullish.
Our pivot point is at 1.395.
Our preference: BUY above 1.395 with targets at 1.47 and 1.49.
Alternative scenario: A break down of 1.395 will open the way to 1.37 and 1.34.
Analysis : RSI will be supported by the uptrend line.
Key levels
1.5145 ***
1.4900 ***
1.4700 **
1.4457
1.3950 ***
1.3700 ***
1.3400 ***
Here is their current prognosis. But here's the sequence missing. First one pivot point, later another lower one. The targets are too high in my opinion. And that's with all the news about the Euro. The only reason it is holding so high now is because of Benny on Friday. If it was not for him, it would have gone down.
One can only wonder why the eu is so happy with the positive news in the US. The efficiency theory of markets just rests.
Probably because gold is falling.
What makes you think he's happy?
It seems to be standing still.