[Archive!] FOREX - Trends, Forecasts and Consequences (Episode 7: September 2011) - page 92

New comment
 
Now I'm looking at the chart - maybe it's "fashionable" in the market to close the gap with a hairpin and go further in the other direction)))) just like a week ago)
 
Yes I agree, it's practically the norm. The gap on the eu overlaps. But usually not the next day, or the second. It was a bit iffy, though. When it went up, I didn't know what to think, I was cautious and it turned out for a reason. The market in the long term is clear, but only in the hourly dimension there is a certain amount of nervousness
 
I mean, if we don't go below 1.34 in the next few days, we might go up in the end, and we might go well...
 

should be up (not my drawing)


 
 

https://www.mql5.com/ru/forum/135428/page45#517935

Until the low of 1.35 is broken, we are at point "14".

 
andreika:
I buy in every 50-100 point pullback...
How are your purchases doing?
 
 

EURUSD

Prices have locked below 1.3560. This allows us to expect a further fall, with 1.3500 likely to be the primary target. The trend indicator OsMA on the 4-hour chart is confidently pointing downwards. At the same time, oscillators (SS in the oversold area) have marked a reversal in the opposite direction. Therefore, the possibility of a reversal should not be ruled out completely. On the hourly chart, OsMA is pointing upwards, thus confirming the assumption that a pullback is likely. SS and RSI are turning in a bearish direction.
In light of the above, in my view, it is advisable to wait for the situation to become clearer. Selling with a close stop loss should be considered only below 1.3530.

Support: 1.3530, 1.3500, 1.3460/50, 1.3400, 1.3370, 1.3340, 1.3300, 1.3260/50, 1.3200, 1.3160/50, 1.3100/1.3090.
Resistance: 1.3560, 1.3600, 1.3630, 1.3680, 1.3700, 1.3730/40, 1.3780, 1.3800, 1.3830/40, 1.3860, 1.3900, 1.3935, 1.3960, 1.4000, 1.4030, 1.4070, 1.4100, 1.4140, 1.4160/70, 1.4200.

(Akmos Trade)

 
s_aullma:
Let me sum it up: Twist to be, which makes the stakes low for a long time. Which in turn should mean a weaker dollar. Greece is implementing further reforms and measures to reduce the deficit, which seems to be good for the euro. Bundestag committee has approved an economic fund to support Europe and it will take some encouraging from the Bundestag itself but knowing the situation in Germany and the mood in the political circles it is a done deal. Again, it is good for the euro. A downgrade of Italian banks does not help the Euro but three banks were downgraded in the USA as well - let's say a draw. Question: So why is the dollar rising and the euro falling? Obviously I'm missing something. (Too bad Margaret isn't here to break it down for you).


I don't get it either. If the crisis is so severe in the states and Europe, why are the Aussie, Canadian, New Zealanders going down? They were the reserve currencies in the crisis. And just recently, the pound was bought cheap at 1.64. Now it is 10 kopecks cheaper. The price is going against the aggregate position of traders - I can't think of anything else.

On the EUR min 1.35 - now the same trend, the same resistance 1.3470 is not a breakthrough (trend is inclined) the daily trend is 1.3471 (but how many it has broken them). The most interesting is 1.34 Fibo (50%) being so close to it (breakdown of 30-40 points is ok - if it is by the candlestick shadow then it may be wider).

Total pivot point has fallen to about 1.3350. The next resistance is more or less settled at 1.2870

Profits to all!

1...858687888990919293949596979899...138
New comment