Forum > View Topic (Hot-Chart)
by Ashraf Laidi
Posted: Jul 12, 2010 16:51
Comments: 43
View Hot-Chart
This thread was started in response to the Hot-Chart:

EURJPY Next Cycle Turn

 
ramadan9
tobruk, Libya
Posts: 1
9 years ago
Jul 15, 2010 17:35

Hello



Sakakibara Says Euro to Fall on EU ‘Disintegration’

Eisuke Sakakibara, formerly Japan’s top currency official, said the European Union is entering a state of “disintegration” that may drag the euro down to less than 100 yen.
http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=aCBG1DtrTTFs

Ashraf Laidi
London, UK
Posts: 0
9 years ago
Jul 15, 2010 7:30
Arigato Edi for those insights. we're seeing YEN STRENGTH emerging in Thursday trade, so this should take us back to the 111.50s but i do realize that i wrote thise HotChart when EURJOY was down at 111.30s. Sitting and waiting.

Ashraf

edi
Japan
Posted Anonymously
9 years ago
Jul 14, 2010 11:47
Strictly technical: the weekly candle-sticks show 3 (and 4 ) drives to the bottom (which floor traders used as a counter trend signal hence long). However, this market is building value (consolidating) at the lows (which means low prices 'sticky'). Even if it breaks your stop, it should,eventually, come back down again. Either way it's a tough call. Ashraf, on May 06 (weekly), we saw what I just learned is a Priming Thrust - extremely bearish. Have you come across this setup before?


Ashraf Laidi
London, UK
Posts: 0
9 years ago
Jul 14, 2010 9:41
The 113.10/40 described as a suggested area for stops. We are currently in the second straight weekly gain in EURJPY. The last time we saw 3 straight weekly gains was in January.

I am concerned with the potentially bullish weekly stochastciks, which may be suggesting a gains towards 114. But i wouldnt bailiut of here until until we see 114.30


Ashraf
Passion Trader
Singapore, Singapore
Posts: 52
9 years ago
Jul 14, 2010 1:19
Wow... E/J has gone above 113.00. EUR is very strong and JPY is so weak.
student
Malaysia
Posted Anonymously
9 years ago
Jul 13, 2010 17:18
Hello

Where can I find your analysis in plus ?
Ashraf Laidi
London, UK
Posts: 0
9 years ago
Jul 13, 2010 11:52
We briefly saw 110.70 overnight, but this looks to be heading further down. Look at the symmetry of the 3-hour chart.

Catahl, see my analysis on CMC Plus for more detaled analysis as well as my Tweets for targets.


Ashraf
Shariq
Aligarh, India
Posts: 2
9 years ago
Jul 13, 2010 9:59
Thanks for the precious advices
Stationdealer
London, UK
Posts: 715
9 years ago
Jul 13, 2010 9:05
Trapped in a relatively small range, mirrored in all yen crosses, barely looking for direction. Expect sideways work, probably above 109.50, this week. Above 114.00 might be too much to hope for. Possibly attempt very small longs at 111.40; stop/reverse below 111.00 for 109.50. First target 112.00/112.65.

Consolidating slightly EURO unsteadily. Expect more consolidation around 1.2600 this week, possibly inching up to 1.2800, as we get used to these new fractionally higher levels. The Euro is not overbought and momentum is bullish.
fi
Australia
Posted Anonymously
9 years ago
Jul 13, 2010 6:19
Thank u,Asharf. A set up with good risk/reward