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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 100
Posted: Feb 22, 2010 5:00
Comments: 100
Forum Topic:
Trading, Analysis (Technical/Fundamental)
Discuss Trading, Analysis (Technical/Fundamental)
Where is that Paid-Pimp HOMER ANALYSTS who pimped AUDUSD at 0.8945 earlier today, saying it was going to 0.9000 TODAY!
Where is that Paid-Pimp Aussie Deputy who two days ago pimped AUDUSD and got innocent people to buy at 0.9070.
AUDUSD is at 0.8800. OUCH!!!!!!
Where are the Westpac WEATHERMEN ANALYSTS telling us which way the wind is blowing?
On a weekly chart pair is approaching the 200 SMA, after about 4 weeks of SEK gains. Daily chart is showing it is ready for a bounce off 200 SMA (Slow Stochastic ). I know the fundamentals are in favour of SEK, but isn't everybody that wanted to go short already did so. I think there is respectable bounce on this pair, on a first sign of pressure release from Euro. Many already made good many on a trade, so there is no reason not to jump ship, and enter at more favourable position. Combination of respectable resistance and some positive euro sign, there is some pips to be made on this pair, and , of course, i know it is very riky.
I would be glad to hear opposing views.
b.
Have you seen Chris Vermuelen's most recent blog? His slant is somewhat different from Ashraf's.
I know he won't thank the RBA for trotting out that silly deputiy earlier today to "talk-up" the "strengthening" local currency, instilling confidence in the markets, bringing on that huge surge of risk in early-European trading today.
So I'll do it...thank you, thank you, thank you Mr. Deputy....
This is the last stand to protect gold above 1102/1098. Who will get the honors? The PPT? RBA? GOLD(man)? My money is on the PPT to come in first...