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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 2338
Forum Topic:

USD

Discuss USD
 
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Ashraf Laidi
London, UK
Posts: 0
13 years ago
Jan 19, 2011 12:39
USD INDEX extends decline below the all-important 200-week MA (79.6) after closing below it last week. Note in the chart that the USDX never could close above the 55-week MA (blue).

The fact that the index has quickly reversed under the 200-week MA suggests the possibility for losses to extend towards the 3-year trendline support near 77. Note this trendline support did hold up in Nov 2009 and Nov 2010. In the event that USDX fell below 78, EURUSD would likely retest $1.37. EURUSDs weekly stochastics have improved significantly. Greek officials denied newspaper reports that Germany was considering a debt restructuring plan, which would allow Greece to buy back its own debt. The rumours pushed up Greece-Germany 10 year spreads 8.63% (highest since Jan 11).

Euro's latest advances occurred this morning after Irish PM Cowen won a vote of confidence to lead the ruling Fianna Fail party. The vote secures his position until Parliamentary elections are held in March.

Ashraf
chloethebull
Canada
Posted Anonymously
13 years ago
Jan 18, 2011 17:46
covered some eurusd @13360:)..not touchn any long usdcad yet ..as i see it its wayyy over infated loooking to cover well over 1.000:),, get long an strong an thats what she said...hehe looking forward to visiting jolly ol england:)gl guys
chloethebull
Canada
Posted Anonymously
13 years ago
Jan 18, 2011 17:42
lol im amazed @how much energy is wasted on bad mouthing each other.who really cares if one guy is a technical/fundelmental trader.take what that person is saying with a grain of salt or choose not to read his post but come on grow the fcuk up.where suppose to be friends/traders with the intentions of all of us making money.so stick to that thought an we;ll be more productive:) gl my trades are paying nicely..shorts-eurusd@13410..13425..long usdcad@9859...waiting on my shorts audusd an was too much of a pussy to short gbp:( can;t getem all:)
catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Jan 18, 2011 17:02
after London USDx stable EUR relative strength raise stopped. All political talk .
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jan 18, 2011 15:55
Diversity gentleman, diversity. I just wish cat was more tolerant and respectful of us chartist "idiots" :-)
subway90
Posted Anonymously
13 years ago
Jan 18, 2011 14:54
putko...

nothing will put sense into this CAT...
like i said before.. has something to do with his twisted ego.. and will do anything to get attention...
feel sorry for that dude.. who, in his own world thinks he's always right... maybe what he needs is professional help... :)
Putko Mafani
Cape Town, South Africa
Posted Anonymously
13 years ago
Jan 18, 2011 14:23
For example:
You were writing here that EURUSD will fall further when it was at 1.20s. Then EURUSD climbed to 1.40s contrary to your expectations. Then it fall to around 1.34 and you began to brag that you made 600 pips. Wow. You made 600 pips but just before that you lost nearly 2000 pips during the climb from 1.20 to 1.40.
Later on you said EURUSD will fall again when it was at aroudn 1.30. OK. But I guess if it clmbs first to 1.36-37 and then falls to 1.30 you will start to brag you made 600 pips. But just before that you lost 600 pips.
Net net you are losing money because your analyses lacks timing.
Putko Mafani
Cape Town, South Africa
Posted Anonymously
13 years ago
Jan 18, 2011 14:18
catnip, you have no point to question other people's methods (for example subway's) when we all are seeing that these methods are working as oposed to your arguments which we are all seeing that are not working.
Your arguments may be working from time to time but this is mainly due to swing nature of all markets and not because your arguments are working.
catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Jan 18, 2011 14:00
subway why not summer of '69 instead of of nov 2005..why not oct 2006...all arbitrary .
This is chart astrology it lacks any objective reference its all subjective wishful thinking.
Now a little puzzle... take logarithms base 10 ( or any other) of prices and or / date and draw a line... then go back to the linear data what has happened to the straight line?
Why isn't this "better" or is it?


catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Jan 18, 2011 13:54
well as some economists ... no economsist aren't chart astrologists-- have pointed out again and again the PBOC doesn't control inflation with RRR and in terms of housing fosters a bubble because what is described here is a how to create a bubble instruction.
It could well be PBOC is behind the curve interest rate hike is if it comes too late.
I think the US tsy has always fooled them with appreciation what they should have done is
hike rates.

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