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

USD

Discuss USD
 
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DaveO
N.Cornwall, UK
Posts: 5733
12 years ago
Nov 11, 2011 0:29
usdchf kissed the 78.6% ret level coinciding with 100% sym at 9150, a level bound to have a beer stop reaction. 9257 next ? Trend line support on daily good and tight for short plays.
DaveO
N.Cornwall, UK
Posts: 5733
12 years ago
Nov 11, 2011 0:24
nice clear support level for DX
trump
London, UK
Posts: 7
12 years ago
Nov 9, 2011 7:34
Gunjack,

Like reading Chinese well I never,

Bottom line, the eur/usd returned to the underside of a corrective triangle which lasted from may to sept in the weekly chart, (cyclical price action) the only way was down (short) the $dxy of course completed the inverse at the same time, the only way was up, my view is, the pair are about to start wave 3 of 3 down,

These are longer term trades, lasting a number of weeks, Ive been short in eurusd since the 27/10 at 1.42164, and see no reason at this time to change the view,

Hope this helps, good luck with your trading,
Qingyu
manchester, UK
Posts: 1763
12 years ago
Oct 28, 2011 15:33
2 of 4 chinese biggest commercial bank have their chairman of board resigned, must be something going on.
Gunjack
London, UK
Posts: 1184
12 years ago
Oct 26, 2011 19:30
@Dave I agree about the UK. We need to get credit moving again otherwise will continue with the horrible stagflation we have at the moment
Qingyu
manchester, UK
Posts: 1763
12 years ago
Oct 26, 2011 15:37
ARM is a good UK company, they tend to work with HP on web server market with their cpu.
DaveO
N.Cornwall, UK
Posts: 5733
12 years ago
Oct 26, 2011 13:57
I tend to agree with that Gunjack, China will inevitably become less competitive, the balance of nations is constantly changing. Same thing needs to happen in uk, don't give up on manufacturing, design and R&D, get thinking caps on and get moving. We need to get our banks lending again to legitimate start-ups and small co's.
Gunjack
London, UK
Posts: 1184
12 years ago
Oct 26, 2011 12:03
@Qingyu I mostly agree with your analysis. There is a growing movement in the USA of buying local and many companies (samsung etc) are heavily re-investing into production in the US again. Wage inflation combined with intellectual property theft and transport costs are evening up chinas comparative advantage. Don't be surprised to see the US come roaring back in 2012-13
Gunjack
London, UK
Posts: 1184
12 years ago
Oct 26, 2011 12:00
Yo Trump tried to read your analysis but it was like reading chinese...Could you simplify? Cheers
Qingyu
manchester, UK
Posts: 1763
12 years ago
Oct 24, 2011 17:27
criminals like GS said publicly strong USD.
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