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jsspmk replied Apr 18, 2010Here is another suggestion looking at the weekly chart (shorter version). 1 test - 1.3434 (rejected) 2 test - 1.3818 (rejected) 3 test - 1.3434 (break out) 4 test - 1.3267 (rejected) 5 test - 1.3434 (break out) So now EUR is above 1.3267 & 1.3434, ...
EURUSD
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jsspmk replied Apr 18, 2010For now finding support at 20 daily average. I am still trade free for now. Need daily cycle to run its course.
EURUSD
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jsspmk replied Apr 18, 2010USD down trend based on yearly closing prices. 2009 put in a HL, will we see a HH in 2010? Line chart is based on Yearly closing prices. A big effort is clearly seen in 2009 to put in a HL, which was just over +1.5% on 2008 closing price.
EURUSD
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jsspmk replied Apr 18, 2010With so many tourists stranded no surprise to see demand for Euros
EURUSD
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jsspmk replied Apr 18, 2010Spot is too big to be manipulated, DX is another matter though. If its "destiny" is to be manipulated down, then Euro will rise. What happened recently with USD rising is flight to "safety" from one reserve currency into another. So far this sort of ...
EURUSD
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jsspmk replied Apr 18, 2010Forgot to mention that 82.4 was 23.6 fibs measured from hi to lo of multi year down trend.
EURUSD
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jsspmk replied Apr 18, 2010Here is Dow weekly chart I posted at fattail last couple of weeks ago, not saying this is the top, just likelihood of a pullback that may lead to something else.
EURUSD
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jsspmk replied Apr 18, 2010Another interesting statistic. So far Eur down trend stopped at 1.32s. That stop or pause coincides with USD re-testing 2008 close from below. Re-test created a pullback, but not a big one. USD sitting above 80 a historically key zone and below ...
EURUSD
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jsspmk replied Apr 17, 2010Malc, don't know whether you saw Tick chart I posted this week, that is a weekly Tick, circled events match moderate to big sell offs in stocks.
EURUSD
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jsspmk replied Apr 17, 2010Let's talk facts, It's been proven in a US law court by US scientists that those buildings could not have collapsed in a manner that they did, the Judge acknowledged that as an impossibility based on laws of physics. So if they were blown up by ...
EURUSD
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jsspmk replied Apr 17, 2010I recall being into divergences once, not anymore, I would keep an eye on divergences that happen on longer term charts, but intraday ones I have found to be 50/50 probability. How price reacts to levels is much more important. For instance here are ...
EURUSD
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jsspmk replied Apr 17, 2010I still think German courts will disallow bailout of Greece, I do belive that plan was agreed to try and bring optimism to markets, now that Greece is not able to borrow at those yields Germany will be looking for a way not to provide funds. They ...
EURUSD
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jsspmk replied Apr 16, 2010So this week USD retraced to its historically weighted 80 zone (1.36s Euro) and bounced of it to close the week Euro at exactly q1/march closing level 1.35. So for now it's between 1.35 & 1.36
EURUSD
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jsspmk replied Apr 16, 2010Dow ran into 200 weekly average & pulled back. So far this is all worth paying attention to IMO. It stopped right on daily rising trend line which leads me to believe that a big effort was made to hold panic sell off. Normally equity don't just fall ...
EURUSD
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jsspmk replied Apr 16, 2010why? Let them default, it would be more expensive to keep pumping money into Greece. They wouldn't be the 1 or last to default.
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jsspmk replied Apr 16, 2010Let's do a poll whether Greece will be bailed out by EU? I say they won't be. -1
EURUSD