- Search Energy EXCH
-
jsspmk replied Apr 10, 2010But those are hourly charts & it's a longer term down trend, a trend change of an oscillation is one thing, major trend reversal is another.
EURUSD
-
jsspmk replied Apr 10, 2010Is that a bad print on futures, according to multiple sources there is a June contract close @ 1.3456. url url
EURUSD
-
jsspmk replied Apr 10, 2010I don't buy the ATR argument, because we all know that when Euro moves away from a critical level it can move way above its atr. I look at it that price failed to take out 1.35, but because it didn't bounce of it either leaves me at 50/50 odds about ...
EURUSD
-
jsspmk replied Apr 10, 2010April 10 (Bloomberg) -- Germany is prepared to give Greece loans at below-market interest rates, dropping its opposition to aid subsidies in a compromise over the terms of a lifeline for the debt-stricken nation, a European government official said. ...
EURUSD
-
jsspmk replied Apr 10, 2010Outcome remains to be established, like I asked Malcomb yesterday about Eur's inability to close above 1.51 as that is the level it must take out. We have now witnessed strong action of 1.32s now follow through is required otherwise it will be a ...
EURUSD
-
jsspmk replied Apr 10, 2010Rogers suggested numerous times, as he does, that letting Greece default will let Euro run after perhaps a brief fall, that makes sense. He also believes that it will not be allowed to default, but instead will be offered loans to keep it adrift ...
EURUSD
-
jsspmk replied Apr 10, 20101.35 will tell the story, if price settles above it then there are a bunch of reasons why Eur is likely to head to 1.39-1.4. There is a death cross happening there on weekly, it also 50% of last Q1. Dow30 is getting very close to its 200 average on ...
EURUSD
-
jsspmk replied Apr 10, 2010The trouble with their bailout is that Germany is not willing to lend at 'non Market rates' & for Greece they are unacceptable. Also, IMF says that any loan will have to be met with IMF conditions attached, how does Trichet explain that? They ...
EURUSD
-
jsspmk replied Apr 9, 2010On the other hand check out the weekly line chart, when in the past eur was falling of a cliff on a bigger scale Eur hardly ever reversed without a second dip, so far there was just 1, again line chart. Secondly, weekly trend line still there. Next, ...
EURUSD
-
jsspmk replied Apr 9, 2010USD hasn't broken the rising weekly trend line, nor has it broken support, same for Euro but opposite, so you may get your gift if counter trend signals retracement or you get nailed by trend line hold.
EURUSD
-
jsspmk replied Apr 9, 2010Where can we go from here — This is weekly USD index. If it retraces to Support, then it represents a 1.9% move=EUR/USD to ~1.372, if however USD goes all the way to trend line it would represent a 6% move=EUR/USD to ~1.427 Longer term traders ...
EURUSD
-
jsspmk replied Apr 9, 2010Only time will tell whether there is conviction in today's strong move if not, then EUR will come down twice as fast as it went up.
EURUSD
-
jsspmk replied Apr 9, 2010A push through daily upper trend line towards 1.351 for a re-test.
EURUSD
-
jsspmk replied Apr 9, 2010I have it at 1.3388 as 50% of Low - Close range. So bulls have the upper hand for now.
EURUSD
-
jsspmk replied Apr 9, 2010Weekly chart is well close to 200 average, Daily re-testing recent high, normally that would be a distribution phase & not accumulating one.
EURUSD
-
jsspmk replied Apr 9, 2010It's a battle between 1.3266 (March/Q1 Low) & 1.351 (March/Q1 Close), clean breakout required. They just tested the Low, likely they will test the Close next. But a tough call.
EURUSD