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DA
Careful with those Crabs buddy - the're protected ya know.
http://www.sharetrader.co.nz/images/smilies/wink.gif
These guys obviously read ST
Euro to Reach $1.4550 on $1.3852 Break, Citigroup's Charts Show
By Kosuke Goto
Sept. 11 (Bloomberg) -- The euro may advance to a record high of $1.4550 against the dollar should it break the previous high of $1.3852, said analysts at Citigroup Global Markets Inc., citing charts that predict price movements.
That would match the high for the euro's ``theoretical value'' between August and September 1992, before the single European currency was created in 1999. The measure is calculated using the spot rates of the currencies that were then expected to form the euro, including the British Pound, German mark, French franc and Dutch gilder.
``The 1.3837-53 area on the euro-dollar remains very pivotal in the `big picture,''' analysts led by New York-based global head of currency strategy Tom Fitzpatrick, wrote in a research note yesterday. ``A decisive break above this range would open up the way for renewed gains. This could possibly take us all the way back to the Aug/Sept 1992 highs around 1.4550-75.''
The 1.3837-53 area is not only ``the recent trend high, but also the major pivot point in 1995,'' Fitzpatrick said.
The euro traded at $1.3797 versus the dollar at 6 a.m. in London from $1.3802 late yesterday in New York. It reached the record high on July 24. Europe's single currency has risen 4.5 percent versus the dollar in the past three months.
In technical analysis, investors and analysts study charts of trading patterns and prices to forecast price changes in a security, commodity, currency or index.
To contact the reporter on this story: Kosuke Goto in Tokyo at kgoto2@bloomberg.net
Last Updated: September 11, 2007 01:25 EDT
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We have now reached the target area mentioned on 16th July (Post# 504)
quote..... Based on some medium/longer term active Gann calcs its
always possible 4150 will be seen
Currently the action is within a butterfly PRZ, with a major Gann just above circa 1.4200,
so always a chance of a some retracement in the near future.
Watching in the wings for a potential signal..............
rgds - arco
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major fib zone 14150 - 142 + patterns already discussed, i am anticipating some reaction however if this area taken out
next stop confluence around 145 zone , you got anything to confirm 145 arco
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DB
I mentioned on 23/7 - Post 508.
................and maybe circa 4500 to complete that big ol' brown
moth from (April) 2004-2006 (Nov05)
Depending on time frame there is an active Gann ovehead which
increases in value as each day passes. Tomorrow circa 4200
rgds - arco
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morning arco
can u post the pattern mentioned on previous post relating to 145 ,i cant quite get it
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Weekly Chart
DB
Heres that big ol' brown moth you requested
- given over 2000 pips for long term holders
You may also notice it was a profitable 400+ pip Gartley 50/886
that eventually turned into the moth.
rgds - arco
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so fib projection from pattern completion , i guess 127 takes it to 145 ish
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I make it.....................based on weekly chart
1272 = 1.4217
(1414 = 1.4505)
rgds - arco
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contemplating a short , fib zones 14180 or level up 14220