sharetrader
Page 3 of 90 FirstFirst 12345671353 ... LastLast
Results 21 to 30 of 896

Thread: EUR.USD

  1. #21
    Junior Member
    Join Date
    Oct 2004
    Location
    Waikoikoi, , New Zealand.
    Posts
    7

    Default

    Hey guys , do any of you think the NZ$ will head higher against US$ or will it bounce of long term resistance? , any moves higher carn`t be good for the economy.
    snow

  2. #22
    Legend peat's Avatar
    Join Date
    Aug 2004
    Location
    Whanganui, New Zealand.
    Posts
    6,232

    Default

    well i think its pretty obvious that the US has structural issues that will affect its currency , and that the general trend is for its currency to continue to weaken against most of its trading partners.
    That said, there has been a large adjustment already and i think from here on it will be a more volatile path.

  3. #23
    Legend peat's Avatar
    Join Date
    Aug 2004
    Location
    Whanganui, New Zealand.
    Posts
    6,232

    Default

    and in support of my previous question re reserve currency
    From the news
    " The fact the Eur/Usd trend is prompting some changes in investment decisions is likely to secure the longer term footing for Euro bulls, with Sth Korea's finmin today mulling altering the foreign ccy denominated bond issuances for 2005 to Euros from Dollars. This is significant and underscores the fears that foreign Authorities do not want to hold Dlr assets, with the change to Euros suggesting Sth Korea favour holding the Single ccy."

  4. #24
    Membaa
    Join Date
    Nov 2004
    Location
    Paradise
    Posts
    3,924

    Default

    .. however, within such a circumstance, who is brave enough to 'pick the winner'? when by definition the argument is saying there is emerging, or possibly will be, a replacement for the appalling badly managed global reserve currency, and it's still paper, backed only by the promises of ursury, hubris, avarice, greed and malice against the underpinning debtors (tax payers et al).

    To think the Euro will win this battle is outstandingly naieve given it's dubious birth lineage and unashamed support for the continuation of fundamentally flawed fiat currencies --- none of which have EVER survived the test of time. None.

    So --when-- the USD goes, who's prepared to bet on the Euro to replace it. Not I. There's seriously better choices; Gold, (& Silver) -in standard weights and measures-; or maybe the Dinar; or ... or ... or ...

    It is inconceiveable that the USD can sustain this obscene exportation of monetary inflation for much longer. We observe now the battle lines being drawn for competitive currency debasement; the second fundamental of a generational super-cycle Gold bull.

    JMHO of course, keen to hear yours

  5. #25
    action-reaction arco's Avatar
    Join Date
    Dec 2001
    Location
    AUD.NZD
    Posts
    2,877

    Default



    I have to admit it, I am in love - with Butterflies

    Heres the result of a recent Butterfly on the Eur.Usd. (Max 865 pips).

    Not bad for a little flutter!




    ___________________


    ___________________

  6. #26
    Senior Member
    Join Date
    Sep 2001
    Posts
    868

    Default

    Well done arco,for trading it did a nice double bottom just before the last hourly,see if it can get through 273ish for a long or if it's ress and short off it,JPY and CHF are going the other way as usual.

    Cheers
    Miner

  7. #27
    action-reaction arco's Avatar
    Join Date
    Dec 2001
    Location
    AUD.NZD
    Posts
    2,877

    Default




    A bearish Gartley is in the wings but Medium/Long term systems
    have not triggered their trailing stop yet.

    Seed Wave targets have been met, so top pickers may be
    looking btw 3428, 3489 and 3550 as possible reversal areas.




    ___________________


    ___________________

  8. #28
    action-reaction arco's Avatar
    Join Date
    Dec 2001
    Location
    AUD.NZD
    Posts
    2,877

    Default


    Short entered on 21/4 at 3104......
    Looking Ok and currently +115 pips.





    ___________________


    ___________________

  9. #29
    action-reaction arco's Avatar
    Join Date
    Dec 2001
    Location
    AUD.NZD
    Posts
    2,877

    Default


    Interesting EW count using Neely's rules
    (from the EW forum).





    ___________________


    ___________________

  10. #30
    Guru Xerof's Avatar
    Join Date
    Mar 2005
    Posts
    3,000

    Default

    Arco,

    I thought I recognised the chart!!

    This interpretation also appears on Fxstreet, posted by Karoll Inc on 18th April.
    http://www.fxstreet.com/nou/content/...hnicalanalysis
    I have monitored him in the past (when he posted daily on FXstreet) and found his recommendations wanting quite frankly.

    There may be something in it though, see another EW post today which calls for a low around 1.2940ish then back up above 1.31ish in further sideways consolidation.

    http://www.fxstreet.com/nou/content/...menu=forecasts

    With you on the sell EUR - shorted Friday at 1.3088, bght back last night at 1.2964 under one of the signal systems I follow.

    Looking to resell early/mid 1.30's tonight if seen - own view.

    regards

    Xerof

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •