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Posts posted by DonkeyEgg
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I'm looking for another testing of 1.60 in the cable. Any opinions on this?
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Do you think the Cable will consolidate again towards 1.60: That's where I think it's heading now.
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Lina my friend! I'm also trading with Zulu. There's a strong group of Zulutrade warriors at the FXFatcat, with signal provider recommendations etc. Be careful though, you don't want to follow someone without full knowledge of the person you're following.
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Wonderful ladies and gentlemen of Collective Investments! I've stumbled across another golden infographic, but this one is on the UK Debt, over at GDD Financial.
In markets, it looks like the EUR could be hitting a high, ready for another down-leg.
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I think the 1.60 level is going to be the magnet, and price is going to be the iron filings. What do you think!? :p
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This is a perfect time for a long in my opinion on the eur.chf. I think the risk reward is stunning.
What do you think?
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1.3150 seems to be the resistence level which needs to be broken in the EUR/USD. Until that level is broken and closed above on the daily, I'm still bearish with an expected retest of 1.30.
What do you think?
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I actually can't believe it. The 1.20 floor has been tested on the EURCHF. A retest of 1.20 on the books maybe?
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I'm short EUR/USD with a testing of the 1.3185 support. That will be my take profit.
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It looks like the EUR/USD has stalled at the fibo 38.2%. Looks like a new test of the lows is on the cards. I'm expecting this to break down into the 1.29's
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I'm decidely bullish on the EUR/USD long term. I know all the focus is on Brussels and the new government in spain, but long term, it just isn't looking great for the USA. It's been said today that even more money QE3 could be printed in April!! This infographic says it all really, the U.S. is in deeper than they can get out (ZeroHedge, Forex). It's funny, I read an article today that highschool students in the USA are being taught about the US debt: Look what their parents have left them with...
The chart below is clear bullish bounce off the 1.31 support.
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I'm bullish EUR/USD at the moment. After that pinbar it just looks bullish. Pink area is on chart is target.
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EUR/USD is heading down towards the 1.31 level. It looks very bearish at the moment but the stochastics are telling us it is very oversold. Expect bearish price action but be aware that there could be a fast and sudden retracement, especially off the 1.30 level.
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Price has now broken through down the 1.3160 level. I am expecting price to retrace back up towards the 1.3160 level to retest this, with a rejection and a subsequent test of 1.30
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I hope to do some great analysis on the majors here, stay tuned.
Forex Majors Analysis
in General Forex Discussions
Posted
I hear there are a bunch of sell orders at 1.30, however, I have heard that there are a lot more buy orders than the sell orders, therefore we should work ourselves up through 1.30 (Source:
). Target 1.31, that's mine anyway.