bank

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:

http://www.fxfatcat.com

). Target 1.31, that's mine anyway.

I'm looking for another testing of 1.60 in the cable. Any opinions on this?

Do you think the Cable will consolidate again towards 1.60: That's where I think it's heading now.

My take profit at 1.27 was hit. I am going to go short at 1.27, with a take profit at the bottom of the triangle, the support should be around 1.26 or so, depending on when price gets down there.

 

See my chart, this is what I'm looking at.

 

http://img62.imageshack.us/img62/6753/eurusdacc.gif

The EURUSD has enterted into an asymmetrical triangle. This should, technically give a direction for future price depending on what side of the triangle price breaks out from.

 

http://img14.imageshack.us/img14/8263/eurusdx.gif

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

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?

 

http://img252.imageshack.us/img252/108/43526018.gif

Analysis of Majors

 

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?

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?

I'm short EUR/USD with a testing of the 1.3185 support. That will be my take profit.

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

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 (http://www.zerohedge.com/news/yet-another-us-debt-infographic, http://www.fxfatcat.com). 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.

 

http://img864.imageshack.us/img864/7070/eurusde.gif

I'm bullish EUR/USD at the moment. After that pinbar it just looks bullish. Pink area is on chart is target.

 

http://img828.imageshack.us/img828/7707/eurusdoi.gif

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.

 

http://img12.imageshack.us/img12/4149/eurusdv.gif

Looks like a new test of low

 

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

 

http://img838.imageshack.us/img838/9472/eurusdm.gif

Looks like price is heading down towards the 1.3160 level again, with a likely breakthough.

 

http://img16.imageshack.us/img16/663/eurusdj.gif

It looks like price has broken the upper trend line. Pressure is easing for now.

The EUR/USD looks severely oversold. I think there'll be some kind of correction before another down- leg.

 

http://img827.imageshack.us/img827/4120/eurusdb.gif

I'm gonna be posting my analysis on some of the majors here.

Yup, no one knows where the price will be going next second :)

 

I do ;) :p Cable is going up.