Forex Forum Archive for 05/29/2010

HK [email protected] 23:51 GMT May 29, 2010
EUR
Reply   
.

It is a unanimous call all over the net to sell the Euro.

The market found the Fitch report a serious reason to sell(though it offered nothing new), a report which was a market manipulation by the the way it was presented.

Maybe SNB as usual will be the main buyer on Monday.

And a counter manipulation in a thin market should not be excluded.

Melbourne Qindex 23:15 GMT May 29, 2010
EUR/USD : Current Comments

EURUSD
Entry: Target: Stop:

EUR/USD : The followings are still valid :



Melbourne Qindex 08:55 GMT May 28, 2010
EUR/USD : Critical Point 1.2391 : Reply
EURUSD
Entry: Target: Stop:

EUR/USD : A resistant barrier is located at 1.2496 // 1.2513.

Melbourne Qindex 08:53 GMT May 28, 2010
EUR/USD : Critical Point 1.2391 : Reply
EURUSD
Entry: Target: Stop:

EUR/USD : Critical Point 1.2391



The bias is on the downside when the market is trading below 1.2391.


====================================

EUR/USD : The market is under pressure when it is rejected from the barrier at 1.2315 // 1.2335. It will shift lower to the range at 1.2225 - 1.2281. The lower strength of the barrier at 1.2126 // 1.2151 is likely to be challenged.

Jeddah Abb 22:33 GMT May 29, 2010
..
Reply   
EURJPY
Entry: Target: Stop:

If it can hold at 110.83-110.53, in this case i think it can see above 116 area this week..

Athens 21:42 GMT May 29, 2010
Greece: No restructure
Reply   

Greece will not restructure debt: finance minister

GVI Forex Blog 21:38 GMT May 29, 2010 Reply   
Alice laughed. "There's no use trying," she said" One can't believe impossible things." "I daresay you haven't had much practice," said the Queen. "When I was your age, I always did it for half-an-hour a day. Why, sometimes I've believed as many as six impossible things before breakfast."

Six Impossible Things (Mauldin)

Melbourne Qindex 21:33 GMT May 29, 2010
EUR/USD : Current Comments

EURUSD
Entry: Target: Stop:

Hillegom Purk 14:25 GMT : We can see 1.2992 if the market is strong enough to trade above 1.2706 as indicates by the "Monthly Cycle Directional Indicator".

Melbourne Qindex 21:32 GMT May 29, 2010
EUR/USD : Current Comments

EURUSD
Entry: Target: Stop:

EUR/USD : The critical level of the monthly cycle is located at 1.2136 - 1.2282. The odds are in favor of maintaining a short position when the market is trading below the critical range at 1.2136 - 1.2282. The monthly cycle pivot centers are positioning at 1.1891 - 1.2035 - 1.2706.



EUR/USD : Monthly Cycle Charts
http://www.qindex.com/euro.html

Melbourne Qindex 21:27 GMT May 29, 2010
EUR/USD : Current Comments

EURUSD
Entry: Target: Stop:

Hillegom Purk 14:25 GMT : We can see 1.2292 if the market is strong enough to trade above 1.2706 as indicates by the "Monthly Cycle Directional Indicator".

GVI Forex Jay 20:59 GMT May 29, 2010


Sam, there is no word "definitely" in the forex dictionary.

Remember both London and the US are closed on Monday so liquidity will be thin and it is the last day of the month for those centers opened.

Also, in this headline driven market, you have to watch the news over the weekend to see what comes out.

london sam 20:11 GMT May 29, 2010
EUR/USD : Current Comments

Sell EURUSD
Entry: Target: Stop:

hi everyone, so the eurusd is definitley short for next week or they may be hiccups!!, let us know please.

sam

tokyo rana 17:13 GMT May 29, 2010
jpy
Reply   
Buy EURJPY
Entry: Target: Stop:

Dear AS,
how are you?
im long eurjpy 112.00...
wat is ur view now?
happy trade,
best regards,

Amman wfakhoury 15:16 GMT May 29, 2010
sell euro big time

Dont agree on that , my profit sys says something diffrent,
12150 is the tp level for this downtrend then will go up again
as has not momentum to slide more.

Perth WTR 14:25 GMT May 29, 2010
sell euro big time
Reply   
watching video from AL and now reading Qindex's projection on euro, it is very nice to know that both gentlemen are also sharing the view that euro will slide a lot more next weeks before any significant bounce

so I am still a happy euro seller next week

Hillegom Purk 14:25 GMT May 29, 2010
EUR/USD : Current Comments

Dr Quindex, in e/u. Where do you say the
point has to be at which you say: 1,30 is possible? Is that 1,25? Or will 1,25 just be a bounce? or pullback, or temporary rise?
Thanks

Melbourne Qindex 14:16 GMT May 29, 2010
EUR/USD : Current Comments

EURUSD
Entry: Target: Stop:

EUR/USD : The medium term targeting range is 1.1901 - 1.1906 and the time frame is 1-2 weeks.

Melbourne Qindex 14:01 GMT May 29, 2010
EUR/USD : Current Comments

EURUSD
Entry: Target: Stop:

EUR/USD : The odds are good that the market will tackle the barriers at 1.1606 // 1.1802 and 1.2034 // 1.2132 during early period of next week.

Melbourne Qindex 13:59 GMT May 29, 2010
EUR/USD : Current Comments

Sell EURUSD
Entry: Target: Stop:

EUR/USD : The odds are good that the market will tackle the barrier at 1.1606 // 1.2034 early next week.

Hannover 13:44 GMT May 29, 2010
Videos



Sell EURUSD
Entry: 1.2260 Target: 1.2035 Stop: 1.2460

Hi,
i think a short EUR/USD is the way to go for next week.
If we get a gap down opening wait for a decent retracement before shorting the EUR/USD.Unfortunately you have to set a wide SL at 1.2460 the target is 1.2035. keep your total Risk limited to max 1 % of your total Account size.
www.forex-pirates.de

london sam 13:05 GMT May 29, 2010
Videos

Hi everyone, as you know i am beginner and i would appreciate it if all the professional and experienced traders on this forum will give tips and guidance to myself and others alike who are new to this on a daily basis. As suggested on the forum i am using eurusd pair as a opposed to the other pairs, so please anyone who tips and knowledge in this pair share this with us. i thank you in advance. have a good weekend bank holiday, see you guys on tuesday. its now 2.05pm in england Uk

adios amigos
sam

global-view careers 13:05 GMT May 29, 2010
careers
Reply   
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SG PT 12:40 GMT May 29, 2010
And so the Spain downgrade is the fundamental‏
Reply   
2010.05.28 17:54: And so the Spain downgrade is the fundamental catalyst for the high profile failure by US indices to regain their much-scrutinized 200-day moving averages. Such was also the catalyst that prevented EURUSD from regaining the key $1.2440s trend line resistance. On Thursday, the Dow-30 had its worst May performance since the 1960s. A day a later, it was the worst May since 1940s. But stocks have yet to close below the May 6 lows, an occurrence which could trigger the next level of the sell-off in AUD and EUR below 0.80 and 1.21. - AshrafLaidi.com

GVI Forex Jay 12:05 GMT May 29, 2010
Videos

I want to point out that Tornbridge Al does not work for us and is just a member of the Global-View community like any of our other members. He takes the time to create these valued setup videos, asking nothing in return, as a member of our community.

Therefore it would be appropriate to acknowledge his contributions and would be nice to thank him for it rather than taking it for granted.

I would like to be the first to thank Al for his excellent work and selfless contribution to our community.

Melbourne Qindex 08:08 GMT May 29, 2010
EUR/USD : Current Comments
Reply   
EURUSD
Entry: Target: Stop:

EUR/USD (1.2276) : Weekly Cycle Analysis



The current upside potential is 260 pips and the downside risk is 700 pips. Sell on rallies is still the preferred trading strategy.

dc CB 01:01 GMT May 29, 2010
Videos



CD

dc CB 01:01 GMT May 29, 2010
Videos



AD

dc CB 00:56 GMT May 29, 2010
Videos



BP

dc CB 00:56 GMT May 29, 2010
Videos



thanks for the analysis.
add in these 2 COT charts, and one can speculate that over time a bottom and a bounce (BP and EUR respectivly) is setting up.
Perhaps as the summer deepens and July/August vacations activate - taking some off the table.

EUR

Syd 00:48 GMT May 29, 2010
Long U.S. dollar bets increase in latest week -Reuters
Reply   
May 28 (Reuters) - Currency speculators extended
bets in favor of the dollar, data from the Commodity Futures
Trading Commission showed on Friday, and pared back bets
against the euro on a contract basis.
The value of the dollar's net long position totaled around
$22.19 billion in the week ended May 25, compared with $21.78
billion the previous week, according to CFTC and Reuters data. The Reuters calculation for the aggregate U.S. dollar
position is derived from the net positions of International
Monetary Market speculators in the yen, euro, British pound,
Swiss franc, Canadian and Australian dollars. To be short a currency is to bet it will decrease in value,
while being long a currency is a bet its value will rise.

AUSTRALIAN DOLLAR (Contracts of 100,000 Aussie dollars) 5/25/10 week 5/18/10 weekLong 39,367 50,564Short 19,844 12,184Net 19,523 38,380

EURO (Contracts of 125,000 euros) 5/25/10 week 5/18/10 weekLong 45,630 54,411Short 152,366 161,554Net -106,736 -107,143

http://www.reuters.com/article/idUSN16MM20100528