Discussion in 'Forex Trading' started by mikeenday, Dec 5, 2011.
they look like to bounce?
Let me post some charts for you and do some analysis. Would you also like me to get you a coffee latte and pick up your dry cleaning?
BTW, I don't drink coffee.
Shorted on 12/6 at 1.3080
I like coffee.
It's a hard call - the Australian dollar is so overvalued it's not funny. But the Euro has this whole "collapse" thing written all over it.
Look for an Aussie of 95 in the coming months, before it begins a decline taking it much lower.
Not sure about a collapse. I think more of a slow disorderly withdrawal. I think each withdrawal will have a drastic market drop, statements then made by zone officials berating the decision, a slow advance of the markets, repeat until the weakest/least interested countries are removed and any biblical predictions are avoided, then I can resume my blundering and plundering of my currency account.
TP hit at 1.2986.
Still waiting for the Mario Draghi's good news,
if confirmed to be positive for EUR, we can long EURAUD for a certain period of time, but the time length will be all depeding on EUR risks.
AUD is overvauled to some extent.let's wait and see how the market goes
you found a rabbit here. But can go down to 0.7 euad and 1.4 auus ...
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