ammo...thanks for the chart.it looks like the chart is saying that eurusd is at resistance..could be....the dxy chart i posted seems to confirm this..however,i think the fed wants to trash the dollar to aid recovery.so ii dont know where resistance could be.the difference being that we are all trying to predict potential resistance...that could be dangerous,especially for me..i always lose when i do that
hourly cable into sunday night and monday a triple-top break above 5750..lets see if it is support.a bullish chart.no sign of a change in trend a move up..then look for the next support.a move down ..look for 5750 as support.if that breaks then 5750 as resistance coming upwards hourly data 32 pips by 3 hilo
some guy on cnbc video saying that it is the revaluation or non fixing of the yuan that is causing dollar weakness..not fed intervention he says 1.4600 area likely within 3 months
qe2 seems to be the dollar weakness scanario according to many analysts eurusd..the trend is up,uneless some new news comes in eurusd..hourly data input plot is 29 pips by 1 reversal..hilo at 1.3800 area of resistance.there is a cluster of previous resistances at 1.3660-1.3688.also trend support at 1.3717 area. any upside failure should have good support between 1.3680-1.3720.imho if there is any breakdown,then look for this area to act as resistance otherwise up we go
looking at eurusd..thinking it could give us some idea of what might happen on friday for non farm payrolls.eurusd has broken out,so looking at previous resistance that might act as support chart is 10 min data input.19 pips by 1 reversal..hilo plot res areas showing up nicely at 1.3888 and support at 1.3832 say between 1.3820 and 1.3890 is the support for this latest upmove.so,if we get a retarce back into this zone,then watch to see if it acts as a resistance. market,thinking dollar has strength imho btw..3920 is the 50% retrace on the pole..the latest upthrust column
eurusd..10 min data input 2 weeks of data 32 pips by 1 reversal above 1.4000-1.4020 area is resistance supports at 1.3880../previous res,could be new support ? 1.3856 area support and 1.3820 area..a prev res,that acted as support there are no real clues on this chart about future direction..it is rangebound now
cable..gbpusd 10 data 42 by 1 reversal 5960 prev res..coulsd act as support,if we get another upmove otherwise 5876 and 5834 supports 1 month of data on the chart
currency wars.... there is some negativity coming into eurusd.we have seen this pullback before so, not putting too much emphasis on it just yet houly data input 23 pips by 3 reversal lets see if any chinese currency manipulation has been taken out
a closer look at eurusd..chart looks bearish.some long downthrust columns rom the top..ie.longer red columns than blue....from the second top plenty of internal trendlines.so plenty of res if there is a bounce victory for the dollar...possibly 1 week...10 min data input 9 pips by 3 reversal..hilo plot