Eur/usd

[thetradersclub]

Weekly Trend direction: Bullish

Weekly trend reversal level: 1.4575

Key G7 support levels: 1.4820, 1.4780, 1.4670

Counter-trend opportunities: 1.5240

Strategy: Whilst above the weekly trend reversal level buy dips to support levels after an entry signal.

Today's trade suggestion:
We’ll look to go with the long direction, whilst above 1.4575, and will look to buy dips into support levels. Key
support is at 1.4710 today, with an attempted “double bottom” forming a few hours ago. This support may be
too tempting for the market, however, and we could see a further drop to 1.4600 before renewed attempts at
basing. Watch and wait for another clear reversal signal at 1.4700, or keep your eye on supports lower down if
this fails to hold. Target for longs is 1.4800 and then higher still. Note that we have a potential “head and
shoulders” reversal pattern on the hour chart, and caution is needed.

Update: No surprise that we rallied up from 1.4700, after forming a perfect double bottom and a clear reversal
pattern. The euro is now at it’s highest level since September 2008, and the next resistance level overhead is at
1.5240, Don’t try to pick a top unless we reach there – then watch and wait for a potential counter-trend sell
signal.

Update2: We bounced off support at 1.4820 as expected, and we’re back at 1.4970. It’s probably best to wrap
this one up for the week, and see how we close the week today.

Summary:
Buy dips to supports after a clear reversal has formed. If this fails then wait for supports further down. Target
1.5240. Possibly try small counter-trend trades near 1.5240 after a clear reversal.

[update]

THE EURO GLOBAL TRADING UPDATE

THE MARKETS

As Global News arise from USA Governament via large speculators like Soros, we feel the direct need as Global News arise from USA Governament via large speculators like Soros, we feel the direct need to update our analysis with fundamental insight which reflect our position in serving you and making you feel comfort about your opened orders via our analysis.

As we predicted before that the Euro will rise to above 1.65 via below chart which does not indicate clearly this rise.

But this rise was well confirmed by the NZD chart which Indicate that nzd will rise to a new record in the below chart and which confirm the bull in Oil services stocks will outperfrom the Dow.

the nzd rally will by sustained by rally in oil stocks, the nzd rally is the oil rally, but with speculative trading at this time to void JPY rise and to pull cash from JAPAN.

AS mentioned, This outperformance will be driven by Oil rally, and advanced or pricing advanced very speculative rise of oil into energy stocks this upcoming speculation was confirmed by Today news of Soros which invested 1 Billion in energy solutions.

this investment came with a hope that other countries will follow to spend in this so far called solutions, like many cases which is clear to all of us when USA try to pul cash from around the globe.

The case is clear who will spend cash in energy solutions in bear market of energy, or commodities!

This spculation will be priced in Euro, The USD will be sold at large as many traders will forecast that oil will advance to new record high, But Oil will not pass the past record for the next 12 to 15 years.

There is no demand, we are in bear market rally, oil cant rise in bear market rally more than the rise in bull market of commodities.

1-Oil in bull market has not passed the 150 USD.

2-Oil cant pass this level in the first Bear Market rally, there is no Fundamental demand in bear more than bull.

this decline that oil will rise in the same model of nzd chart.

simply,..how oil will rise to above 150 USD? such us rise must be confirmed by Housing market bull and housing prices return to upside, but the JPY is not confirming this point at 0.90 levels, and confirm that Housing is going to worst and that the news of today is just to pull money from Japan, JPY will go to below 0.70 oin 2010.

OTHER VIEW

USA Gov give cash to Soros via FED support, the man make cash and then Soros and banks like Jp Morgan Sustain the Economic policy in USA, usa like JP Morgan and they give them banks like Bear Straens.

POLITICAL INSIGHT

Noble Prize in peace given to Obama confirm that Europe does not want Nuke conflict with USA and UK.

Russia must feel ok and terror attacks must be voided as all of us know that Russia make terror attacks and Nuke conflicts when Oil does not rise.

This will sustain our analysis of Oil Rally to 120 levels, the noble prize confirm stabilty, stabilty cant came without russian support.

STOCK MARKETS

the positive new coming from oil sector which was confirmed by past oil rally we forecast before from 35 to 75 will be also confirmed by positive outlook as oil will go higher (we built direction for next 2 years).

companies made cash as oil traded higher and will make more cash as oil will be going more higher.

we like to buy Hal and Patterson uti energy which may risr to 28 usd later from 16 traded today.

this indicate that euro will be going higher by haliburton comments on friday which will push oil up and euro up.

Roberto Jbili

[thetradersclub]

Weekly Trend direction: Bullish

Weekly trend reversal level: 1.4820

Key G7 support levels: 1.4970/80, 1.4940, 1.4880, 1.4820

Counter-trend opportunities: 1.5050? 1.5240

Strategy: Whilst above the weekly trend reversal level buy dips to support levels after an entry signal.

Today's trade suggestion:
Interesting stuff, as the euro has tested 1.5050 three times, and held above 1.4950 on each occasion. This is a key level for the euro, and upward momentum has “run out of gas” to an extent. However, with pundits baying for a dollar rally, don’t be complacent and fooled into thinking that the euro can’t rush higher again this week (Next stop 1.5240) Support lies at 1.4970/80 and then several layers below, down to 1.4820. Note that the weekly chart is developing into an interesting “rising wedge” patter, which is highly unstable and will add to the feeling of insecurity for the long hands. All in all probably an explosive week. How to play it? Perhaps try tiny shorts from 1.5050, or wait for 1.5240 before trying again. Otherwise, wait for dips to support, a clear reversal pattern and a G7 signal before buying for 1.5050 and then 1.5240.

Summary:
Buy dips to supports at 1.4950/70 after a clear reversal has formed. If this fails then wait for supports further down. Target 1.5050 and then 1.5240. Possibly try small counter-trend shorts near 1.5050 or 1.5240 after a clear reversal.

[Somya Gabriel]

Hi there,

Well, right now, i saw that the Dollar retreated yet again as continued doubts over a US recovery focused attention on stagnant interest rates.

Forex Analysts have been speculating that the world’s major economies are winding down their stimulus programs and gearing up to raise rates amidst optimistic signs that a recovery is at hand.

Yet recent words from key US figures like Fed Chairman Bernanke and Treasury Secretary Geithner suggest that the US is a long way from raising their core rates which are hovering near zero. This inaction would diminish demand for the Dollar as yields around the world would prove more profitable for traders.

[thetradersclub]

Update: The counter-trend short from 1.5050 worked like a dream. If you took that trade, you’ll have taken a
good profit. The weekly direction has now reversed to SHORT, so we’ll wait this one out until next week.
Summary:
Stay out until next week.

[Somya Gabriel]

The US Dollar fell against most currencies on Thursday after data showed that the US economy grew in the third quarter, the first growth in over a year, reducing the greenback's safe-haven allure and sending investors elsewhere for better returns. The firm gross domestic product numbers renewed investor optimism about a recovery in the global economy, bringing traders to buy higher-yielding currencies. The US GDP for the third quarter showed a growth of 3.5% against an estimate of 3.3%.

[forexnewshelp]

nice share

[thetradersclub]

02 Nov

Weekly Trend direction: Bearish

Weekly trend reversal level: 1.5070

Key G7 resistance levels: 1.4830/80, 1.4920, 1.4980

Counter-trend opportunities:

Strategy: Whilst below the weekly trend reversal level sell rallies to resistance levels after an entry signal.

Today's trade suggestion:
The euro weekly direction has finally reversed to short, after a bearish engulfing weekly candle and a double top at the 1.5060 level. It seems as if we may have broken down through the “rising wedge” formation, which is
always an unstable pattern. Trading has now become a little tricky, as always when a major top is attempting to form, and we may see several sharp swings between 1.4700 and 1.4980 this week. If we are to maintain the
bearish direction, we must remain below 1.4980 – allow for a final test of this 78.6% Fibonacci level before a further move lower. Additional resistance lies at 1.4830/80 and 1.4920. Watch and wait for a clear reversal pattern (possibly quite dramatic) before selling the euro for a move back towards 1.4700 and then 1.4600 on a break lower.

Summary:
Sell rallies to resistance levels after a clear reversal – stops above the reversal pattern – target 1.4700 and then 1.4600.

[thetradersclub]

04 Nov
Weekly Trend direction: Bearish

Weekly trend reversal level: 1.5070

Key G7 resistance levels: 1.4720/70, 1.4810, 1.4850

Counter-trend opportunities:

Strategy: Whilst below the weekly trend reversal level sell rallies to resistance levels after an entry signal.

Today's trade suggestion:
The euro weekly direction has finally reversed to short, after a bearish engulfing weekly candle and a double top at the 1.5060 level. It seems as if we may have broken down through the “rising wedge” formation, which is
always an unstable pattern. Trading has now become a little tricky, as always when a major top is attempting to form, and we may see several sharp swings between 1.4700 and 1.4980 this week. If we are to maintain the bearish direction, we must remain below 1.4980 – allow for a final test of this 78.6% Fibonacci level before a further move lower. Additional resistance lies at 1.4830/80 and 1.4920. Watch and wait for a clear reversal pattern (possibly quite dramatic) before selling the euro for a move back towards 1.4700 and then 1.4600 on a break lower.

Update: We did indeed drop to just above 1.4600 followed by a sharp bounce. The direction remains bearish, and resistance now lies overhead at 1.4720/70 and 1.4810/50 If you managed a good profit from the drop yesterday, you may choose to stay out for the rest of this week. Otherwise, sell into resistance levels above, targeting yesterday’s low at 1.4625, and then 1.4500.

Summary:
Sell rallies to resistance levels after a clear reversal – stops above the reversal pattern – target 1.46250 and
then 1.4500.

[JohnsonG]

After failed to sustain early gains, EUR/USD is back above key 1.4680/1.4700 support area, unable to confirm a break lower; dollar rally was halted by fresh historical high in gold that reached $ 1087.90/oz in the middle of the American session, and remains strongly bullish and quite close to that levels. Despite local share markets are expected to remain in relatively tight ranges as investors will be cautious ahead of FOMC meeting next American afternoon, currencies likely to follow gold prices rather than stocks today.

EUR/USD quotes at 1.4720, with immediate resistance at the 1.4740 area, followed by 1.4770 and 1.4810; supports for next hours come at mentioned 1.4680/1.4700 area, followed by past Tuesday’s low of 1.4625 and 1.4600.