I've a immediste technical resistance at 86.35 region. This is some distance away from current price at ~85.80
your technical read, pls? Thanks!!
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USD 02 (Oct 09 - Sep 10)
Re: US Dollar 2 (Oct 09 - May 10)
by kennynah » Fri May 14, 2010 5:35 pm
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Re: US Dollar 2 (Oct 09 - May 10)
by iam802 » Fri May 14, 2010 7:17 pm
/DX
- R1 : 85.969
- S1 : 85.087
- S2 : 84.424
- Kumo : 82.524
- R1 : 85.969
- S1 : 85.087
- S2 : 84.424
- Kumo : 82.524
1. Always wait for the setup. NO SETUP; NO TRADE
2. The trend will END but I don't know WHEN.
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2. The trend will END but I don't know WHEN.
TA and Options stuffs on InvestIdeas:
The Ichimoku Thread | Option Strategies Thread | Japanese Candlesticks Thread
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Re: US Dollar 2 (Oct 09 - May 10)
by kennynah » Fri May 14, 2010 7:33 pm
ok thanks...noted...
i have a similar intraday Support read at 85.45 (your S2)...though this is not a strong one..
i have a similar intraday Support read at 85.45 (your S2)...though this is not a strong one..
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Re: US Dollar 2 (Oct 09 - May 10)
by winston » Mon May 17, 2010 9:34 am
Weekly Review
The dollar surged (1.2372 Euros versus 1.2531 Thursday). Indeed, it jumped through the 1.24s all the way down to 1.23, and it has not been there in a long time. We are looking at 1.11 as a support level for the Euro.
If the problems are not resolved and the trillion dollar baby was not able to restore confidence, then we are looking at the Euro and the dollar trading on par. That has not happened since shortly after the Euro was issued.
There seems to be no stopping the juggernaut of the dollar right now. It is something of a safety trade versus the Euro and other currencies in the world. Indeed, the DXY0 shows the US versus a basket of currencies, not just the Euro.
Source: MarketFN.com
The dollar surged (1.2372 Euros versus 1.2531 Thursday). Indeed, it jumped through the 1.24s all the way down to 1.23, and it has not been there in a long time. We are looking at 1.11 as a support level for the Euro.
If the problems are not resolved and the trillion dollar baby was not able to restore confidence, then we are looking at the Euro and the dollar trading on par. That has not happened since shortly after the Euro was issued.
There seems to be no stopping the juggernaut of the dollar right now. It is something of a safety trade versus the Euro and other currencies in the world. Indeed, the DXY0 shows the US versus a basket of currencies, not just the Euro.
Source: MarketFN.com
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Re: US Dollar 2 (Oct 09 - May 10)
by kennynah » Mon May 17, 2010 3:27 pm
maybe time for a small Long play @ 86.70 region...
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Re: US Dollar 2 (Oct 09 - May 10)
by winston » Thu May 20, 2010 8:24 am
On CNBC:-
Darryl Guppy thinks that the USD is on a parabolic path to 89 and thereafter, will collapse to 86, 83 and 81.50.
Darryl Guppy thinks that the USD is on a parabolic path to 89 and thereafter, will collapse to 86, 83 and 81.50.
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Re: US Dollar 2 (Oct 09 - May 10)
by kennynah » Thu May 20, 2010 5:23 pm
what do you think ?
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Re: US Dollar 2 (Oct 09 - May 10)
by millionairemind » Thu May 20, 2010 5:29 pm
I can only say the red candle "DUA DUA KI" 
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Re: US Dollar 2 (Oct 09 - May 10)
by kennynah » Thu May 20, 2010 5:33 pm
indeed... very long and big... some people will like this type 
but, if one believes this is a possible turning point, then we must also infer than eur/usd is changing course, from a downward trend, to a upward swing..and just like this "dua dua ki" one, a huge upswing for this major pair too...
you might have also seen some +ve correlation between SPX and eur/usd pair movement; ie, they both move in tandem lately..
so, it might be inferred, at least in the short term, that SPX could also swing upwards, if indeed /DX is coming down....
your thoughts, please...thanks...
but, if one believes this is a possible turning point, then we must also infer than eur/usd is changing course, from a downward trend, to a upward swing..and just like this "dua dua ki" one, a huge upswing for this major pair too...
you might have also seen some +ve correlation between SPX and eur/usd pair movement; ie, they both move in tandem lately..
so, it might be inferred, at least in the short term, that SPX could also swing upwards, if indeed /DX is coming down....
your thoughts, please...thanks...
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Re: US Dollar 2 (Oct 09 - May 10)
by iam802 » Thu May 20, 2010 5:38 pm
The other possibility is -> It needs to consolidate.
/DX has went up too fast. In other words, overbought.
It does not means reverse. Could be a retrace to 85 and continue up again.
/DX has went up too fast. In other words, overbought.
It does not means reverse. Could be a retrace to 85 and continue up again.
1. Always wait for the setup. NO SETUP; NO TRADE
2. The trend will END but I don't know WHEN.
TA and Options stuffs on InvestIdeas:
The Ichimoku Thread | Option Strategies Thread | Japanese Candlesticks Thread
2. The trend will END but I don't know WHEN.
TA and Options stuffs on InvestIdeas:
The Ichimoku Thread | Option Strategies Thread | Japanese Candlesticks Thread
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