I think E/U will down first and then up.
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I short more GU now at 1.9990 , god bless me , hope I am correct :)
both of you are correct when you said to short EU and GU, i got around 20 pips when long at EU, then after it touched 1.98xx i took 30 pips from short it.
how about USDCAD, for that's situation which oil price is skyrocket i think many investor look for USDCAD.
EU has not drop down as expected till now, waiting euro market, if it can't up continue, i think it will down.
I short G/U and one closed got 80 pips, another hold on.
http://www.rolclub.com/../images/smilies/woohoo.gif
The Most Extreme Euro SSI Reading This Year Flags A Possible 1.60 Break
Retail EURUSD positioning is once again pressing extremes; but unlike the readings of two weeks ago, these extremes actually see speculators once again fighting an extension to new record highs. The euro’s Speculative Sentiment Index ratio fell to - 2.48 this week with nearly 71% of the retail crowd betting record highs would hold. Looking at the dramatic change in sentiment over the past few weeks, it is clear that traders have grown very confident in range conditions between 1.60 and 1.53. In fact, over the previous two weeks since support held the pair up for a triple bottom, the positioning gauge fell from 1.34 to -1.52 and then to today’s reading. This is a particularly excessive reading considering not only the presence of technical resistance but event risk as well. The unusual combination of an ECB rate decision and non-farm payroll release significantly increases the potential for volatility and breakouts.
* EURUSD – The Most Extreme Euro SSI Reading This Year Flags A Possible 1.60 Break
* GBPUSD – Last Week’s Range Break Leads To SSI Readings Not Seen Since November
* USDJPY – A Flip In USDJPY Positioning Suggests The Rally May Be Coming To An End
* USDCHF – USDCHF Open Interest Surges 30% As Positioning Flips To Longs
* USDCAD – Retailers Hold Their USDCAD Longs As The Pair Falls Back Into Its Range
Short G/U yesterday, and closed one hold one, hope can get more pips.
after NFP report USD going strong quickly, few of my friends here got loss cause expected if USD would become weak after NFP release.
U/J nextweek!
Entry: Open Monday
S/L: 107
T/P: 105
RISK YOURSELF!
http://img399.imageshack.us/img399/1326/ujjz1.jpg
got profits from shorting GU :)
for UJ, I think can long UJ and got about 50 pips then you can close and short UJ
i don't think so.
USD still strong for rebound with falling of commodities price report such as gold and oil.
[quote= ]
Dollar Extends Rally on Falling Commodity Prices
Dollar maintains momentum and rebounds further with support of retreat in commodity prices. Crude oil dropped further to around 142 a barrel level while gold dives to as low as $915. There are also additional support to the greenback on speculations that the G8 group, which starts a 3 day meeting in Japan today, will produce some dollar supportive noises in addition to the expected messages on concerns of increasing risks of energy and food inflation. Dollar's strength is most obvious against commodity currencies as well as the Japanese yen.
[quote]
USD/JPY price is trying to work out yesterday's local divergence; however it is still moving within the trend channel. Price is moving between the MA lines, which can be the signal of markets correction, but MACD is below 0 level (tending up though), which can be the signal of continual down move.
If price goes above 107.31 it may come up to test the upper channel line and the resistance at 107.73.
I feel if the price goes below 106.90 and settles below the lower trend channel line, its target level will be the support at 106.58 and then 106.21.
Movement:
- Sideway (possible down)
Resistance:
- 107.31
- 107.73
Support:
- 106.90
- 106.69
- 106.58
- 106.21
[quote=Alizain;285547]i don't think so.
USD still strong for rebound with falling of commodities price report such as gold and oil.
[quote= ]
Dollar Extends Rally on Falling Commodity Prices
Dollar maintains momentum and rebounds further with support of retreat in commodity prices. Crude oil dropped further to around 142 a barrel level while gold dives to as low as $915. There are also additional support to the greenback on speculations that the G8 group, which starts a 3 day meeting in Japan today, will produce some dollar supportive noises in addition to the expected messages on concerns of increasing risks of energy and food inflation. Dollar's strength is most obvious against commodity currencies as well as the Japanese yen.
yes, you are right, I made a wrong judgement of UJ.
USD strong now.
Don't worry. The market is hard to judge while stuck in tight range like this. :)
I think G/U still in short trend, but it's hardly to juge the direction, so can't short now,will see how the performance next week. I am afraid G/U will re-test 2.0 anain.
can short GU and buy UJ now :)
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