日本語
Español
中文
Русский
- New York 22:38
- London 03:38
- Barcelona 04:38
- Tokyo 12:38
- Sydney 14:38
Picking Tops and Bottoms
This report has been deactivated
0
0
EURUSD: Opportunity to Short
Fri, Apr 4 2008, 10:58 GMT
by Jamie Saettele
Open trades right now are long AUDNZD from 1.1221 and short NZDUSD from .8049. The stop on AUDNZD can be moved to 1.1329 and the stop on NZDUSD can be moved to .8106. Targets on both have not been determined. Now, we see a high reward / low risk opportunity to sell the EURUSD.
Our best longer term count treats the decline from 1.5904 as wave 4 (within the 5 wave advance from 1.2865) of III (within the 5 wave advance from 1.1638). Typically, 4th waves retrace about 38.2% of wave 3 of the same degree; that would place the EURUSD near 1.4894. Another common occurrence is for price to come back to the center of the triangle that the break occurred from. That places the EURUSD near 1.4650 (very close to the 50% at 1.4582). The near term picture confirms our long term count. 5 waves down are complete and a 3 wave correction is complete at 1.5701. Risk is at 1.5701. As long as the EURUSD is below this level, price accelerating lower remains a possibility.
Published on Fri, Apr 4 2008, 11:04 GMT
Archive
- Euro Rally Likely Before Next Collapse
Published On Thu, Aug 28 2008, 05:48 GMT - AUDUSD Bearish Triangle Opportunity
Published On Wed, Aug 20 2008, 08:16 GMT - GBPUSD Possibilites After Fed Release
Published On Wed, Aug 6 2008, 06:15 GMT - USDCAD: Preparing for a Breakout
Published On Fri, Jul 25 2008, 06:38 GMT - EURUSD: Don't Be Spooked by Volatility
Published On Fri, Jul 18 2008, 06:04 GMT
Forex Capital Markets LLC
| Financial Square 32 Old Slip, 10th Floor, New York, NY 10005 USA
http://www.dailyfx.com/ | research@dailyfx.com
Legal disclaimer and risk disclosure
FXCM, L.L.C.® assumes no responsibility for errors, inaccuracies or omissions in these materials. FXCM, L.L.C.® does not warrant the accuracy or completeness of the information, text, graphics, links or other items contained within these materials. FXCM, L.L.C.® shall not be liable for any special, indirect, incidental, or consequential damages, including without limitation losses, lost revenues, or lost profits that may result from these materials. Opinions and estimates constitute our judgment and are subject to change without notice. Past performance is not indicative of future results.Interested in forex trading? forex brokerage firms!
GET CASH BACK FOR YOUR TRADES! Learn more about the Pip Rebate Program
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
©2009 "FXstreet.com. The Forex Market" All Rights Reserved.