EURUSD - Trends, Forecasts and Implications (Part 1) - page 160
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Interesting commentary http://www.teletrade.ru/analytics/forexnews/
29.09 05:32 Negative interest rates in England:
There are rumours that the Bank of England will soon present "negative interest rates". There will be meetings of economists and bank officials to explain the new approaches to the implementation of soft monetary policy.
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EURUSD, H1, current
Rid, what's that indicator you have with those funny comments?
Yesterday's Comment from the DOW ribbon (Dow Jones Newswires)
September 28. /Dow Jones/. The New Zealand dollar/US dollar pair opened higher, regaining some of the ground lost during the previous day's session before the start of the Wellington session, as the US dollar gave up ground amid a sharp rise in US stock indices. While risky currencies like the euro remain under pressure, investors have slowly started to return to risky assets as fears of a widespread fall in equities wane. At the time of writing, the pair was trading at 0.7173 versus 0.7130 at the end of the previous New Zealand session, but remains well below last week's almost 14-month high of 0.7306. Traders expect the pair to face selling on gains towards 0.7200, with important resistance located at 0.7250 in the short term. Tuesday's August building permits data may provide some trading opportunities, although the overall direction of trading is likely to be set by the US and Asian stock markets and investors' risk appetite. The pair will find support at 0.7110 during the day.
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Interesting forecast for the kiwi. Usually, such forecasts in their majority come true.
I already took +50 pips overnight into buy - from 0.7150 to 0.7200
Murray indicator (works better on euro only)
Thanks for the indicator, but what do the parameters "P=64" and "StepBack=0" mean ?
64 is the number of bars on which Murray levels are calculated.
For more details on the Murray indicator see. - at
http://www.tradersforum.net.ru/forum/index.php?showtopic=180&st=470
The pair corrects down slightly... then up...
The pair corrects slightly downwards... then upwards...
maybe it is better to show like this, only 1 real
>> maybe it's better to show it like this, only 1 real
If we're talking about a correction, it's more like we're in an upward correction area.
I have shown a section of upward movement... in relation to it the downward movement is a correction... By the way, the pattern has already worked upwards...