EURUSD - Trends, Forecasts and Implications (Part 2) - page 1869
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And if the current rise is marked as a zigzag, with wave c being 161.8% bigger than a, what do you think?
A zig-zag is also possible. But it is still incomplete on the small TF. It needs to go up...
On the shallower TF, the fall is not far off.
2011.03.01 18:17:12 *Bernanke: If the debt limit is not raised, it will cause "real chaos"
On smaller TFs, the drop is not far off
You should have asked that question =)))
So according to you, good news is published when the TA shows a buy signal and bad news is published when the TA gives a sell signal. So the ECB, the Fed are all sitting at the MT4 platform waiting for the signal to tell them what news...
That's right, all the news is adjusted for TA, and TA is racing the platform + - 300pp. for small speculators and of course medium speculators (if they are crazy or decide to play casino). Large Central Bank participants, hedge funds are all in cahoots (as on the yen they organised the intervention - waited for good! from all large Central Banks so other CBs from the intervention have not earned and have not lost????? - why the market? ). Starting with small traders - the exchange rate does not really matter - they buy currency - goods - and exchange it for theirs. Where to get the money - from small speculators (300pp is their downfall!). And in forex, there are no buyers and sellers - the Central Bank will exchange currency indefinitely and can raise the exchange rate as they see fit.
The sooner you forget about the forecasts, the better for the deposit.