[Archive!] FOREX - Trends, Forecasts and Consequences (Episode 7: September 2011) - page 20

[Bicus]

trinitron:

Help me figure out the oil picture.

Well, I'd add a few touches of red.

:)

[margaret]

6 September. /Dow Jones/. The Swiss National Bank will be forced to sell the euro/US dollar pair, HSBC says. If the Swiss National Bank intends to intervene only on the euro/Swiss franc pair and not the US dollar/franc pair, and if it wants to keep its foreign exchange reserves around current levels, it will be forced to sell the euro/dollar pair. "I believe the market has misunderstood the change in the euro/dollar pair," said HSBC currency strategist-analyst Stuart Scott. He says about 55% of the bank's reserves are currently held in euros, 25% in dollars and about 10% in yen. "They will have to sell euro/yen and euro/dollar pairs."

[Андрей]

The GEP is closed and you can fall again :)

[Valery Tupichko]

trinitron:

Help me understand the oil picture.

One "leg" of the decline is missing (red line) and there will be a double zig-zag. But before that, very maybe, (but not necessarily, no one will tell for sure, it's a correction, it's bad forecasting) that may well grow and form another figure, and after that, it will still go down, because the correction is not over...))) IMHO... Don't judge strictly....)))

[lotos7]

AndreyZak:

The GEP is closed and you can fall again :)

more on this please...

[Андрей]

lotos7:
more about that, please...

No need to elaborate on that. Everything is bad in Europe, and the SNB can give them a boost by selling the eu for the dollar. Margaret wrote and the terminal news said that the eu was mispriced and that the rise was just a technical correction.

[Андрей]

Also look at the US fund, it's going down, the eu is unlikely to go up.

[lotos7]

Well done kaln82 05.09.2011 13:55 - down from 1.4216 !!!!!

[milliorder]

andreika:

Don't overdo it.

I didn't))) I closed some of the trades, the rest are in the black

[Андрей]

My personal view is that the EUR has fallen out of the uptrend channel and today's rise can be seen as a test of the lower boundary of the channel, which it is holding so far.