[Archive] FOREX - Trends, Forecasts and Consequences (Episode 8: October 2011) - page 3
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1. how does the european union make dough on the forex market?
it can't...neither can other countries...
This is a graph of dollars in circulation and the answer to the question - has gold appreciated or has the dollar and with it all dependent currencies depreciated? The whole world, practically in one year, has become twice as poor.
Hep 1.3328.
1.3313 lower point
strange, I remember not believing in gaps for a couple of months, but now it's like roadside video fixing ;) https://www.mql5.com/ru/forum/134379/page68
I think we may go back to 1.3420
1.3313 lower point
up what are the targets?
up what are the targets?
I don't see anything at the top yet, only at the bottom...
can't see anything at the top yet, only the bottom...
the wedge is forming the other day
by 1.34 longs can be opened...(pips intraday)...
Technical Analysis (October 03, 2011 [Monday])
EURUSD
Prices are moving towards the support at 1.3300. If it is also overcome, the fall will continue, and the primary target is likely to be 1.3260/50. The fact that the trend indicator OsMA is directed downward on the 4-hour chart is a positive sign in favour of such an outcome. At the same time the oscillators (SS in the oversold area) have indicated a reversal in the opposite direction. Therefore, we should not completely rule out the possibility of a return move to the level of 1.3340. The situation on the hourly chart indicates in favour of the beginning of the growth phase. OsMA is confidently directed upwards. Both SS and RSI have turned in a bullish direction.
Taking into account the mentioned above, in my opinion, it is advisable to consider the position for sale with the stop loss close to the support level 1.3300.
Support: 1.3300, 1.3260/50, 1.3200, 1.3160/50, 1.3100/1.3090, 1.3070, 1.3040, 1.3000/1.2990, 1.2950, 1.2920/10, 1.2880.
Resistance: 1.3340, 1.3370, 1.3400, 1.3450/60, 1.3500, 1.3530, 1.3560, 1.3600, 1.3630, 1.3680, 1.3700, 1.3730/40, 1.3780, 1.3800, 1.3830/40, 1.3860, 1.3900, 1.3935, 1.3960, 1.4000, 1.4030.
"Akmos Trade