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Poll: EURUSD end of year target.

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Thread: EURUSD

  1. #18841
    Dimake's Avatar
    Dimake is offline Member
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    Quote Originally Posted by turmaz View Post
    here it is

    GL 200 pips gift from me

    the most important piece from ur chart it's displayed only on half I cant figure out which are ur points from drawing that line at 106.85
    edit1: my target is quite diff from yours, I see 107.35
    edit2: seems we have a possible reverse on yen
    Last edited by Dimake; 11-22-2012 at 10:24 AM.
    Thank you Stryker
    Thank you Cody
    Plan the Trade and Trade the Plan

  2. #18842
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    Quote Originally Posted by Alejandro Zambrano View Post
    I agree on this - as far as I can remember JPY weakness happens on a bullish EUR/USD and stock markets.

    What is interesting this time around is that the strong JPY is causing a trade balance deficit for Japan - something that japan has not had since the mid 80s - this should naturally cause the Japanese yen to trade lower

    This chart shows the deficit and the price of the Japanese yen - as we can see below the Japanese Yen needs to be close to 100 for the trade balance to be strong once again - thus big corporations are expecting the government and the Japanese central banks to take action - there are off course may other reasons why the Japanese yen has been stronger and one of the reasons is due to the low inflation/deflation which causes the Japanese yen to keept its value.

    For more on the deficit:
    http://www.dailyfx.com/forex/educati...tal_Flows.html


    For more inflation:
    http://www.dailyfx.com/forex/educati...n_and_CPI.html

    Histogram -
    trade deficit
    Line - JPY Spot


    Chart is from The Bloomberg Professional terminal

    for the longer-term traders:

    USDJPY has broken a multi-year downtrend after the monthly chart has shown divergence since 2010. This has been happening almost as long as EURUSD has been turing/consolidating and this new move goes to show that there is a turn in sentiment towards the currency IMO. In addition to Alejandro's points, Japanese foreign investment returns are falling, partly due to the popping of the credit bubble ending growth, partly because of central banks lowering interest rates and partly due to JPY's own strength. Only the latter of these is likely to reverse in the near term (multi-year view). I haven't traded USDJPY in the past, but i think we could be heading into an easy buying phase.

    If USDJPY retraces in the coming months to the broken monthly trendline on the chart below (~80 lvl), i'll be buying the s*** out of this one

    Name:  USDJPY.JPG
Views: 426
Size:  258.2 KB

    GLGL

  3. #18843
    turmaz is offline Member
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    Quote Originally Posted by Dimake View Post
    the most important piece from ur chart it's displayed only on half I cant figure out which are ur points from drawing that line at 106.85
    edit1: my target is quite diff from yours, I see 107.35
    edit2: seems we have a possible reverse on yen

    here it is in the chart more visible

    no not yet traders are anticipating the reverse in yen pairs but its not the time as i said always time is more imp than price lol

    some ppl disagree so be it

    i have set an alert at 106.70 to start watching Ej and 132.40 for gj


    Ty n gl bro
    รูป รูป  

  4. #18844
    delicate is offline Member
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    Quote Originally Posted by delicate View Post
    will go 2944,bulls back not easy.looking for opportunity entry.if 2866 holds.
    2866 support

  5. #18845
    stryker's Avatar
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    Quote Originally Posted by Alejandro Zambrano View Post
    I agree on this - as far as I can remember JPY weakness happens on a bullish EUR/USD and stock markets.

    What is interesting this time around is that the strong JPY is causing a trade balance deficit for Japan - something that japan has not had since the mid 80s - this should naturally cause the Japanese yen to trade lower

    This chart shows the deficit and the price of the Japanese yen - as we can see below the Japanese Yen needs to be close to 100 for the trade balance to be strong once again - thus big corporations are expecting the government and the Japanese central banks to take action - there are off course may other reasons why the Japanese yen has been stronger and one of the reasons is due to the low inflation/deflation which causes the Japanese yen to keept its value.

    For more on the deficit:
    http://www.dailyfx.com/forex/educati...tal_Flows.html


    For more inflation:
    http://www.dailyfx.com/forex/educati...n_and_CPI.html

    Histogram -
    trade deficit
    Line - JPY Spot


    Chart is from The Bloomberg Professional terminal
    Me and few others nicely short on yen.. 82.77..... waiting a 82.23 break for a 81.97 move..
    EJ short as well ... 106.45 and so is euro 2864 hedge and some more off 2897........
    Still think EJ and yen is bit down to test lower lvls b4 perhaps the trend resume.........

    Shout out to Clive......................... Supp..............

    GL..
    Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us—
    The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
    Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...

  6. #18846
    stryker's Avatar
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    Though my org yen shorts were stopped out for 20 pips.. shorted 82.61 and stopped out at 82.81.... and that was pretty much the high.. went in with the gut feeling and smacked hard 82.77...... It's paying off nicely........

    GL..
    Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us—
    The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
    Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...

  7. #18847
    Dimake's Avatar
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    Quote Originally Posted by turmaz View Post
    here it is in the chart more visible

    no not yet traders are anticipating the reverse in yen pairs but its not the time as i said always time is more imp than price lol

    some ppl disagree so be it

    i have set an alert at 106.70 to start watching Ej and 132.40 for gj


    Ty n gl bro


    Agree with you, we must wait a lil till all pairs will align. I sold earlier at 105.45 and after didnt closed under it + a discussion with master Greg I decided to bought (maybe not wise but I managed to save 20 pips from a -45 hole) and now I'm out.
    I'll monitor your targets (mines are 107.35 and 132.60) and when I'll sell euro and cable I'll short also EJ and GY again if the prices it will be fair enough

    Cheers sir
    Thank you Stryker
    Thank you Cody
    Plan the Trade and Trade the Plan

  8. #18848
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    Quote Originally Posted by Dimake View Post
    Agree with you, we must wait a lil till all pairs will align. I sold earlier at 105.45 and after didnt closed under it + a discussion with master Greg I decided to bought (maybe not wise but I managed to save 20 pips from a -45 hole) and now I'm out.
    I'll monitor your targets (mines are 107.35 and 132.60) and when I'll sell euro and cable I'll short also EJ and GY again if the prices it will be fair enough

    Cheers sir
    EJ would be nice to show 105.70-74 for now.. but I suspect if 2910-20 on euro holds this is pushing way lower........ else this is out of the range and pretty much turned out bullish..
    EUro 2910-20 defines this up move is corrective or the real deal..........
    Will find out.......

    GL...
    Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us—
    The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
    Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...

  9. #18849
    Gpalstrader is offline Member
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    Short EUR/USD Short AUD/USD at 1.2885 and 1.0368. STOPS at HOD.
    Volume is the soul of price.


  10. #18850
    delicate is offline Member
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    Quote Originally Posted by delicate View Post
    2866 support
    longs feel not good.

  11. #18851
    delicate is offline Member
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    Quote Originally Posted by Gpalstrader View Post
    Short EUR/USD Short AUD/USD at 1.2885 and 1.0368. STOPS at HOD.
    hello,maybe e/j down to 105.15

  12. #18852
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    Quote Originally Posted by Gpalstrader View Post
    Short EUR/USD Short AUD/USD at 1.2885 and 1.0368. STOPS at HOD.
    What is your target on this because I think that there is a very good chance for a pullback to 1.2835?
    "If...should" If the market is at support/resistance then it should react, if not get OUT!

  13. #18853
    Gpalstrader is offline Member
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    Quote Originally Posted by Santiago Peso View Post
    What is your target on this because I think that there is a very good chance for a pullback to 1.2835?
    Hi Santiado, sorry I was at gym. My target is 1.2853 and then maybe long... will see. AUD/USD out for 14 pips.
    Volume is the soul of price.


  14. #18854
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    Simple long here @ 1.2866

  15. #18855
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    Quote Originally Posted by Joke View Post
    Simple long here @ 1.2866
    Not too simple...possible correction

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