FOREX PRO Weekly April 08-12, 2013

[Synchronicity]

1.31 is also about where the weekly 25x5DMA sits. The price often returns to retest after crossing this though not usually so quickly.



All the best

Michael

 

[Lolly Tripathy]

Thank you sive sir for the analysis..
You are the best...God bless you..

I am agree with you Synchronicity
3110-3165 is very strong area..

 

[Abu Taleb]

I think it is a good analysis. I am thinking same regarding EURUSD currency pair.

 

[Lolly Tripathy]

Buy top or sell top

 

[Bigbuck]

Thank you Mr. Morten

 

[think2]

Hi Sive.

If I understand this right: Today we could reach 1,3105, than very likely pull back to 1,2900 and upward continuation towards 1,3230, right? Or do you think that 1,3230 could be reached directly without any pull back?

Thanks for answer!

 

[think2]

Hi Sive.

If I understand this right: Today we could reach 1,3105, than vety likely pull back to 1,2900 and upwatd continuation towards 1,3230, right?

Thanks for answer!

 

[Sive Morten]

Hi Sive.

If I understand this right: Today we could reach 1,3105, than vety likely pull back to 1,2900 and upwatd continuation towards 1,3230, right?

Thanks for answer!

I think that we should wait a pullback first. Aproximately to 1.2950 area. Market hardly will reach 1.3250 immediately, since this level stands above daily overbought.

 

[think2]

I think that we should wait a pullback first. Aproximately to 1.2950 area. Market hardly will reach 1.3250 immediately, since this level stands above daily overbought.

Sure. But we need to reach 1,3100 first today, right. I have 2 positiones opened from Friday and have already opened another from area you adviced on H1 chart so I guess the plan for today is going up first, right?

Thanks again for the answer and great analyses!

 

[Synchronicity]

Sure. But we need to reach 1,3100 first today, right. I have 2 positiones opened from Friday and have already opened another from area you adviced on H1 chart so I guess the plan for today is going up first, right?

Thanks again for the answer and great analyses!

I don't think you are understanding Sive. his analysis suggest waiting for entry and he doesn't mention hitting 1,3100 first.
It can sometimes be difficult to read the analysis without bias and not read what you want to see.

all the best

Michael