FOREX PRO Weekly May 20-24, 2013

[Lolly Tripathy]

bottom butterfly.. but still i hope..
if before low will hold then...

 

[Ghandi1]

bottom butterfly.. but still i hope..
if before low will hold then...

View attachment 9356

Nice chart

 

[D.R.&Quinch]

bottom butterfly.. but still i hope..
if before low will hold then...

View attachment 9356

Looking interesting. What is the bc extension please?

 

[Lolly Tripathy]

hi D.R.&Quinch

D 100% 1.2948
D 127% 1.2977
D 161% 1.3014

 

[Lolly Tripathy]

Sive sir yesterday market listen you carefully and...
becoz u do not rely 1hr H&S so its forming a Reverse H&S on higher time frame on 4hr..

 

[BeeKay8]

Hey Sive,

I have a favor to ask you. Are you able to talk somewhat about HKD (Hong Kong Dollar)? I know this may seem random but something happened in my family and I was left with some investments in Hong Kong. The investments are now in a bank in Hong Kong and are in HKD. I am a Canadian and I have been watching the CAD/HKD. I understand China is a communist country and that the HKD is pegged to the USD.

However, it seems that the HKD has been falling recently. This is good for me since I would like to someday turn this into CAD.

I do not know much about fundamentals so I would GREATLY GREATLY appreciate your professional input. Since the HKD is pegged to the USD, would it be smart to change all my HKD to CAD as soon as possible as the CAD/HKD has been getting weaker? Since HKD is pegged to USD, would it be safe to say that it is only a matter of time before CAD/HKD shoots up again?

I am not even sure if using technical analysis on CAD/HKD will work since HKD is pegged. I appreciate any kind of input or thoughts you may have with HKD.

Looking forward to hear from you.

Many thanks,
Brandon

 

[Sive Morten]

Hey Sive,

I have a favor to ask you. Are you able to talk somewhat about HKD (Hong Kong Dollar)? I know this may seem random but something happened in my family and I was left with some investments in Hong Kong. The investments are now in a bank in Hong Kong and are in HKD. I am a Canadian and I have been watching the CAD/HKD. I understand China is a communist country and that the HKD is pegged to the USD.

However, it seems that the HKD has been falling recently. This is good for me since I would like to someday turn this into CAD.

I do not know much about fundamentals so I would GREATLY GREATLY appreciate your professional input. Since the HKD is pegged to the USD, would it be smart to change all my HKD to CAD as soon as possible as the CAD/HKD has been getting weaker? Since HKD is pegged to USD, would it be safe to say that it is only a matter of time before CAD/HKD shoots up again?

I am not even sure if using technical analysis on CAD/HKD will work since HKD is pegged. I appreciate any kind of input or thoughts you may have with HKD.

Looking forward to hear from you.

Many thanks,
Brandon

Hi Brandon,
I do not want to upset you, but honestly I never deal with HKD. Since I'm living in Europe (or at least very close to - reference currencies
are USD and EUR. Fund that I'm managing invest particularly and strictly with these currencies. I have some surface understanding of AUD, GBP and JPY, but HKD is Greek for me... I can't even try to advise something to you.
May be It's better to read some researches on HKD...

 

[Bigbuck]

This pair has showed a nice inverse head and shoulders patrol on 4h time frame. Target is around 1.30

 

[Lolly Tripathy]

A huge thanks to Sive sir...
sell @2970 took profit @ monthly s1 +96pips
yahoooooooooooooooo.....

 

[D.R.&Quinch]

A huge thanks to Sive sir...
sell @2970 took profit @ monthly s1 +96pips
yahoooooooooooooooo.....

Brill loly. Me too.also gold longs closed at 1409. I think we must also thank the Mighty Bernank. Glad I trailed up my stops as that was vicious price action.
Next time my health will require me to get out before the news event altho this time it served its purpose