EUR/USD Daily Video, August 11, 2011

[Sive Morten]

Good morning,
market shows really nervous and choppy price action during recent days and it does not add confidence to us, skews intraday H&S pattern. Although daily H&S is still valid, probably it's time to take a pause to find some clear patterns:




The technical portion of Sive's analysis owes a great deal to Joe DiNapoli's methods, and uses a number of Joe's proprietary indicators. Please note that Sive's analysis is his own view of the market and is not endorsed by Joe DiNapoli or any related companies.

 

[asif faryad]

Anaylis

Dear Sive,

Thank you i have taken your advice and am going to take a pause ) going to the gym and a good swim!!!! as i have made not so many but have made a little profit as you say in the Military school its all about CAPITAL PRESVARTION.

Have a great day Sive

 

[Vix]

Sive what about gold and silver, do you think silver is good investment after that sharp fall?

 

[Sive Morten]

Sive what about gold and silver, do you think silver is good investment after that sharp fall?

Hi Vix,
I do not trade silver very often and not quite remember technical picture, but from fundamental point of view - gold, silver, CHF, JPY probably remain as save-haven, till turmoil's end.
But keep in mind that silver is absolutely different metal from application in different industries. So, although this is prescious metal - it's not the same as gold.