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AUD/USD Daily Video, October 26, 2010

Discussion in 'Sive Morten- Currencies and Gold Video Analysis' started by Sive Morten, Oct 26, 2010.

  1. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Hello everybody,

    There is really nothing interesting on GBP and EUR - price action is choppy there, so, this leads me to look at other pairs, and situation on Aussie I've found interesting. Also, as a small bonus, I take a fast look at 4-hour EUR FX, just to see, how is there our possible butterfly:




    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.
     
    #1 Sive Morten, Oct 26, 2010
    Lasted edited by : Aug 15, 2015
  2. m0z1

    m0z1 Private, 1st Class

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    Hello Sive

    We cant see the video as it says video not available. Can you please check this?

    Thanks
    Mili
     
  3. Jyotiprakash Pal

    Jyotiprakash Pal Sergeant

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    Its on Verification Process of YOUTUBE :)

    Thanks Sive Sir for showing us this opp ... :)
    Hope ur weekend was nice :)
     
    #3 Jyotiprakash Pal, Oct 26, 2010
    Last edited: Oct 26, 2010
  4. gammel

    gammel Private, 1st Class

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    I cant see the video...besides i wanted to ask you a aquestoin steve..

    how much should we expect to make profit in a month .. i heared 5% is really good.. what is your oppinion?
     
  5. forexclues

    forexclues Private

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    Hi sive morten

    Good Morning

    Just like the focus of some traders....

    are we looking towards 0.9975 and parity?

    Thanks for the video but I the video is not showing.

    I think it is on verification.

    I have not been able to watch the video.

    Thanks as your reply will be awaited.

    Thanks.
     
  6. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Video is Ok,

    We will touch at least monthly 0.618 Fib expansion target from recent ABC.
    But, when it usually happens, market participants should run prices to the parity... Besides, it's impossible to talk about monthly target pips to pips, it's just nonsense.
     
  7. forexclues

    forexclues Private

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    I posted something on GBP USD video thread

    Hi Sive Morten

    I'm sorry to post this here.

    I have posted something on the GBP USD video thread.

    Please I really need your reply.

    I also want to know if the strong GBP(q/q) data for gbp will let the market to remain positioned to the upside.

    Is downside temporary context still valid.....as in 1.5650 level?

    Please your reply is highly awaited.

    Thanks for your help.
     
  8. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Hi, Forexclue. Well, market can remain positioned to the upside. Because, if you've read weekly thread carefully, market just above one of the strong support areas. And the main question was - will it pass through or not.
    Also, remember, that I've talked about possible MACD Predictor failure signal on a weekly chart. In one word, this signal is forming right now and for termination and completing trend shifting to bearish, market has to close below 1.5690 on Friday. If this will not happen, then we can see a new highs on GBP...
     
  9. jjcolihan@comcast.net

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    EurUsd

    Hello Sive,

    I believe the euro retracement to the downside is now underway as of October 25 with a bearish candle on the daily timeframe and price pivoting above and now below 1.3950. The daily timeframe shows a butterfly sell pattern that begins on November 29, 2009 at 1.5144. Price has made a .707 fibo retracement from that high to the 1.1876 low, at 1.4158.

    This sell pattern may not hold if price bounces from the 1.3763 support you reference in your daily video analysis. However, if price breaks this support, we may be in for a much deeper retracement, perhaps to 1.2748.

    What do you think?

    Thanks for your insight,

    Jeremiah
     

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  10. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Hi, Jeremiah.
    In one word, your butterfly is not correct. Right wing should be higher/lower then left, and not inside it. In fact right wing is an expansion of left and not vice versa. Butterfly is not just a painting. ;)
     

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