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EUR/USD Daily Video, April 18, 2011

Discussion in 'Sive Morten- Currencies, Gold, Bitcoin Daily Video' started by Sive Morten, Apr 16, 2011.

  1. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Good morning,
    Recent price action tells, that market is building an energy for possible break out. At the same time, looks like upward breakout is more probable than downward due to some nuances:




    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.
     
    #1 Sive Morten, Apr 16, 2011
    Lasted edited by : Aug 15, 2015
  2. dpowen

    dpowen Private

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    Hi Sive,

    Hope you have a great weekend.

    If you get a chance would you mind briefly looking at NZDUSD in the coming week there is some serious blow off price action with 22 consecutive days above the prior daily range.

    If you got out a protractor I'd say a 65-70% angle at the moment, can it go vertical?

    Thanks again for your analysis, you're a champ for donating your time as you do.

    Cheers.

    David.
     
  3. dpowen

    dpowen Private

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    Also, is the current price action on the daily chart showing negative dynamic pressure or am I not understanding the term correctly.

    Price action has just probed 1.4280/1.4300 support on whispers of Greek problems however maybe this will give us more range trading under 1.4470 for a while or is this a push to wash the weak longs out of the market?

    Interested in your thoughts.

    Thanks

    David
     
  4. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Hi David,
    On your currencies is very good potential for Directionals. On NZD it could be B&B, on AUD - DRPO. I will track them carefully...

    Yep, I see it, once we've discussed that we even can get some retracement on weekly EUR/USD and get a B&B "Buy" there.
    But let's wait for today's close and take a look fresh view on the market tomorrow.
    Probably ECB rate hike will hint. Although US has weaker data also, inflation still growing. So, many things could change after FOMC on 26 April.
     
  5. MastrBlast

    MastrBlast Recruit

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    #5 MastrBlast, Apr 18, 2011
    Lasted edited by : Aug 15, 2015
  6. Stag

    Stag Sergeant

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    To avoid criticism do nothing, say nothing, be nothing.

    It was not Sive's fault. He does an outstanding job day by day and shares his analysis with us - free of charge.

    To avoid criticism do nothing, say nothing, be nothing. So keep up the good work Sive!

    All the best
     
  7. asif faryad

    asif faryad Sergeant

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    well done Stag

    Yes Sives anayalis is brillant!!!!!!!!

    As he makes it absolutely crystal clear that he cant predict what the market can do.

    Thanks Sive for teaching us traders who wish to trade for living!!!!:):):)

    Asif:)
     

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