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EUR/USD Daily Video, August 11, 2011

Discussion in 'Sive Morten- Currencies and Gold Video Analysis' started by Sive Morten, Aug 11, 2011.

  1. Sive Morten

    Sive Morten Special Consultant to the FPA

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    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.
     
    #1 Sive Morten, Aug 11, 2011
    Lasted edited by : Aug 15, 2015
  2. asif faryad

    asif faryad Sergeant

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    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 :)
     
  3. Vix

    Vix Private, 1st Class

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

    Sive Morten Special Consultant to the FPA

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    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.
     

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