1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

EUR/USD Daily Video, February 02, 2011

Discussion in 'Sive Morten- Currencies, Gold, Bitcoin Daily Video' started by Sive Morten, Feb 2, 2011.

  1. Sive Morten

    Sive Morten Special Consultant to the FPA

    Joined:
    Aug 28, 2009
    Messages:
    12,504
    Likes Received:
    17,998
    Hello everybody,
    Unfortunately today is very poor subject for discussing - we didn't get either DRPO or B&B, so all that we can talk about today are some levels to watch for:



    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, Feb 2, 2011
    Lasted edited by : Aug 15, 2015
  2. chrisdress

    chrisdress Recruit

    Joined:
    Jan 9, 2011
    Messages:
    9
    Likes Received:
    0
    weekly macdp failure

    Hi Sive:

    is the weekly close below 1.3730 still in play?

    thanks

    Chris
     
  3. Sive Morten

    Sive Morten Special Consultant to the FPA

    Joined:
    Aug 28, 2009
    Messages:
    12,504
    Likes Received:
    17,998
    Hi Chris
    Not 1.3730, but 1.3430, presicely 1.3427 is MACDP number for current week.
    So, I think that it will hardly happen.
     
  4. chrisdress

    chrisdress Recruit

    Joined:
    Jan 9, 2011
    Messages:
    9
    Likes Received:
    0
    weekly outlook

    Sive: this was from your weekly outlook this week. this is where you talk about the 1.3730 as key area; have you changed your outlook or is close below 1.3730 an MACDP failure pattern?

    Thanks

    Chris

    "Situation on weekly chart has not changed much. On previous week we’ve discussed couple of moments. First, ABC target at 1.4354, but it still beyond the weekly overbought and I think that it hardly be actual for coming week. The second thing is much more important. This is potential MACDP failure pattern. Currently we have doji week. Formally, market has closed above red line – i.e. above MACDP (see table on the chart in the corner). It means that trend has turned bullish, but this is for 5 pips. If market on coming weak will close below the red line – this will be MACDP failure pattern. In this case we can count on move at least to 1.29 area. Besides, 1.3730 is 5/8 Fib resistance. So, in fact, this is a single moment that important on weekly time frame."
     
  5. Sive Morten

    Sive Morten Special Consultant to the FPA

    Joined:
    Aug 28, 2009
    Messages:
    12,504
    Likes Received:
    17,998
    Ok, I've got it. It looks like I've made a typo there. My mistake, sorry.
     
  6. chrisdress

    chrisdress Recruit

    Joined:
    Jan 9, 2011
    Messages:
    9
    Likes Received:
    0
    euro macdp failure (weekly)

    Sive:

    Sorry to be dense...confirming that close below 1.3730 on Friday confirms macdp failure and move toward 1.29.

    Thanx for your help!

    Chris
     

Share This Page