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EUR/USD Daily Video, February 09, 2012

Discussion in 'Sive Morten- Currencies, Gold, Bitcoin Daily Video' started by Sive Morten, Feb 9, 2012.

  1. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Good morning,
    since market has not returned below 1.3237 as was suggested by bearish scenario, in short term it will probably proceed to 1.3340-1.3360, but weekly B&B "Sell" is still valid:




    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, Feb 9, 2012
    Lasted edited by : Aug 15, 2015
  2. kwambi

    kwambi Recruit

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    mr

    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.[/QUOTE]

    hey sir, i dont understand your information as to which currency is going 2 benefit, is usd or euro? please explain i details im still new here, thank you
     
  3. onenikos

    onenikos Corporal

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    Dear Sive, As I have mentioned in my previous notes, we are now at a "euphoria" reaction for Greece. This could be short lived thogh. Firstly within the 15 days limit to accept troica proposals a lot can happen in the form of protests that effect politicians. Secondly there is serious questions raised about the legality of such a decision. Therefore volatility will be high. There are serious voices raising the alternative to default within the Eurozone as Greece can only leave the Euro on its own decision as there is no legal way to be expelled. Finally recent polls show a dramatic rise of the 3 left parties that if they colaborate could form a government in the next elections, if they happen at all! I personally believe that the "players" will push the euro as high as possible during this "euphoria" period, knowing (as in the monthly chart) that eventually this cannot work and would profit from the sharp fall. I hope that we have boarded the right train! Have a good day.
     
  4. RahmanSL

    RahmanSL Major

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    onenikos, that's precise the multimillion dollars question: Is the present rally a trap for the bulls?? And it was posted by some analyst.


    That got me thinking: If I were in the EZ and I want to clear the market of all bears & bulls who have been and still are heavily speculating on the currencies, what would/should I do???

    In fact, that remark by that analyst would be a pretty good solution….create a sense of a rally and then in one sweep, announce that Greek politicians cannot come to an agreement, their PM has resigned, and that default is imminent or Greece is temporarily out of the union or some drama like that.
    After all, most people have more or less expected Greece to become one or the other and it just became a formality to announce that.

    So, the EUR/USD will drop like a ton of hot bricks down to the more realistic 1.24-1.25 levels : )

    I think I will take some shorts today if the EUR/USD rally high enough : ).
     
  5. onenikos

    onenikos Corporal

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    I would wait for shorts, according to Shive's analysis. There will be enough pips downhill to catch them on the way. But anyway down movement looms.:)
     
  6. sukky

    sukky Recruit

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    I will also take some Short sell and wait to see the result for the rest of the Day .
     
  7. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Hi Kwambi,
    In general, it depends on how market will behave in nearest days. If it will hold above previous 1.3240 highs then move to next resistance at 1.3360 will be more probable.
    if it will return right back below it - then it could be the first sign of possible move to 1.2880 area at least.
     

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