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EUR/USD Daily Video, February 15, 2011

Discussion in 'Sive Morten- Currencies and Gold Video Analysis' started by Sive Morten, Feb 15, 2011.

  1. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Good morning,
    market has reached strong area of support and accomplished Gartley AB-CD pattern, so I think that moment for some pullback has come. Depending on who you are - intraday trader or day trader, there are different opportunities, but levels to watch are the same:







    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 15, 2011
    Lasted edited by : Aug 15, 2015
  2. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Nice butterfly is forming on hourly EUR chart. The first 1.272 target is 1.3590
     
  3. erich

    erich Private, 1st Class

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    ad butterfly

    hi Sive,

    thanks for your reliable analyses on EUR/USD!!!

    Sive, please could you give us a comment on USD/CHF - the daily chart forms a bearish Gartley, the second in a row; maybe could it be the initial signal to finish the 127,2% expansion of the monthly butterfly?
    by the way, USD/JPY shows similar price action; the monthly butterfly (since 2000) finished 161,8% expansion of XA;

    thank you,
    Erich
     
  4. ny8wolf

    ny8wolf Private

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    Where's the 127.2 at?
     
  5. erich

    erich Private, 1st Class

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    Usd/chf

    127,2% expansion of XA of bearish butterfly (monthly) USD/CHF chart: at 0,89

    greetings, Erich
     
  6. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Hi Erich, sorry for delay,
    you're absolutely right about CHF Butterfly - we've talked about it in some researches previously. I suppose it should reach 1.27 because CD sell-off is faster and there are nice downbars...
     

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