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EUR/USD Daily Video, June 06, 2011

Discussion in 'Sive Morten- Currencies and Gold Video Analysis' started by Sive Morten, Jun 5, 2011.

  1. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Good morning,
    Market has reached our weekly target. Although bullish momentum is strong currently, prices stand and daily overbought, so it's not a time to Buy right now:




    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, Jun 5, 2011
    Lasted edited by : Aug 15, 2015
  2. Afandi oh

    Afandi oh Recruit

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    hello Sive,

    seeing that it is not a good time to buy right now, is it a good time to sell or not to enter the market?

    what is your forecast on euro/usd by the end of this week?
     
  3. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Hi Afandi,
    My approach to the market is not based on forecasts, but on acting according to some patterns and signals.
    For, instance, I can make some forecast if I see some pattern/signal, but this forecast is based particularly on it.
    Since I do not see currently nothing interesting, I can't tell you where market could appear at the end of the week.
     

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