FOREX PRO Weekly April 15-19, 2013

Google could not help me much. Would you please tell me Sive what is the VOB patter. What is its elaborated name.
 
Hi Bigbuck,
VOB could appear anywhere, but it doesn't not transfer automatically on other pairs that have relation to EUR or JPY.
Look at DOSC.
 
Hi Sive!

I must say I`d really appreciate if you kept updating EUR/USD pair every single day instead jumping from one pair to another. Of course I have nothing against JPY pair as long as you don`t forget about EUR.

Anyway hope that today`s move up will be worth to make another update and thanks again for your helpful analyzes!
 
I will present myself,

my nick is Leo (my name is not) and first of all I would like to thank Sive for his work and everyone else who has built and contributed this wonderful site. Special thanks to Sive, who treats all of us with special care.

I'm a automobile designer, so any comment I make has to be put into that context; but I follow closely the markets and I trade often.
 
I have a question regarding correlation

At the moment you are following two pairs. EURUSD and EURJPY. I understand the logic of both trades but the context is suggesting to me that one of the two pairs is not telling us the truth

On the EURUSD we are expecting a pullback to zone 1.3230-80 and we are almost there. On the EURJPY we are looking at an 161f impulse above max. Which means:

1) If we are going to get both of these simultaneously it means the USDJPY has to go through a vicious impulse and this is the pair to follow for longs and not the EURJPY
2) Could we be getting a W&R on the EURJPY instead.
 
Relating to the question above
I attach my view on the weekly EURJPY:

1) blue - my target and retracement target
2) in yellow - w&R scenario I asked about previously
3) In white - the impulse i believe to be the good one
4) the grey box - above, it's a buy. Bellow, it's a sell. W&R scenario to anticipate the sell options

I hope I can't upload the picture

EURJPY-week.jpg
 
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Relating to the question above, as well
EURJPY:

I upload the same picture in the daily
EURJPY - daily.jpg
 
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Last picture
Dollar Index and - correlation with Euro

During the night of the Cyprus deal the Dollar Index made a huge inverted hammer (see picture) it didn't have massive volume but the range was massive, Do you think this candle can tell us something? or am I thinking too much?:

1) Watch how significant the fibo levels of this candle are. Coincidence?
2) Yesterday we had a huge spike in volume as it approached the 50% fibo. The volume was similar to the levels seen during the Cyprus week. (Volumes are of the futures - regulated and used by professionals I believe)
3) I did not see a similar (inverted) candle in the EUR or any other pair - how is this possible?
4)I did check with the broker and this candle is not a platform error
USD Index.jpg
 
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