FOREX Pro Weekly, November 15-19, 2010

[Sive Morten]

Post editing

Try these indicators. I have not tries them myself but maybe they work.

For some reason the file did not attache. Maybe I am doing something wrong. Will try again.

Sorry, MidnightRun, but I had to edit your post and delete zip archive from it.
FPA does not permit to place any bootleg software here. The point is that DiNapoli indicators are registered trademark and he has not official pack for MT4.

 

[Sive Morten]

EUR/USD Daily Update, Fri 19, November 2010

Good morning,
today we will take a look at hourly chart directly, because there is nothing really interesting on higher time frames.
Couple of moments here. First of all, we have some logical profit objectives just above the market. They are 1.618 expansion from small ABC- bottom at 1.3680 and 100% expansion that is just above the next Fib resistance at 1.3793.
Now market is forming triangle pattern, trend turns bearish, but price action does not confirm this. This scenario very often leads to new highs, i.e. upper break out of triangle pattern. But the breakout could be twofold:
1. Market can just touch 1.3680 target and return back - this will be Wash and Rinse, and in this case we should clear out the lows of triangle pattern, or even can reestablish downside move
2. If market will break triangle and hold there. Then, we can count on move to 1.3790.

 

[MidnightRun]

Indicators

Sorry, MidnightRun, but I had to edit your post and delete zip archive from it.
FPA does not permit to place any bootleg software here. The point is that DiNapoli indicators are registered trademark and he has not official pack for MT4.

Well, fair enough Sive.

 

[Inverse]

So... do you think it can still hit 1.3300 mate?

 

[georgeta]

Indicators

Well, fair enough Sive.

Sorry for the request. I did not know the rules. My appologies.

 

[MidnightRun]

Indicators

Sorry for the request. I did not know the rules. My appologies.

I was not aware of this rule either.

 

[Damian1987]

Nice work Sive!

Well done!

 

[Cut7]

So... do you think it can still hit 1.3300 mate?

That's what I want to know as well.

Sive,

Do you still predict 1.333? The outlook for the Euro doesn't look good according to the news. Ireland needs a bailout, Austria refusing to pay the their part of Greece's bailout. Finland not wanting to help Ireland, & now Portugal says they need a bailout.