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GBP/USD Daily Video, October 11, 2010

Discussion in 'Sive Morten- Currencies and Gold Video Analysis' started by Sive Morten, Oct 9, 2010.

  1. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Hello, everybody

    GBP has very clear bullish bias in longer term, but very difficult to analyze it in shorter term perspective. It has some contradictive signals, and who knows which one will prevail. Also Cable has some tricky possibility for intraday trading. Although context is not very solid, risk/reward ratio is very nice.




    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, Oct 9, 2010
    Lasted edited by : Aug 15, 2015
  2. jorsh grant

    jorsh grant Recruit

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    mr novice

    hello sive
    i really do enjoy your post and analysis , superb work and God bless.
    i read your post on aud/usd or aud/jpy. i also took the time to cross check the platform its current position, but the figure or number on the platform as exceed the number on your new post on AUD. beside the trend on aud /usd is still bullish, any possible position for retrace on long or short term and possible target point.
    i hope someday, i will be in this position to help people like you are sive.
    great work.
    :D;):embarrassed::):cute:
     
  3. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Hi, Jorsh,
    Well, the major expectation currently on Aussie is a parity - 1.0
    I didn't make detail analysis, but price action on AUD is very similar to EUR, when it had come to parity for the first time.
     
  4. Jyotiprakash Pal

    Jyotiprakash Pal Sergeant

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    Thank you once again sive sir , i learn 1st drive 2nd drive thing today :) its great learning from you .
    :) learning trading from a mentor like you , is a dream come true :) thanks lot masta
     
  5. William Edward

    William Edward Recruit

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    Just wanted to take the time to THANK YOU for your GREAT and thorough analysis!!!!!!
     
  6. cosmos

    cosmos Sergeant

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    Hi Sive, Thank you for all your analyses. I have a question about the EURUSD. Do you think the EURUSD will reach 1.4450? I believe this is .618 expansion from 1.6035 to the low of 1.1876 - is that correct? Also, do you still think it will reach the 1.4042 level before it retraces fully, or does a 2nd retreat from just above the 1.4000 level indicate a weaker market for this pair. In the longer term, do you expect market to reverse its uptrend at 1.4450 and then hit new lows, or to continue rising to make new highs? I know it is a bit early to estimate this but I wondered if you had any thoughts on it.
     
  7. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Hi Cosmos,
    I've prepeared video and daily update in weekly thread, where I've talked about in details ;)
    But in general, in longer term, there is some probability that market can reach 1.618 expansion around 1.50 area. In shorter term rather, I expect retracement to the downside, and one of the scenario - market can show second top a bit higher then current one, if it will be DRPO Sell pattern.
     

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