EU, Echf & Gchf are all poised for a downtrend

surveycash:

EU, Echf & Gchf are all poised for a downtrend

a good one, audusd may follow

bidemi12:

My sincerest opinion is to sell away. But i look at the market long term. so if you dont have the stomach for long term trades then dont. but if you do then sell EU for a tp of 14133.

Gaddemit!!! i'm Good.

Are we there yet?

Am loving EU

Attention shifts to Brussels and Eurogroup meeting as concerns about Italy mount, China inflation hits 6.4% and trade surplus widens, while aftershock from US payrolls shifts to start of earnings season and tomorrows FOMC minutes. Sterling rebounds ahead of inflation data this week.

With little in the way of economic data today the focus looks likely to remain on the ongoing situation in Europe with todays meeting in Brussels of euro zone finance ministers. Reports at the weekend suggest that EU leaders are beginning to think about ways of lowering the debt burden on Greece, though how this would be worked out isnt likely to take some form of shape for some weeks yet. Concerns about Italy remain as Italian regulator insists on full disclosure of short positions ahead of this weeks bank stress test results.

Concerns about the global recovery continue to weigh on investors this week after Chinas inflation rate jumped to 6.4% for June, while the trade surplus widened to $22.7bn, driven higher by a slide in imports as growth starts to slow and demand drops off. A 14.4% rise in food prices drove the rise in inflation which explains last weeks rise in interest rates.

On Friday attention briefly switched to the US and the extremely disappointing payroll figures for June, which came significantly lower than expected and have raised concerns about the sustainability of the current US economic recovery, amidst the backdrop of the stalemate between Republicans and Democrats with respect to the raising of the debt ceiling and fears of a possible US default.

Current market thinking is that policymakers will see sense and avert such a scenario, however politicians could well take it to the wire as each side looks to the other to see who will blink first.

Fridays payroll figures have raised expectations of further QE, however this seems unlikely given the current political deadlock and we could well see the Feds thinking with respect to this with tomorrows release of the latest FOMC minutes. With earnings season starting tonight with Alcoas results markets will be looking for any silver linings with respect to a rebound in risk after Fridays nasty surprise.

The pound was also be in focus this week, having rebounded on the back of European woes with both inflation and retail sales data due out, however it is likely that prices will continue to remain high and sales sluggish, especially given this weekends news of inflation busting energy price rises, this time from British Gas, starting next month.

Rain ooooo, haba, my house dey float oo 

Chai Lagosooosssso

pips dey run, house dey float

JAZES, abeg reply to my request, i need the stuff this morning.

honeric01:

Rain ooooo, haba, my house dey float oo 

Chai Lagosooosssso

pips dey run, house dey float

JAZES, abeg reply to my request, i need the stuff this morning.

get a flying boat or possibly a yatch
but life is funny sha, while people are dying everyday because of drought in somalia and other places , rain is causing mayhem here, thats really the irony of life in exhibition

This indicator does not repent and I have been using it for the past 7 years on daily. As you could see There is buy signal on USD/CAD daily and A sell signal on AUD/USD on daily. Whenever the signal appear wait for the next day candle and before entering your order. Target is always 300-600 pips plus. Or you exit whenever the opposite signal appear.

^^ do u mind sharing

let me know if u need it

aguiyi:

^^ do u mind sharing

Awoof

You mean time to scalp EJ because that's the only thing you sabi

scopusng:

let me know if u need it

yep - localjuju@gmail.com

aguiyi:

yep - localjuju@gmail.com

Brother I fear ur email addy die!!!

hehehehe, na juju thins na  

So guys, anyone with update on EU, GU and EJ?

honeric01:

So guys, anyone with update on EU, GU and EJ?

Technically,

EU is going to test 1.3970. If it fails to hold, then price may continue downward for about 85 pips @ 1.3892 before any major retracements.

GU, me no dey trade that pair for now.

EJ is looking to test 111.822 area,

My opinion,

surveycash:

Technically,

EU is going to test 1.3970. If it fails to hold, then price may continue downward for about 85 pips @ 1.3892 before any major retracements.

GU, me no dey trade that pair for now.

EJ is looking to test 111.822 area,

My opinion,

For EU, is this after we see it retrace a bit to close to 1.41xx before this 1.38xx?

EJ, hmmm, maybe more down is expected?

Perfect time to short Gold: two lots. first Tp 1476.80, second tp 1422.07. Happy pippinp.

make no mistake; usdjpy is still very bullish. the effect of NFP will soon end; buy 2 lots. first tp 8105, second tp 8200.

Audusd is conforming according to expectations. As put out last week, take first tp at 10536 the second at 10377, or there-about, and the last two at 10203. happy pipping.

scopusng:

This indicator does not repent and I have been using it for the past 7 years on daily. As you could see There is buy signal  on USD/CAD daily and A sell signal on AUD/USD on daily. Whenever the signal appear wait for the next day candle and before entering  your order. Target is always 300-600 pips plus. Or you exit whenever the opposite signal appear.

scopusng:

let me know if u need it

I need it too email is coolenuf4u@yahoo.com Thanks

usdcad is preping up for another round of shorting. we have taken the first tp of 9577 and the second lot is still running. we are praying that price pushes further north, up to 9783 upon which we will short another lot to 9577, while still maintaining the last lot for a tp of 9500. Happy pipping people.

@Bidemi
I have followed your predictions with keen interest. So far, you have been wonderful. You are really making this Forex Thread thick. Well done and keep it up.


May the pips continue to be with you.

jamace:

@Bidemi
I have followed your predictions with keen interest. So far, you have been wonderful. You are really making this Forex Thread thick. Well done and keep it up.


May the pips continue to be with you.

Glad to be of service. I may be cocky and a bit arrogant, but like my first sergeant would say, "yeah, i've earned it".