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Posted By: Farrukh kayani

Posted On: Oct 18, 2008
Views: 2270
more down

ur points are quite valid and i agree.but lets put it simple
1.oil is going down.
2.gold is going down.
3.ebc is cutting rates.
4.world is in recession.
all of above are anti-euro.us $ is now a favourite i have been bullish of euro since last 4 years, u can see on this forum.but now looking for extreme reversal i think thats all over and now us $ would certainly go up.the only explanation i get is "in recession low yielding currencies go up" these are japnese yen and us $.plus the oil will go down because world economy is in meltdown.arabs can't get oil prices under control earlier also it was a big bubble.so lets it put it oil would get supported at $50 or even less.a known economist said it might hit $30.till then hold on to us $ and wait.mostly asian currencies are at record lows to us $.indian rs at all time lows,pak rs at all time lows,and also bangldesh taka so all adds up to give strength to us $.


Posted By: nagarajan

Posted On: Oct 13, 2008
Views: 2302
zar/usd

any take on usd/zar tumbling for a short term?


Posted By: craigdude

Posted On: Oct 12, 2008
Views: 2306
Euro going back up? When?

ok- imagine this scenario for a minute please- The whole world is on a fast track to great depression-( reality is that this is a given- sorry) commodities down- gold not rising like it should( because of market uncertainty) and somehow the dollar is up against the Euro- How and why is the dollar up against the Euro- it doesnt make any sense to me- yes dollar is up because oil is down- BUT we all know oil won't stay down- question is - will the Euro certainly go back up to at least $1.48 when oil goes back up due to oil producing countries shortening suppies because they miss the sweet high profits- and since oil is a limited commodity? and I cant understand commodities going down when they are a limited supply ?


Posted By: choudhary mohammad sarwar riaz

Posted On: Oct 12, 2008
Views: 2119
eur/usd

welcome, almost market behaver was same as i post in march with stop up side have not hit market and now low side have reach with same points but here i wants to do some changes with stop becaue market showing behaver some other in this his dropping , market is diping un wind so remaining year now i am looking 1.3137 buying point with stop 1.3114if my point out stop market hold then up side i am looking consolidation a good size first hurdel 1.3331,1.3480,1.3631,and dipif market start up 1.3948 etc 1.4090,1.4231 and1. 4822 but closing of the year i am looking 1.3460,80 or 1.4060 and any close below 1.3114 after that,see last post good bye...Posted By: choudhary mohammad sarwar riaz

Posted On: Aug 14
Views: 1498
eur/usd
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Posted By: choudhary mohammad sarwar riaz

Posted On: May 25
Views: 1294
eur/usd
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welcome,Posted By: ch.mohammad sarwar riaz

Posted On: Mar 13
Views: 2598
eur/usd
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i am looking end up move 1.5769 stop1.6074 and now looking 1.4148 in comming days and if this stop hold then in november 2008 after consolidation i am looking 1.70000etc if not stop hold then up side end ........this week is sporting week 1.5654,1.5920june holding month 1.5621,1.5282 but july aug, sep,oct up mation1.4148and then back any close below 1.3523,1.3233 can change my this view ,,,,,,,over all i am looking 2.2158 market going for touch in comming years and stay there five, six years if usa bear this then he should countinue this his war ,he should pay pakistan army because most of his banks and others big unts have solid and eat, in this usa war, pakistani talban kills army because they not self fight and them fight if pakistan army
draw back usa also finshied because he can not pay back world trade money and can corrputed



Posted By: Farrukh Kayani

Posted On: Oct 7, 2008
Views: 2337
ECB may start cutting rates

now that ecb has chnaged the neutral stance into cutting rates stance.i expect a fall in eur/usd to 1.20.-1.30 areas.although a small impulse yop 1.37 will be seen but the more likely picture will it will fall.


Posted By: Farrukh Kayani

Posted On: Oct 3, 2008
Views: 2110
eur/usd update

we are seeing strength in eur/usd pair now and i think it can't fall below 1.37 ish .my intrest and confidence with gbp/usd is high.i think gbp/usd is likely to sustain any more losses but will go up against euro and other pairs.u can see falling eur/gbp in next few weeks as pound is already down way too much.its like very difficult for pound to remain this low..
here is a strategy:
eur/usd neutral.
gbp/usd up.
eur/gbp down.


Posted By: Farrukh Kayani

Posted On: Sep 26, 2008
Views: 2235
usa $ doomed

there is no confidence left in usa economy now.as i predicted start of this year usa is in total meltdown and we can see that happening.trillions of dollars worth of mortgages are in default.althought as i said earlier this is a "planned recession" as usa plans to starts using Amero by 2010 so thats why they r devaluing us dollar."usa is no more world financial super power" france, whereas cina said "it dissappointed us to know what happened in usa economy.we thought usa is great world economy now we realize our teacher is going bankcrupt".adding fuel to fire is chinese decision not to invest in usa anymore.you will soon see euro again at record highs and us $ again going down.lehman brother,fredie,fannie, and others prove that usa economy is going down as planned by usa herself.


Posted By: Farrukh Kayani

Posted On: Sep 23, 2008
Views: 2171
eur/usd going to 1.52

target 1.52 .i think its going to be big rally back up to 1.52 ,look at gold price $900/ounce that explains it should shoot up


Posted By: Farrukh Kayani

Posted On: Sep 21, 2008
Views: 2091
next week..

eur/usd will go up to 1.46 then fall to 1.42 then another move up.


Posted By: choudhary mohammad sarwar riaz

Posted On: Sep 21, 2008
Views: 2022
eur/usd

In the bigger picture, medium term up trend from 1.1639 has completed at 1.6038, after a double top reversal pattern (1.6019, 1.6038) and subsequent decisive break of medium term rising trend line support. While a short term bottom is in place and corrective rebound is in progress seen, the whole decline from 1.6038 is still expected to extend further after completing the correction. Sustained trading below 1.3851 will indicate that fall from 1.6038 has resumed to next target of 61.8% retracement of 1.1639 to 1.6038 at 1.3319 first. On the upside, sustained break of double top neckline resistance at 1.5284 is needed to confirm decline from 1.6038 has completely finished. Otherwise, medium term outlook will remain bearish./////with due respect i agree last action but looking next week ,and this week 1.5000 stop selling 1.3999 hold may.


Posted By: Farrukh Kayani

Posted On: Sep 15, 2008
Views: 2199
eur/usd will fall to 1.40

market reactions are totally out of control and unexpected.eur/usd was the sole winner in start and then lost as fast as it gained.its looks quite possible even now euro has not enough thrust to move higher but going down is highly likely.also some chinese firms,iranian banks have started selling euros which will trigger more fall.from area of 1.3850 i see a base there..below 1.3850 is unlikely as long as my views are concerned.


Posted By: choudhary mohammad sarwar riaz

Posted On: Sep 14, 2008
Views: 2293
eur/usd

welcome,,,,yes i agree this and next week this action can be,,EUR/USD dived further to as low as 1.3881 last week but rebounded strongly towards the end to close to week just slightly lower. Touching of 1.4236 resistance, with bullish convergence condition in 4 hours MACD and RSI, indicates that a short term bottom is likely in place, after drawing support from key medium term support at 1.3851 (50% retracement of 1.1639 to 1.6038 at 1.3839). Short term outlook is turned neutral for the moment with bias on the upside. Further rebound should be seen this week to correct whole fall from 1.6038, targeting 1.4629/4908 resistance zone. Though, upside is expected to be limited there and bring fall resumption


Posted By: Farrukh Kayani

Posted On: Sep 14, 2008
Views: 2184
eur/usd uptrend to hit 1.53 then fall

i m expecting it to reach 1.53 then start a fall as dismisal data from europe arrives on monday and tuesday.


Posted By: Farrukh Kayani

Posted On: Sep 9, 2008
Views: 2183
unstable euro continues -1.3385 is next

i will personally recommend u to avoid any investment in euro at present.if my counts are right this week should end below 1.40 which may lead to 1.38
1.38 is a strong hold but i don't expect it will give support either seeing the pace of decline which means euro is most likely heading towards 1.3385.as u can see my clear shift of long euros to just watch now is because all the corrective phases are over and seeing gold,oil decline , that all suits it.


Posted By: B.Whirestae

Posted On: Sep 8, 2008
Views: 2161
dramatic fall

It is very interesting to see that there is no real logic in trading . 20 cents down of euro in a copple of weeks. Why ????
Sentiment ......the grass is more green at the other side of the big lake. One sheep made trip others are following . How stupid it was to think that the dollar was facing to be in a free fall. Impossible . U.S.A is not like the kinder garden of Roberto Mugabe.

Good luck


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