[prichards516]

Out of curiosity, how much of my fellow enthusiasts are into trading currencies?

[Vanity]

I see what you did here.

[BMWinNorthdakota]

Taking a 4x course this sem. Subd

[Express]

gbp/jpy got the best of me lol

[prichards516]

Taking a look at Wednesdays daily chart, the U.S. dollar has slipped below its clear rising trend line after meeting its A=C objective around the 82, paired with momentum divergence. Indeed, recent action warns of a possible top in place in the index. Focus will shift first to the open gap at 78.64.


*will post pics later*

[prichards516]

Originally Posted by Vanity

I see what you did here.

LOL i subscribed to your stock thread too...nice to see another traders insight and strategies.

[Vanity]

Originally Posted by prichards516

Taking a look at Wednesdays daily chart, the U.S. dollar has slipped below its clear rising trend line after meeting its A=C objective around the 82, paired with momentum divergence. Indeed, recent action warns of a possible top in place in the index. Focus will shift first to the open gap at 78.64.


*will post pics later*

You have signs of the USD index topping out? That'd be awesome insight in the StockMarket thread as we think the SPX is topped out.

Not to mention, institutional players are shorting the USD dollar 10:1 currently. I believe non-commercial players are long the dollar 7:1, alongside retail investors longing 10:1. Seems like institutional players are ahead of the game.

[prichards516]

Pre-market: $eurusd 1.2863, $usdjpy 76.99, $gbpusd 1.553, $usdcad 1.0141, $audusd 1.0462, $nzdusd 0.8051, $usdchf 0.9381, $eurjpy 98.99

[txz4]

i have everything i own in Euros and Gold

[prichards516]

Originally Posted by txz4

i have everything i own in Euros and Gold

yea theres a lot of money to be made in foreign exchange!

[moveit]

Originally Posted by txz4

i have everything i own in Euros and Gold

Most of everything you own will soon be gone if you keep holding them euros

[txz4]

Originally Posted by moveit

Most of everything you own will soon be gone if you keep holding them euros

and that was the point of the joke...

[prichards516]

$USDCAD trying to hold the 50% fib retracement on the 0.94 to 1.065 upswing. Still think there is possibility to head towards 0.99 & 0.97

[prichards516]

Pre-market: $eurusd 1.3214, $usdjpy 76.68, $gbpusd 1.5723, $usdcad 1.0017, $audusd 1.0635, $nzdusd 0.8232, $usdchf 0.9123, $eurjpy 101.35

[prichards516]

USDCAD has slipped below the daily triangle that has remained intact for nearly 3 months. Indeed, triangle's occur in B or 4th waves according to the rules of Elliott waves. As such, the recent developments signal that we are headed lower in the C wave with ideal targets towards the 0.97.