Yes, it looks like there will be slight bounce from the Fibo retracement it hit yesterday. Maybe back to 1.06? RoRo53 said to say hi.

Cesarnc's market talk, gossips, rumours & fun

In regard to the EURAUD pair, it looks like the formation of the pattern on the M5 chart has created the first half of a true head and shoulders pattern. If the formation holds, expect the pair to retrace to ~1.22805, then trade sideways for ~10 ...

Cesarnc's market talk, gossips, rumours & fun

Yes, I saw that, too. I caught the move up from the beginning of the week, then sat out while it consolidated, to see what the equity markets would do, then Bam! It shot the moon. FXLapozi called that move higher in USDJPY, too, last night on the ...

Cesarnc's market talk, gossips, rumours & fun

EURAUD is trying to break below a tight trendline that rocketed the pair higher these last few hours.

Cesarnc's market talk, gossips, rumours & fun

I was thinking the same thinkg. The Japanese respect honour and it seems that with Noda sticking to his word and calling the election, that will win a lot of points.

USD/JPY Discussion

But we all know he can talk as much as he wants to. His words mean nothing.

USD/JPY Discussion

He did that yesterday.

USD/JPY Discussion

Okay... I don't get it. They say they're going to hold off on intervention but the pairs spike anyway? What is going on? Are algos running this entire market or what? Or the Japanese are comfortable with Xinping Ji as Chinese leader?

USD/JPY Discussion

What effect does the closing of the European equity market have on your decision to trade the Euro?

E.&O.E.

AUDUSD has broken major upward trendline on H4. May be a good time to catch some retracement. Also, EURAUD looks quite overextended.

Cesarnc's market talk, gossips, rumours & fun

So he may say something about the poor collateral that has been measured in the Spanish banks? If so, that would mean that they would have to come up with a lot more money, so the Euro may take a hard dive... They wouldn't let that happen would ...

Cesarnc's market talk, gossips, rumours & fun

What do you suppose will be the statement made on Spain from EU's Rehn at 1515? How do you think the Euro will react? url

Cesarnc's market talk, gossips, rumours & fun

Thanks.

E.&O.E.

So you mean you accept large drawdowns because your indicators are usually correct but there could be large fluctuations in market noise that your system allow you to ignore?

E.&O.E.

In this case it is up to the Fed to support Japan. Get long to 80.435.

USD/JPY Discussion

Is that a Japanese Red Maple? They are just beautiful. I can't grow them in Texas because of the heat.

E.&O.E.

Does this idea extrapolate to USDJPY? Common sense says it should be rising but the pair was hammered today.

E.&O.E.

Well, that may be what happened but it doesn't explain it fundamentally. Fundamentally, the USD should be gaining strength across the board but not against the yen. In the Asian session tonight, the pair absolutely just hovered there, doing nothing. ...

USD/JPY Discussion

Yes. It seems very wrong. The USD should be surging by now but it is not. I am already in a long position but the pair keeps dropping and I cannot explain why except to say that the USDJPY pair is still a risk currency pair, even though the events ...

USD/JPY Discussion

Bounce... — It looks like it will hold. Watch for a bounce off the zero line higher on the M30 CCI (14), which will extend the UJ's recovery from all-time lows. Upside target is the Fibo-level at 82.135. Why am I wrong?

USD/JPY Discussion