Monday, December 15, 2008
I
wrote last week that “a trendline needs to put to test a few times
before giving way to a break. Staying above .5356 keeps the bullish
trend intact.Major resistance does not begin until .6137/83,
which is the November 4 high / 38.2% of .8219-.5186.” There is no
change to the NZDUSD call for strength. Rallying above .5580 would
permit bulls to move risk to .5415.
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posted by fxgencurrencies,
in dollar, Traders
@ 10:16 PM,
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Saturday, December 06, 2008
Retail traders have become increasingly bearish towards the U.S.
dollar after a government report showed that Non-Farm Payrolls fell
more than half-a-million jobs in November, the most in 34 years. In
fact, according to the FXCM SSI which measures the positioning of
thousands of retail traders, the ratio of long to short positions in the EURUSD stands at 1.22 as nearly 55% of traders are long euros... [read more]
posted by fxgencurrencies,
in forexgen, Traders
@ 1:15 AM,
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