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- scyang replied Apr 30, 2008
It's very possible. But I think anybody holding usdchf long position should be smart enough to take their profit and run before then.
USD/CHF
- scyang replied Apr 30, 2008
Yeah it trended up pretty violently. Do you expect it to go down again or is the downtrend finished?
Malaysia
- scyang replied Apr 30, 2008
You went long on euro or cable? How many pips are you expecting?
Malaysia
- scyang replied Apr 30, 2008
Consumer confidence is only marginally better. Not much to speak of.
EURUSD
- scyang replied Apr 30, 2008
There is swiss news coming out at 5:30. Is that supposed to help euro also if it's red?
Malaysia
- scyang replied Apr 30, 2008
Does it mean that cable still will go down? It's been trending upwards.
Cable Update (GBPUSD)
- scyang replied Apr 30, 2008
Well the numbers came out somewhat favorable to your short position. Hope euro stays the down trend. Thanks for the warning.
Malaysia
- scyang replied Apr 30, 2008
German unemployment rate came out at 7.9% vs 7.8% expected at 3:55 PM GMT+8. Do you think it's got anything to do with the euro descent? It was supposed to be low impact event.
EURUSD
- scyang replied Apr 30, 2008
Where did you get in short position? You have been waiting patiently considering how far up it went.
Malaysia
- scyang replied Apr 30, 2008
I am not mathematically challenged and I've got a math Ph.D. in the house too. But I don't know the theoretical reason behind it. Wish I were in that class to listen.
EURUSD
- scyang replied Apr 30, 2008
Well euro is going down. So cable going down too? But cable hasn't moved much.
Cable Update (GBPUSD)
- scyang replied Apr 30, 2008
How low do you think this thing will go? What about the potentially damaging news from the US later on?
EURUSD
- scyang replied Apr 30, 2008
What's the problem with cable. It is still going up. Where does it mean to go?
Cable Update (GBPUSD)
- scyang replied Apr 30, 2008
What makes you think euro is going up? Can you give your analysis?
Cable Update (GBPUSD)
- scyang replied Apr 30, 2008
Thank you for the information. Good to learn. But I did notice that eurchf has moved around, up and down, quite a lot, even in the last couple of days. What does that mean? If they are a complete cross, then eurchf should hold still.
EURUSD
- scyang replied Apr 30, 2008
What is the price of the bullish trendline. Can't see from the chart. Thanks.
EURUSD
- scyang replied Apr 30, 2008
Plenty potentially damaging news can come out of the US tonight. Really have no idea what kind of a rollercoaster we will have.
Cable Update (GBPUSD)
- scyang replied Apr 30, 2008
The excitement just never ends. I thought it was going to be a quiet day until the US market opens with all the numbers coming out. But no, they don't want us to be too bored and fall asleep.
EURUSD