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Thread: Who will win?

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    Default Who will win?

    We are seeing some interesting stuff happen with the pound/dollar cross.

    Generally speaking, this cross tends to follow somewhat the directionality of the euro. However, the euro began its downtrend several hours ago and the pound is only just beginning to show this.

    From a fundamental perspective, the reason for this has to do with questions with Geitner's plan along with several other factors.

    The US market seems to be liking it based on how equity markets are moving which means sentiment is likely to move to the dollar.

    On this one, I'm going to give a somewhat complex signal. We are looking for a short on this cross.

    Wait until 1.4540 is hit

    Then, use williams percentage range (14 period) on a 1 minute chart.

    The cross will likely trend down past the 1.4540 level. WAIT THOUGH.

    Wait for the cross to bounce and swing up. When you see williams close above -20, and then close below -20, that's your entry.

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    Quote Originally Posted by smart4rex View Post
    pounds broke 1.4540.thats fine.but i think gbp/usd in in uptrend.the bounce back wont exceed 1.4460 after which the uptrend start again.thats my view
    USD is strengthening against Euro, Yen, and Aussie. Sideways against the Frank.

    The likelihood that dollar weakens against Pound with so much movement into the dollar (particularly against the euro) is pretty slim. So, from this fundamental perspective, we've got a sell situation on the pound.

    Now lets look at technicals ...

    The trend has shifted (looking a the 1 hour chart).

    If you are using 2 moving averages, by now they will have crossed. Stochastic is showing a sell, Awesome is showing sell, MACD is showing sell, Parabolic is showing sell.

    Fundamentally and technically, the dollar should strengthen against the pound.
    Last edited by PipDoctor; 03-23-2009 at 02:12 PM.

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    Quote Originally Posted by PipDoctor View Post
    USD is strengthening against Euro, Yen, and Aussie. Sideways against the Frank.

    The likelihood that dollar weakens against Pound with so much movement into the dollar (particularly against the euro) is pretty slim. So, from this fundamental perspective, we've got a sell situation on the pound.

    Now lets look at technicals ...

    The trend has shifted (looking a the 1 hour chart).

    If you are using 2 moving averages, by now they will have crossed. Stochastic is showing a sell, Awesome is showing sell, MACD is showing sell, Parabolic is showing sell.

    Fundamentally and technically, the dollar should strengthen against the pound.
    Hello PipDoctor

    I closed my sell orders on GBP/USD (14.00 GMT) and switched to buy orders GBP/USD

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    Quote Originally Posted by PipDoctor View Post
    We are seeing some interesting stuff happen with the pound/dollar cross.

    Generally speaking, this cross tends to follow somewhat the directionality of the euro. However, the euro began its downtrend several hours ago and the pound is only just beginning to show this.

    From a fundamental perspective, the reason for this has to do with questions with Geitner's plan along with several other factors.

    The US market seems to be liking it based on how equity markets are moving which means sentiment is likely to move to the dollar.

    On this one, I'm going to give a somewhat complex signal. We are looking for a short on this cross.

    Wait until 1.4540 is hit

    Then, use williams percentage range (14 period) on a 1 minute chart.

    The cross will likely trend down past the 1.4540 level. WAIT THOUGH.

    Wait for the cross to bounce and swing up. When you see williams close above -20, and then close below -20, that's your entry.
    Hello PipDoctor

    Here's a strange thing to punder

    07.00 (GMT) EUR/USD open 1.3679 current price 1.3629 19.00 (GMT)
    07.00 (GMT) GBP/USD open 1.4561 current price 1.4550 19.00 (GMT)

    Not much point/pip difference despite Geitner's plan.

    For 4 hours up to 11.00 (GMT) the 2 sets of pairs moved in different directions only to come together again, so was it a 4 hour wonder ?

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    Default

    the fubdamental situation is really confusing..cant really say who is gonna win

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