Comments on: FX market still in cross-movement phase https://fxww.com/fx-market-still-in-cross-movement-phase/ The Professional Source Mon, 03 Jun 2013 09:09:02 +0000 hourly 1 By: Papillon https://fxww.com/fx-market-still-in-cross-movement-phase/#comment-21572 Mon, 03 Jun 2013 09:09:02 +0000 http://381c099c8f.nxcli.net/?p=8093#comment-21572 Thanks Sean for this advice. I am going to look for opportunities elsewhere ๐Ÿ˜‰

]]> By: Sean Lee https://fxww.com/fx-market-still-in-cross-movement-phase/#comment-21568 Mon, 03 Jun 2013 08:53:56 +0000 http://381c099c8f.nxcli.net/?p=8093#comment-21568 I’d be careful there Papillon; remember that we have come from 76 last October so its up almost 30%! The market is thinking that 100 is a buy-dip opportunity, I doubt it somehow. I think China has exactly the right idea with the 97/104 dnt

]]> By: Papillon https://fxww.com/fx-market-still-in-cross-movement-phase/#comment-21567 Mon, 03 Jun 2013 08:50:51 +0000 http://381c099c8f.nxcli.net/?p=8093#comment-21567 Sean,

For USD/JPY, what do you think at this level 100.00 ? If it holds, we could have a good buying opportunities ?

]]> By: Steven https://fxww.com/fx-market-still-in-cross-movement-phase/#comment-21390 Fri, 31 May 2013 02:53:01 +0000 http://381c099c8f.nxcli.net/?p=8093#comment-21390 of course, why didn’t I make that association ๐Ÿ˜‰

Thanks for the info

]]> By: Sean Lee https://fxww.com/fx-market-still-in-cross-movement-phase/#comment-21389 Fri, 31 May 2013 02:45:33 +0000 http://381c099c8f.nxcli.net/?p=8093#comment-21389 Steven, the first ever physical connection between the US and the UK was a cable laid in the 1930’s between NY and London to allow banks to determine the correct exchange rate. Hence the GBP/USD is known as ‘cable’.

]]> By: Steven https://fxww.com/fx-market-still-in-cross-movement-phase/#comment-21388 Fri, 31 May 2013 02:36:32 +0000 http://381c099c8f.nxcli.net/?p=8093#comment-21388 Thanks Danny, I will look into that also.

Cheer

]]> By: Danny https://fxww.com/fx-market-still-in-cross-movement-phase/#comment-21387 Fri, 31 May 2013 02:26:28 +0000 http://381c099c8f.nxcli.net/?p=8093#comment-21387 Hi Steven,
GBP/USD

]]> By: steven https://fxww.com/fx-market-still-in-cross-movement-phase/#comment-21386 Fri, 31 May 2013 02:23:54 +0000 http://381c099c8f.nxcli.net/?p=8093#comment-21386 What are you referring to when you say cable?

]]> By: Danny https://fxww.com/fx-market-still-in-cross-movement-phase/#comment-21384 Fri, 31 May 2013 02:03:28 +0000 http://381c099c8f.nxcli.net/?p=8093#comment-21384 lol, it makes you feel naked.
If cable dips to 1.5200 i will initiate a long. Not sure if i can see it going lower and it is difficult to catch you know.will take the risk and suffer the loses while wait for it to climb.
1 more thing, its almost weekend (some risks)

]]> By: Sean Lee https://fxww.com/fx-market-still-in-cross-movement-phase/#comment-21383 Fri, 31 May 2013 01:57:43 +0000 http://381c099c8f.nxcli.net/?p=8093#comment-21383 Definitely agree on both counts Danny. I’ve been without a position for almost 24 hours, withdrawal symptoms setting in ๐Ÿ™‚ I’m being tempted ๐Ÿ™

]]> By: Danny https://fxww.com/fx-market-still-in-cross-movement-phase/#comment-21382 Fri, 31 May 2013 01:48:27 +0000 http://381c099c8f.nxcli.net/?p=8093#comment-21382 morning Sean. Cable is worth a long given the double bottom and also current USD weakness. A dip would be an opportunity imho.
Still love to go long for EUR/CHF at this level.

]]> By: Sean Lee https://fxww.com/fx-market-still-in-cross-movement-phase/#comment-21378 Thu, 30 May 2013 23:35:42 +0000 http://381c099c8f.nxcli.net/?p=8093#comment-21378 Hi Tommy. I’m tending to think we might be getting close to a short-term base? AUD/NZD still looks heavy but AUD/USD starting to form base which implies NZD/USD higher. USD starting to smell a bit; cable and EUR/USD look bullish and USD/CHF up-trend has broken.
I prefer long this pair but wud like to buy near 8025ish with stops below 7950

]]> By: Tommy https://fxww.com/fx-market-still-in-cross-movement-phase/#comment-21377 Thu, 30 May 2013 23:22:58 +0000 http://381c099c8f.nxcli.net/?p=8093#comment-21377 Howya Seรกn,
Any opinion/insight to NZD/USD?
Getting ready to go through 0.8000 or is this possibly a bottom? I like the idea of going short but am finding it hard to find any reputable non bank bullsh*t info about the pair!

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