€/$

[byran]

I do notice that when cable goes up, usdcad goes up too and vice versa.
Well, lately u/c dropped too quickly so that relationship hasnt been intact most of the time.

Wallace, do you have mid-term analysis for cable and euro? Thanks ..
What is your opinion on a retrace for cable before going beyond 2.1?

[Wallace]

byran, gbp has already breached the 1991/2 HHs, passed the grey 23.6 Retracement
fibo and touched the white 23.6 Retracement fibo which once broken . . . attached chart

likewise the 'last stop' for the euro is the 1.4535 synthetic euro HH - 3/31/95 -- leaving
the euro free to run to . . . the 1.475/1.48 area ? -- yellow 61.8 fibos

the Fed will answer some of the question tomorrow

[byran]

Thanks for the reply ...

Wallace, when you say US$ to 0.50 .. you mean USD/CHF = 0.5?
and C$ = 1.20 .. meaning USD/CAD = 1.20? rebounding back or keep diving?

[TraderPierre]

Originally Posted by byran

I do notice that when cable goes up, usdcad goes up too and vice versa.

.

[byran]

Originally Posted by TraderPierre

.

Never mind that. That was only a "phenomenum" I observed on my account.

[Wallace]

byran: " when you say US$ to 0.50 .. you mean USD/CHF = 0.5 ? "
post # 5: the devaluation of the US$ . . . many write of the $ going to $0.50

byran: " and C$ = 1.20 .. meaning USD/CAD = 1.20? rebounding back or keep diving ? "
both — depends on the chart you're using ; ) post # 8: attached chart

[Wallace]

attached pdf contains a few new charts but the main reason for the post
is to add an additional time target of January 2008 — see pdf page 12

[Wallace]

some changes plus PPP charts