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Trade Against The Retail Herd 8th Mar

Pivotfarm's picture
Submitted by Pivotfarm on 03/08/2011 03:20 -0400



 
What's new today?


EURUSD remains in its uptrend, however we are seeing a rather large sentiment shift in retail positioning with the EURUSD very close to Neutral territory after a spell in the strong long zone, GBPUSD is now also in the Neutral zone. Key news events that could have an impact on positioning are CAD Housing Starts released at 8:15 EST, and also tentatively timed is a speech by BOE Gov King.
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Provided by Pivotfarm via the Technical Analysis blog
 
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Tue, 03/08/2011 - 11:16 | 1029528 johny2
johny2's picture

you may as well throw the beans on the floor and look for the clues to fx trading there.....

Tue, 03/08/2011 - 09:21 | 1029202 GFORCE
GFORCE's picture

Enjoy your posts pivot farm. Good work GS also. That EUR is setting up a great short. To parity?? Possibly.

The threat since QE1 has always been the '08 style deflationary bust. Would swamp anything Bernanke tried to do.

Tue, 03/08/2011 - 09:20 | 1029200 GFORCE
GFORCE's picture

Enjoy your posts pivot farm. Good work GS also. That EUR is setting up a great short. To parity?? Possibly.

The threat since QE1 has always been the '08 style deflationary bust. Would swamp anything Bernanke tried to do.

Tue, 03/08/2011 - 08:55 | 1029138 Grand Supercycle
Grand Supercycle's picture

I'm sticking with my March 7 call that EURUSD topped at 1.4035 on March 7 and marks the beginning of the leg down.

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