Good Afternoon, Some analysts are predicting a Doji hammer close today regarding the EUR/USD pair. I am open long at the moment. Is my position going to improve with this prediction or deteriorate rapidly?? I quick answer would help. Regards, Eduardo
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- GBPJPY – Moving Lower January 30, 2012Last Thursday’s short call on the 240 min gbpjpy chart duly in the overnight Asian session, since when the pair has continued to move lower. The chart shows a healthy red trend, with a red heatmap, red volume with my double timeframe also red I am not expecting a reversal higher any timeRead More... […]Anna
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Hi
First of all I am assuming you mean end of day trading at the New York close. If a doji hammer does indeed form then we would expect the euro to rise but not by much. However, the market is still undecided. Having looked at reactions from 6 “experts” who all heard the same speech from Trichet they are divided as to whether the ECB is hawkish or dovish. They don’t know and neither does the ECB.
We also have nfp tomorrow after which we will have a clear idea of euro direction for the short and medium term.
Hope the above helps.
Anna