[J. Abizeid]

Originally Posted by admiral

You are misunderstanding my posts , in all my posts i am not predicting that the dollar will strenghten or weaken , what i am doing is analyzing the charts and concluding accordingly ,if in the near future the charts shows a euro bullish signal , i will be posting that the euro will strengthen .
Your problem is that you are only focusing on the fundamental analysis , and ignoring the technical analysis of the charts.

If you read my previous posts you will notice that i mentioned the following :

1) in 1 of your posts you were predicting that the euro will bounce back from the 1.40 level , i replied to your post by saying that the charts are showing downtrend move as long as the 1.45 -1.48 level on the upside was not broken , eventually the euro couldnt break the 1.45 level and it head down to the 1.35 area .

2) in my post last week i mentioned that if the euro doesnt break above the 1.3785 resistance level it will be heading down again , the euro twice reached the 1.3750 level however it couldnt break higher , and eventually now it went down to the 1.31 level .

3) today we are in the 1.31 level , if we will analyse the charts we can say that if the Euro doesnt break above the 1.32.5 resistance and 1.33 downtrend line there is a big probability it will be heading under the 1.30 level , if it breaks above the 1.33 level this is a positive sign .

let us wait and see if my reading of today chart was correct or not !

I got your point and you are doing a splendid job. I really mean it.
But here is the question: Is the melting global stock boosting the dollar or the dollar strength is sinking the stock.
As of now, the Asian market is sinking but the dollar and the Yen are rising.
Nikkei 2258,674.69 -631.56 -6.79%

Hang Seng14,610.49 -430.68 -2.86%

Straits Times1,822.16-98.63 -5.13%