Nikhil
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Nikhil posted a blog post

EURUSD Bear Flag Pattern 14 September 2011

Hi, Last 2 weeks, we had a terrible fall of Euro against Dollar. I tracked the trade here at http://www.forexstreet.net/profiles/blogs/eurusd-ascending-triangle-pattern-on-d1-charts-01-september-2011 We had a nice bouncing support on Monday at ~1.3500 levels and then the correction resulted in about +200pips to the upside. The price had a nice range and…See More
Sep 14, 2011
0 Comments
Nikhil commented on Peter jcp's blog post How good are the experts at predicting - EU - Sept 12 - 16 2011 ?
"Peter, Honestly, my personal expectations for eurusd pair were to reach 1.67/69 after breaching 1.53 levels when it crossed 1.35 earlier this year. lol.. I guess lot now depends on 1.33/35 zone :-)"
Sep 12, 2011
Nikhil commented on Peter jcp's blog post How good are the experts at predicting - EU - Sept 12 - 16 2011 ?
"This Monday is a Full Moon Monday.. so beware of  the unexpected moves ;-)"
Sep 12, 2011
Nikhil commented on Nikhil's blog post EURUSD Ascending Triangle Pattern on D1 Charts - 01 September 2011
"Yup, agreed. As long as the price is above 1.3654, I will look for correction towards above. When the price dips downside, the imminent target to conquer is at level 1.3385 which is definitely a major support. Come on, we are not in recession, (or…"
Sep 11, 2011
Nikhil commented on Ron William's blog post GOLD signals downside risk in coming days!
"Okay, I see 1920 as an interesting level. If this crosses, we have 2046 to conquer and then perhaps start ceding to the strength in the USD.   What are the latest thoughts on this Ron?"
Sep 11, 2011
Nikhil commented on Peter jcp's blog post How good are the experts at predicting - EU - Sept 12 - 16 2011 ?
"Hey, thats an interesting post Peter :-)   In my personal view, the weekly trendline has been broken with a way down which marks the continuation of the bearish stance. So, according to the price action, the trendline could be tested again and…"
Sep 11, 2011
Nikhil commented on Jai's blog post EURUSD – Formation of new pattern - Short term
"Jai,    Is the number (or alphabeting?) right? because you ticked both c and d as upswings and that for me is a problem in counting the waves in a right way.   Sure enough, the channel posted is looking right and is talking of…"
Sep 11, 2011
Jai commented on Nikhil's blog post EURUSD Ascending Triangle Pattern on D1 Charts - 01 September 2011
"Ya Nik.. Ur view s absolutely rite. But, i don't think the pair would dip to 1.33 lvls in short term...It may take some tym.. I would say, buy at 1.3650... It ll definitely show 300pips upwards and then see a dip again.. Also, as I pointed n my…"
Sep 10, 2011
Nikhil commented on Jai's blog post EURUSD – Formation of new pattern - Short term
"Good to note the levels using the Fibonacci , Jai.   Title of the post, suggests that there is a formation of new pattern. It could be highly useful if you could please upload a snapshot or picture showing the pattern and then analysis over it."
Sep 10, 2011
Nikhil commented on Nikhil's blog post EURUSD Ascending Triangle Pattern on D1 Charts - 01 September 2011
"Ok, the trade setup and plan are accomplished with positive result. Now its time to review the chart again, I will post again when there is a very good trade setup and decisive with valid risk. :-) Looking at the charts, 1.3800 was broken violently…"
Sep 10, 2011
Nikhil commented on Nikhil's blog post EURUSD Ascending Triangle Pattern on D1 Charts - 01 September 2011
"Close rest of the position as the initial target is met. The odds are favouring a correction to the upside. As this is the end of the week, perhaps the next week will see some correction."
Sep 9, 2011
Nikhil commented on Nikhil's blog post EURUSD Ascending Triangle Pattern on D1 Charts - 01 September 2011
"Close 80% position at 1.3850 with +400pip gain. The strong support zone is in play.  It will be interesting to see if there is a correction to the upside and then play the shorts again. September has truly unleashed a big trend in EURUSD…"
Sep 9, 2011
Peter jcp commented on Nikhil's blog post EURUSD Ascending Triangle Pattern on D1 Charts - 01 September 2011
"Well done Nikhil - great reasoning for your call and I like that you are prepared to take approx 80% out to protect what must be some nice profits - regards Peter"
Sep 8, 2011
Nikhil commented on Nikhil's blog post EURUSD Ascending Triangle Pattern on D1 Charts - 01 September 2011
"Update: Okay the short position played out really well, considering the breakout scenario. There was a retest towards 1.4250 yesterday's bullish move but that was put down heavily by the shorters again and an overall single sell position…"
Sep 8, 2011
Nikhil commented on Nikhil's blog post EURUSD Weekly Chart Analysis 30 July 2011
"I have the child post update made here at http://www.forexstreet.net/profiles/blogs/eurusd-ascending-triangle-pattern-on-d1-charts-01-september-2011"
Sep 8, 2011
Nikhil posted a blog post

EURUSD Ascending Triangle Pattern on D1 Charts - 01 September 2011

Hi, Note: This blog post can be also considered as a followup to my previous post http://www.forexstreet.net/profiles/blogs/eurusd-weekly-chart-analysis?xg_source=activity Its been a staggeringly consolidating moves in EURUSD for the past one month in the bull flag zone except for month end. The bull flag on the weekly charts has been around since the peak of 1.49ish levels.It turned out that…See More
Sep 1, 2011
7 Comments
Nikhil commented on Nikhil's blog post EURUSD Weekly Chart Analysis 30 July 2011
"Call this update a followup :   Its been a staggeringly consolidating moves in EURUSD in the bull flag zone. It turned out that the break indeed happen but the price again fell into the flag pattern making a downward move of more than…"
Sep 1, 2011
Nikhil commented on mcapitalmarkets's blog post #USDJPY Small Diamond
"I term that a possible inverted head and shoulders pattern.. combined with a bullish divergence :-)  "
Aug 6, 2011
Nikhil commented on Ron William's blog post GOLD signals downside risk in coming days!
"Well, it sounds like there is a contrariness in the gold chart analysis ; atleast thats what I read from this: http://www.fxstreet.com/fundamental/analysis-reports/gold-investments-market-update/2011/08/03/?fb_ref=homes-recommendations thought…"
Aug 6, 2011
Nikhil commented on Ron Schelling's blog post Strong Swiss Franc good for investors but not for the Swiss.
"EURCHF -- bleh..call it exaggerating.. I wonder whether Euro is headed towards parity against the Franc. Looks like it would, given the pace at which it is making weekly/monthly moves and with all time new lows almost every one or the alternate…"
Jul 31, 2011

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Nikhil's Blog

EURUSD Bear Flag Pattern 14 September 2011

Posted on September 14, 2011 at 4:07pm 0 Comments

Hi,

 

Last 2 weeks, we had a terrible fall of Euro against Dollar. I tracked the trade here at http://www.forexstreet.net/profiles/blogs/eurusd-ascending-triangle-pattern-on-d1-charts-01-september-2011

 

We had a nice bouncing support on Monday at ~1.3500 levels and then the correction resulted in about +200pips to the upside.…

Continue

EURUSD Ascending Triangle Pattern on D1 Charts - 01 September 2011

Posted on September 1, 2011 at 1:00pm 7 Comments

Hi,

 

Note: This blog post can be also considered as a followup to my previous post http://www.forexstreet.net/profiles/blogs/eurusd-weekly-chart-analysis?xg_source=activity

 

Its been a staggeringly consolidating…

Continue

EURUSD Weekly Chart Analysis 30 July 2011

Posted on July 30, 2011 at 5:00pm 5 Comments

Hi,

 

Its the end of the weekend trade and also month end, but certainly looks like a beginning of some interesting moves for EURUSD coming weeks in the month of August. I am quoting few possibilities out of my chart here and any discussions/feedback are welcome.

 …

Continue

GBPCHF Bullish Breakout Possibility 28 July 2011

Posted on July 28, 2011 at 7:07am 5 Comments

The triangular setup is looking familiar and the bottom of GBPCHF at 1.3070 levels is solid atleast for this week it has been.  The chart is ready for a bounce to atleast 1.3250/80 levels. A sustained break above 1.3105 could confirm this. The triangles are common when the cycles are nearing or end of major waves in the wave theory, but it is also to be noted that since the major trend is downwards, it could also signal a fake breakout too, fingers…

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