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EURUSD

  • #1,170,101
  • May 18, 2020 1:08pm May 18, 2020 1:08pm
Quoting bobcam
I don't get it guys how come all EURUSD GBPUSD AUDUSD went up when USDJPY USDCNH USDCAD they are basically moving together
they all one thing in common! USD

Did that help?
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  • #1,170,102
  • May 18, 2020 1:16pm May 18, 2020 1:16pm
Quoting mistaouting
{quote} they all one thing in common! USD Did that help?
But isn't it EUR that made the recovery fund? so EUR is the only thing that was supposed to go up against USD
but not the others! so why would the us get infected with other currencies ?
  • #1,170,103
  • May 18, 2020 1:20pm May 18, 2020 1:20pm
Only Thomas Jordan can answer your question. I'll PM you his number!
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #1,170,104
  • May 18, 2020 1:21pm May 18, 2020 1:21pm
Quoting bobcam
{quote} But isn't it EUR that made the recovery fund? so EUR is the only thing that was supposed to go up against USD but not the others! so why would the us get infected with other currencies ?
recovery fund was not moving markets...market was RISK ON today....money moved to assets with better returns like the JPY and CHF...EURO down against them as is the USD

USD went down today because it was the "SAFE HAVEN" investors went to it which is why it went up...now some investors selling off and going into those other assets with better returns....RISK ON...
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  • #1,170,105
  • May 18, 2020 1:24pm May 18, 2020 1:24pm
#EURUSD / H4
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  • #1,170,106
  • May 18, 2020 1:39pm May 18, 2020 1:39pm
Quoting mistaouting
{quote} recovery fund was not moving markets...market was RISK ON today....money moved to assets with better returns like the JPY and CHF...EURO down against them as is the USD USD went down today because it was the "SAFE HAVEN" investors went to it which is why it went up...now some investors selling off and going into those other assets with better returns....RISK ON...
Am really confused cuz am new to trading that's why
Thank you so much thoo
and when do u think this trend will end?
  • #1,170,107
  • May 18, 2020 1:42pm May 18, 2020 1:42pm
Quoting Techanalyst
Possibly price will reach around 1.09xx-1.10xx. EURGBP going up long term. {image} {image}
Hey, are you still using the concepts/strategy you learned from brooks? I was wondering if I should buy it or not. Any advice?
Luck Favors the Bold
  • #1,170,108
  • May 18, 2020 1:59pm May 18, 2020 1:59pm
Quoting bobcam
{quote} Am really confused cuz am new to trading that's why Thank you so much thoo and when do u think this trend will end?
if someone sneezes and tweets about it....maybe at that point. Honestly who knows...don't think the market even knows where it wants to go.

I could not would not try to tell when it may change...but I suggest keeping up with headlines on the virus....more talks of opening up countries and vaccine then continues to sell usd...markets close without a rush back to usd and Asian markets show same sentiment continue trend....if you not in now wait for conformation
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  • #1,170,109
  • May 18, 2020 2:15pm May 18, 2020 2:15pm
possible tomorrow EU back to ~1.0840

then again up to ~1.0950

lets see ..
  • #1,170,110
  • May 18, 2020 2:23pm May 18, 2020 2:23pm
Quoting seincard
possible tomorrow EU back to ~1.0840 then again up to ~1.0950 lets see ..
My tp sits at 1.0840. but I doubt tomorrow again a bull day.
  • #1,170,111
  • May 18, 2020 2:28pm May 18, 2020 2:28pm
Quoting Kingofnight
{quote} My tp sits at 1.0840. but I doubt tomorrow again a bull day.
me too

Anyway
The economic crisis is getting worse
And huge waves are still on the way
  • #1,170,112
  • May 18, 2020 3:19pm May 18, 2020 3:19pm
Quoting mistaouting
my thought is the big move comes early next week...second trading day...trade safely! EDIT: "big" relative...considering past couple weeks
Hold that thought!

EDIT: I was actually considering tomorrow....don't know if I short it or long tomorrow.....will make call as I see price action over night....that that move I forecast maybe what I got today...but I hope tomorrow is even better
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  • #1,170,113
  • May 18, 2020 3:38pm May 18, 2020 3:38pm
It`s preparing to go further up, look at the steep rise, fix, accumulation and next leg up! Loosing of carantines restrictions and increase of demand will make a good effect to all currences worldwide till the autumn before the second wave of coronavirus will overwhelm the countries!
  • #1,170,114
  • May 18, 2020 3:44pm May 18, 2020 3:44pm
Quoting Sunnyland
It`s preparing to go further up, look at the steep rise, fix, accumulation and next leg up! Loosing of carantines restrictions and increase of demand will make a good effect to all currences worldwide till the autumn before the second wave of coronavirus will overwhelm the countries!
well that isn't a very "sunny" outlook
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  • #1,170,115
  • May 18, 2020 4:09pm May 18, 2020 4:09pm
Quoting Callitradar
{quote} Hey, are you still using the concepts/strategy you learned from brooks? I was wondering if I should buy it or not. Any advice?
I never bought any books to learn about forex trading. Everything is online and free. Can't help you there.
  • #1,170,116
  • May 18, 2020 4:12pm May 18, 2020 4:12pm
I.congratulate SNB for 40% of its manipulation-intervention money already burnt in air in 5 hours only.

Good Job
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #1,170,117
  • May 18, 2020 4:17pm May 18, 2020 4:17pm
Eurusd looking good to short
Master your mind. Master Trading.
  • #1,170,118
  • May 18, 2020 4:25pm May 18, 2020 4:25pm
EU may test late 1.0950s today before turning downside to hold support starting with early 1.0870s to 1.0840-50 Max. bottom
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #1,170,119
  • May 18, 2020 4:37pm May 18, 2020 4:37pm
Quoting ChiForex
EU may test late 1.0950s today before turning downside to hold support starting with early 1.0870s to 1.0840-50 Max. bottom
Don't let it test 1.0950 now.
  • #1,170,120
  • May 18, 2020 4:40pm May 18, 2020 4:40pm
Quoting Techanalyst
{quote} I never bought any books to learn about forex trading. Everything is online and free. Can't help you there.
Unfortunately, I wasted a lot of money on books and courses. There were a few gems, however. But yes, most of the stuff can be found for free online.
Learn from your mistakes and march on.
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