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Cable Update (GBPUSD)

  • #586,601
  • Mar 28, 2021 9:48pm Mar 28, 2021 9:48pm
Attached Image (click to enlarge)
Click to Enlarge Name: Cuplikan layar 2021-03-29 094705.png Size: 99 KB
Like me, cuts losses quickly. But has more patience and lets his winn
  • #586,602
  • Mar 28, 2021 10:15pm Mar 28, 2021 10:15pm
Quoting Ehsank78
{quote} Covid restrictions is relaxed in the UK Two households or groups of up to six people are now able to meet outside in England again as the stay-at-home Covid restrictions order comes to an end.
Covid-19 is worsening in mainland euro. The same is true in US and Canada. There is sign of third wave!
  • #586,603
  • Mar 28, 2021 10:56pm Mar 28, 2021 10:56pm
Quoting Benton
GU will retest 1.3750. I have a doubt whether this line could hold? What finally deciding direction is the fundamental, not technical analysis! At the moment, people are worried about the third wave of covid-19 and growing tension with China. This pushes dxy up. GU could drop to 1.3710-20!. My sell position is still running. This is my guess. I could be wrong!
I would like to ask your thinking behind the DXY going up because of 3rd wave, when the DXY has gone down since the pandemic, thanks in advance
  • #586,604
  • Mar 28, 2021 11:10pm Mar 28, 2021 11:10pm
Quoting Waveskierrob
{quote} I would like to ask your thinking behind the DXY going up because of 3rd wave, when the DXY has gone down since the pandemic, thanks in advance
worsening covid cases and tension with china have impact on equity market. Capital tends to flee the equity market in this situation and seeks safe haven currencies, such as jpy and usd. USD is typically a safe haven currency. When there is trouble in the world, the USD tends to rise, so the dxy goes up!
  • #586,605
  • Mar 28, 2021 11:14pm Mar 28, 2021 11:14pm
Quoting Benton
{quote} worsening covid cases and tension with china have impact on equity market. Capital tends to flee the equity market in this situation and seeks safe haven currencies, such as jpy and usd. USD is typically a safe haven currency. When there is trouble in the world, the USD tends to rise, so the dxy goes up!
yes but since the start of the pandemic USD has gone down, so not safe haven
  • #586,606
  • Mar 28, 2021 11:37pm Mar 28, 2021 11:37pm
Quoting Waveskierrob
{quote} yes but since the start of the pandemic USD has gone down, so not safe haven
Market reaction does look illogical in many situations, but it does happen! Market reacts to similar situation differently in different situations. It comes down to one question: surprise. If one thing is a surprise to market, market will react. If not, market won't react.

When pandemic started, this was a huge surprise to equity market and equity market crushed one year ago. But later, news about pandemic was no longer a surprise to market, so equity market started to recover. The similar situation is happening now. Everyone is expecting covid cases to drop, but the fact is not the case! This is a surprise to market. So market has a reaction!
  • #586,607
  • Mar 28, 2021 11:44pm Mar 28, 2021 11:44pm
Quoting Benton
{quote} Market reaction does look illogical in many situations, but it does happen! Market reacts to similar situation differently in different situations. It comes down to one question: surprise. If one thing is a surprise to market, market will react. If not, market won't react. When pandemic started, this was a huge surprise to equity market and equity market crushed one year ago. But later, news about pandemic was no longer a surprise to market, so equity market started to recover. The similar situation is happening now. Everyone is expecting...
" Everyone is expecting covid cases to drop, but the fact is not the case!" how do you know this?
  • #586,608
  • Mar 28, 2021 11:57pm Mar 28, 2021 11:57pm
Quoting Waveskierrob
{quote} " Everyone is expecting covid cases to drop, but the fact is not the case!" how do you know this?
Just several days ago, or one week ago, covid cases are dropping. This was one of reasons GU went up! If you looked at the numbers, you would believe it too! At that time, many people, or market, including me, believed that covid cases would continue to drop, vaccines would solve the pandemic problem.
But now, look at the number again. The cases number is picking up. This is a surprise to market!
  • #586,609
  • Mar 29, 2021 12:14am Mar 29, 2021 12:14am
closed sell position at 1.3767. I expect GU range between 1.3760 and 1.3790 for a while. In London session, GU could drop to 1.3710-20 before goes up.
  • #586,610
  • Mar 29, 2021 12:16am Mar 29, 2021 12:16am
Stay Cool , its just a started of Weekly . dont get in conclusion and trade what you see .
chill chill ^_^ market is friendly

i was watching in these 2 day where the market will be moved . we have a big weekend here . Monthly Candle Close up , NFP , also a few mover news can change anything
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #586,611
  • Mar 29, 2021 12:43am Mar 29, 2021 12:43am
Attached Image (click to enlarge)
Click to Enlarge Name: CamScanner 03-29-2021 08.41_1.jpg Size: 124 KB
yes yes yes
  • #586,612
  • Mar 29, 2021 12:45am Mar 29, 2021 12:45am
Quoting kris89
1.37650 area is the bullish pullback if the price want to climb up this week so we can see the bull is real enter or not xD {image}
lets see if this london make these day a cup of coffee
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #586,613
  • Mar 29, 2021 12:46am Mar 29, 2021 12:46am
Quoting Moty
{image}
i expect price broke double resistance for preparing NFP
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #586,614
  • Mar 29, 2021 12:54am Mar 29, 2021 12:54am
i am taking long around 3760/50 for 3850 today.
Intraday only.
  • #586,615
  • Mar 29, 2021 12:57am Mar 29, 2021 12:57am
Quoting Benton
{quote} Covid-19 is worsening in mainland euro. The same is true in US and Canada. There is sign of third wave!
Its dropping in the UK. Over 50% of the adult population Jabbed up!!!!
Don't trade what you think. Just what you see!!!
  • #586,616
  • Mar 29, 2021 1:02am Mar 29, 2021 1:02am
Quoting Benton
{quote} Just several days ago, or one week ago, covid cases are dropping. This was one of reasons GU went up! If you looked at the numbers, you would believe it too! At that time, many people, or market, including me, believed that covid cases would continue to drop, vaccines would solve the pandemic problem. But now, look at the number again. The cases number is picking up. This is a surprise to market!
Cases are failing.

https://www.bbc.co.uk/news/uk-51768274
Don't trade what you think. Just what you see!!!
  • #586,617
  • Mar 29, 2021 1:06am Mar 29, 2021 1:06am
Attached Image (click to enlarge)
Click to Enlarge Name: Cuplikan layar 2021-03-29 120821.png Size: 83 KB
Like me, cuts losses quickly. But has more patience and lets his winn
  • #586,618
  • Mar 29, 2021 1:14am Mar 29, 2021 1:14am
Quoting Theoak
{quote} Its dropping in the UK. Over 50% of the adult population Jabbed up!!!!
UK may be different. But you look at the numbers in France, Germany, brazil, Canada.... their numbers are surging again! USA number is also picking up.
DXY responds to worldwide event, not just UK event.

DXY reaction may be temporary, lasing only one day! But it could drag GU to lower end of 1.37s!
  • #586,619
  • Mar 29, 2021 1:15am Mar 29, 2021 1:15am
Quoting M.Fadly
{image}
Didn't you post a chart when you think it goes up (1,3865) before 3 hours ago? Now you think down (1,3700)?
  • #586,620
  • Mar 29, 2021 1:17am Mar 29, 2021 1:17am
Quoting M.Fadly
{image}

here goes 1.
#Stay blue. /swinger/scalper/
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