Good day
IMHO it looks like it's going to test 1.20800
IMHO it looks like it's going to test 1.20800
1
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Disliked{quote} I thought the same yesterday when it went from 1.2020 to 1.2040 but then it suddenly dropped like a stone. Is this move any different?Ignored
Disliked{quote} Sellers pushed for a lower low today but price is now bouncing off of weekly (blue line) where people took profits from the drop yesterday. But then bulls have bought price up to the daily pivot(white line 1.2212) where sellers can continue the downtrend or buyers can break above it to change back to bullish sentiment {image}Ignored
DislikedI am daring to buy 1.2185... Don't try at home! Stops should go at least 24 pips or lower.. *...and no matter what we do there is always draw downIgnored
DislikedI am daring to buy 1.2185... Don't try at home! Stops should go at least 24 pips or lower.. *...and no matter what we do there is always draw downIgnored
DislikedI am daring to buy 1.2185... Don't try at home! Stops should go at least 24 pips or lower.. *...and no matter what we do there is always draw downIgnored
Disliked{quote} You are brave - think the wedge is about to break, the down moves happen so much quicker since yesterday, how can this be? Market makers must have conspired to act bearish now.Ignored
Disliked{quote} There is no conspiracy. Fed member yesterday confirmed that they will start talking tapering. Under this condition bulls are holding well, this should have been under 1,21 already, and my guess is it will get there very soon, maybe this two days.Ignored
Disliked{quote} I understand, but first of the actual taper beginning is months away and still data dependent, second many FED officials have been saying this already before yesterday with nothing happening and third this will not change anything regarding the extremely negative real yields the US is facing, as inflation is flying off while rates are kept low. So I agree that the market might play this taper talk aggressively, but it is not a "must" in my mind.Ignored
Disliked{quote} I was just saying that there is no conspiracy. Now you have so far Bank of Canada and Bank of New Zealand that are raising rates under the same conditions in witch USA is. Deduction comes that FEDs are denying the fact in public to prevent usd from getting over appreciated. The market knows and when sees that times has come to talk the dollar up, with tapering and maybe interest rates later, it reacts by buying it while is cheap. We do tend all to buy while is cheap, thats why we buy the rumor right? PS: A drop of 80 pips is not...Ignored