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  • #1,198,101
  • Jul 29, 2021 5:13am Jul 29, 2021 5:13am
you are willing to short EU (short time)?
So wait for USDSEK is rising.
Attached Image (click to enlarge)
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Sometimes helps to have a look at correlated pairs.
EU neg corr: USEK, UCHF, UCAD (if EU rises - negativ correlated pairs are falling)
EU pos corr: CADJ (if EU rises, CADJ rises too - not so strong correlation. Better positive correlation CADJ-Oil)

By the way: on days when you expect decision for Oil - have a look at neg corr pairs UCAD/CADJ
  • #1,198,102
  • Jul 29, 2021 5:19am Jul 29, 2021 5:19am
Quoting PatienceFx
{quote} profits for this week, may be booked or stops adjusted at this barrier
booked all
  • #1,198,103
  • Jul 29, 2021 5:31am Jul 29, 2021 5:31am
Attached Image (click to enlarge)
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Hourly .......Very close.....

  • #1,198,104
  • Jul 29, 2021 5:33am Jul 29, 2021 5:33am
Attached Image (click to enlarge)
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Very close. . . . . . .

  • #1,198,105
  • Jul 29, 2021 6:12am Jul 29, 2021 6:12am
Quoting mysterio
{quote} We're reacting off of the weekly zones now and will begin a bull run, the shorts have been building up for a while on DXY/longs on EUR so I expect a good bull run. Been watching that zone for a while on the DXY they've been luring in retail (IE on CPI news) for a while now it's finally time to sell off. Expecting a good drop on DXY on the coming days/weeks. Could be wrong If not, see you at 1.20
Nearly halfway there-- expect a pull back from 1.1882-95
  • #1,198,106
  • Jul 29, 2021 7:53am Jul 29, 2021 7:53am
USD previous GDP was 6.3, now it is at 6.5. Lower than the forecast but still better than the last time. This week has taken USD down, but from fundamentals analysis, it should turn and go up possibly by next week. USDCHF is still bearish until daily demand zone is reached 0.89980 around that price. USDCAD is also bearish until daily demand zone is reached 1.23310. USDJPY should be good to buy soon. Trade safe.
  • #1,198,107
  • Jul 29, 2021 7:55am Jul 29, 2021 7:55am
Quoting Techanalyst
USD previous GDP was 6.3, now it is at 6.5. Lower than the forecast but still better than the last time. This week has taken USD down, but from fundamentals analysis, it should turn and go up possibly by next week. USDCHF is still bearish until daily demand zone is reached 0.89980 around that price. USDCAD is also bearish until daily demand zone is reached 1.23310. USDJPY should be good to buy soon. Trade safe.
How about EUR, still bearish in your view?
A wise man changes his mind, a fool never will
  • #1,198,108
  • Jul 29, 2021 7:56am Jul 29, 2021 7:56am
Wanted a pull back to go long today but didn't get it.
Bigger moves are in play judging by the massive spike on the downside from yesterday.
Have to keep a look out from price to hit a ceiling.
  • #1,198,109
  • Jul 29, 2021 8:04am Jul 29, 2021 8:04am
Attached Image (click to enlarge)
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$JY . . . . .bottomed out gloriously.....

  • #1,198,110
  • Edited 8:21am Jul 29, 2021 8:07am | Edited 8:21am
Quoting MrGuy
{quote} How about EUR, still bearish in your view?
Fundamentals are the way to go. EURUSD reaching daily supply zone 1.1880 and if it goes up to 1.19xx I will be looking to sell. This move up is just because USD is weak this week. But overall USD fundamentals are stronger than EURO. So I will be looking to sell when there is opportunity. Until than, sell USDCHF.



The US economy advanced an annualized 6.5% on quarter in Q2 2021, well below market forecasts of 8.5%, the advance estimate showed. Growth was driven by increases in personal consumption expenditures (11.8%), namely services (12%) and nondurable goods (12.6%) as vaccinated Americans travel and engage in activities that were restricted before. Nonresidential fixed investment (8%), exports (6%), and state and local government spending (0.8%) also increased while contractions were seen in private inventory investment, residential fixed investment (-9.8%), and federal government spending (-10.4%). Imports also increased (7.8%). The rapid spread of the coronavirus delta variant, supply-chain disruptions, shortage of workers and a cooling housing market are seen weighing on the growth for the rest of the year. The Fed sees the economy growing 7% in 2021 and 3.3% in 2022. source: U.S. Bureau of Economic Analysis
  • #1,198,111
  • Jul 29, 2021 9:08am Jul 29, 2021 9:08am
Attached Image (click to enlarge)
Click to Enlarge Name: 6d9f3297dabba5293db0619ab3d8dd51.png Size: 212 KB

Long the $JY and SHORT the E.

  • #1,198,112
  • Jul 29, 2021 9:32am Jul 29, 2021 9:32am
I think it will soon reach 1.1900. Do you guys think it will break out above that level?
  • #1,198,113
  • Jul 29, 2021 9:38am Jul 29, 2021 9:38am
Quoting james1254
I think it will soon reach 1.1900. Do you guys think it will break out above that level?
Possible, but not without some retrace first.
But then again, who knows what's what with this pair.
The biggest risk is not taking a risk.
  • #1,198,114
  • Jul 29, 2021 11:16am Jul 29, 2021 11:16am
Attached Image (click to enlarge)
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$jy bottomed finally...... and E. toped at 91

  • #1,198,115
  • Jul 29, 2021 11:18am Jul 29, 2021 11:18am
Quoting F.g
{image} $jy bottomed finally...... and E. toped at 91
UJ has a long way to go...I wouldn't buy below 110...108 next...and after that even 105-106 possible...

EU didn't top either...trend is up...so "buy the dip" mode.
Everyone can see the chart, but only a few can actually read it.
  • #1,198,116
  • Jul 29, 2021 11:45am Jul 29, 2021 11:45am
I prefer the downside, because I see more space, but it should test the upper area first - 1850 is critical.

Attached Image (click to enlarge)
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Looking for profitable short term trades ...|
  • #1,198,117
  • Jul 29, 2021 11:58am Jul 29, 2021 11:58am
I expect little bit down EURUSD next 4 hours (1.1875/65), maybe tomorrow higher. Lets see.

Attached Image (click to enlarge)
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  • #1,198,118
  • Jul 29, 2021 12:07pm Jul 29, 2021 12:07pm
Quoting Isabella_D
I expect little bit down EURUSD next 4 hours (1.1875/65), maybe tomorrow higher. Lets see. {image}
zzzzzz
Attached Image (click to enlarge)
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  • #1,198,119
  • Jul 29, 2021 12:12pm Jul 29, 2021 12:12pm
Quoting PatienceFx
{quote} zzzzzz {image}
??? do you think my suggestion is funny?
  • #1,198,120
  • Jul 29, 2021 12:37pm Jul 29, 2021 12:37pm
Sad but's true

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