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EURUSD

  • #1,198,201
  • Aug 2, 2021 2:46am Aug 2, 2021 2:46am
Quoting PatienceFx
1915 does look like a logical exit for this week , lets see {image}
reset target to 1950
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 34 KB
  • #1,198,202
  • Aug 2, 2021 3:14am Aug 2, 2021 3:14am
Can't see a good entry short here. I expect price to move up just a bit more
  • #1,198,203
  • Aug 2, 2021 3:38am Aug 2, 2021 3:38am
The previous week this was the forecast for Fridays NFP 926K. today I checked the same date and it is 900K -26.000 less.

This should keep EU up, but we may see it drop after, because if, the numbers succeed and pass the forecast then we may see 1.000.000 million jobs which is what many bears look for to sell-out EU!
Looking for profitable short term trades ...|
  • #1,198,204
  • Aug 2, 2021 6:20am Aug 2, 2021 6:20am
Volatility System says:
Attached Image (click to enlarge)
Click to Enlarge Name: eu.png Size: 20 KB
  • #1,198,205
  • Aug 2, 2021 7:44am Aug 2, 2021 7:44am
Quoting PatienceFx
{quote} reset target to 1950 {image}
exited , its winter below
  • #1,198,206
  • Aug 2, 2021 9:03am Aug 2, 2021 9:03am
Price has pulled off today's high, but it's failing to rotate. Looks like they want to flip the table on the market by hitting 1910
  • #1,198,207
  • Aug 2, 2021 9:07am Aug 2, 2021 9:07am
USD Manufacturing PMI 59.5%. Anything above 50% is industry expansion. So it is a bit below forecast %, but overall still expanding. So good news for USD. Trade safe.
  • #1,198,208
  • Aug 2, 2021 9:37am Aug 2, 2021 9:37am
It's testing 1.1900 again. It may break out above that level this week.
  • #1,198,209
  • Aug 2, 2021 9:53am Aug 2, 2021 9:53am
Quoting Techanalyst
USD Manufacturing PMI 59.5%. Anything above 50% is industry expansion. So it is a bit below forecast %, but overall still expanding. So good news for USD. Trade safe.
Agree. Hey Tech, is the latest update for COT reports only up till previous week? I dont see any august reports. Wanted to know whats the direction from big bois
  • #1,198,210
  • Aug 2, 2021 10:25am Aug 2, 2021 10:25am
Quoting Js3mwtRc
EU bullish in this range, 1840 is its key support, below it its bearish. 30 min. 50-10-200 sma on chart. {image}
It is creating an inside bar on Daily chart.

Remember, the market maker is creating patterns he invented, so the herd can follow, nothing bad with that.
Looking for profitable short term trades ...|
  • #1,198,211
  • Edited 3:35pm Aug 2, 2021 10:26am | Edited 3:35pm
Quoting blaze1
{quote} Agree. Hey Tech, is the latest update for COT reports only up till previous week? I dont see any august reports. Wanted to know whats the direction from big bois
Looks like they are adding more short positions, and taking off profits from longs. Looking at fundamentals, COT and supply/demand analysis, EURUSD will fall more. This is what is happening usually, when you see this sudden move up, that is small time traders like retail. Banks and institutions are on the side at the moment just waiting to enter and drop this more, because of course of fundamentals micro and macro economy, everything that is happening internationally worldwide.
Once you learn to fundamental analysis and are ready to approach this business as a professional trader you look at the following:

- GDP (Gross domestic product)
- Inflation (General increase in prices and fall in the purchasing value of money)
- Risk sentiment (How financial participants, traders and investors, are behaving and feeling. This means understanding risk and the collective markets' attitude to risk, which how much risk you are prepared to take with your money and assets in a particular timeframe)
- Interest rates ( An interest rate is a percentage charged on the total amount you borrow or save. If you're a borrower, the interest rate is the amount you are charged for borrowing money a percentage of the total amount of the loan)
- Monetary policy (The management of money supply and interest rates, aimed at meeting macroeconomic objectives such as controlling inflation, consumption, growth, and liquidity...hike/hold/cut)
- Forecasts ( Prediction of what is going to happen)

Once you understand these main economics fundamentals, than you look at the charts and you analyze supply/demand. Looking for the best entries either buy or sell. Do not add indicators, like moving averages and so on. Some indicators can be leading indicators but most of them are lagging. You don't need them once you learn to read the charts and analyzing supply/demand zones. Charts get the data first. Trade safe.
  • #1,198,212
  • Aug 2, 2021 10:30am Aug 2, 2021 10:30am
Quoting Techanalyst
{quote} Looks like they are adding more short positions, and taking off profits from longs. Looking at fundamentals, COT and supply/demand analysis, EURUSD will fall more. Trade safe.
They are taking profit from longs? What profit? They were long massively at 2200...so they have been "cashing out" from -450 pips to -320 pips?
Everyone can see the chart, but only a few can actually read it.
  • #1,198,213
  • Aug 2, 2021 11:37am Aug 2, 2021 11:37am
Quoting Mcbeaners
{quote} sorry team long but i really do think this is a short. my guess right now is i should be looking for entries around 8870 or 8930 areas.
not bad hit 8965 but i'm not liking the setup so real trade for me.
In tea leaves we trust!
  • #1,198,214
  • Aug 2, 2021 11:51am Aug 2, 2021 11:51am
https://think.ing.com/articles/us-economy-back-on-top/
  • #1,198,215
  • Aug 2, 2021 1:24pm Aug 2, 2021 1:24pm
Quoting PatienceFx
{quote} exited , its winter below
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 33 KB
  • #1,198,216
  • Aug 2, 2021 6:40pm Aug 2, 2021 6:40pm
Monday market price drops on EURUSD, now based on H1 using Bollinger band indicator, the price land on the middle band, short or long trades in this zone, maybe still risky,
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-h1-fxopen-investments-inc.png Size: 27 KB
due uncertain later movement will reach previous high or previous low, but seems low zone become support now.
  • #1,198,217
  • Aug 3, 2021 12:24am Aug 3, 2021 12:24am
EU is consolidating in this Fridays high/low range (image). It is going to test 1910, but I don't think that the trend traders will have something very valuable to trade. Watch out most of the banks and brokers will be on vacation mode.

Attached Image (click to enlarge)
Click to Enlarge Name: 632c0bd8c3643d2fd6ef2d99eef8639e.png Size: 46 KB
Looking for profitable short term trades ...|
  • #1,198,218
  • Aug 3, 2021 1:06am Aug 3, 2021 1:06am
Million dollar question coming up. Will we rotate through 1865 or not?
  • #1,198,219
  • Aug 3, 2021 1:22am Aug 3, 2021 1:22am
Quoting Js3mwtRc
The previous week this was the forecast for Fridays NFP 926K. today I checked the same date and it is 900K -26.000 less. This should keep EU up, but we may see it drop after, because if, the numbers succeed and pass the forecast then we may see 1.000.000 million jobs which is what many bears look for to sell-out EU!
In case you missed my previous post you can click on the quote link to learn more.

Today the number is -20.000 less to 880K. EU will continue to go up.
Looking for profitable short term trades ...|
  • #1,198,220
  • Aug 3, 2021 1:39am Aug 3, 2021 1:39am
Quoting EvilEye
Million dollar question coming up. Will she say yes or not?
no idea
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