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EURUSD

  • #1,208,041
  • Jan 12, 2022 8:55pm Jan 12, 2022 8:55pm
Quoting Techanalyst
{quote} ... why is it that we see EURUSD going up at the moment? What is the reason?
EURUSD can't go down forever.
Learn from your mistakes and march on.
  • #1,208,042
  • Jan 12, 2022 8:56pm Jan 12, 2022 8:56pm
Quoting Techanalyst
{quote} Macroeconomics disagrees, and it proves that it is real and it has big effect on economy. So it is very real.
the effect is real ,take a look 7% cpi
the fed are in a hole ,both mandates
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #1,208,043
  • Jan 12, 2022 8:56pm Jan 12, 2022 8:56pm
Quoting Bones
{quote} the effect is real ,take a look 7% cpi the fed are in a hole ,both mandates
They are not in a hole, they are hiking rates for now and that will help push USD higher.
  • #1,208,044
  • Jan 12, 2022 8:57pm Jan 12, 2022 8:57pm
Quoting here2there
{quote} EURUSD can't go down forever.
That is your reason?
  • #1,208,045
  • Jan 12, 2022 8:58pm Jan 12, 2022 8:58pm
Quoting Techanalyst
{quote} They are not in a hole, they are hiking rates for now and that will help push USD higher.
no their not ,there attempting a taper of call it 100 billion intervention
per month ,
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #1,208,046
  • Jan 12, 2022 8:59pm Jan 12, 2022 8:59pm
if you believe the fed outright I don't know what to say
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #1,208,047
  • Jan 12, 2022 9:00pm Jan 12, 2022 9:00pm
Inflation is the decline of purchasing power of a given currency over time (currency devaluation).

Deflation is the increase of purchasing power of a given currency over time (currency appreciation).

Interest rates is percentage charged on the total amount you borrow or paid on the amount you save.

Interest rate hike appreciates a currency (increase demand).

Interest rate cut devalues a currency.

Quantitative easing (QE) acts in a similar way to cuts in bank interest rates (devalues a currency).
  • #1,208,048
  • Jan 12, 2022 9:00pm Jan 12, 2022 9:00pm
Quoting Bones
{quote} no their not ,there attempting a taper of call it 100 billion intervention per month ,
Yes they are.
  • #1,208,049
  • Jan 12, 2022 9:02pm Jan 12, 2022 9:02pm
Quoting Bones
if you believe the fed outright I don't know what to say
I do believe macroeconomics analysis, and they have proven to bring a good profit in forex trading, when you know what you are doing of course. If you think you are going to make money full time in this business just looking at the charts, don't know what to say.
  • #1,208,050
  • Jan 12, 2022 9:13pm Jan 12, 2022 9:13pm
Quoting Techanalyst
{quote} I do believe macroeconomics analysis, and they have proven to bring a good profit in forex trading, when you know what you are doing of course. If you think you are going to make money full time in this business just looking at the charts, don't know what to say.
you don't need any fundamental analysis for sure most people don't bother ,but I do use it and I also think about the area you forget
thats running the entire show.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #1,208,051
  • Jan 12, 2022 9:31pm Jan 12, 2022 9:31pm
We don't need no stinking fundamentals!
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Founder of Sutherland Wave Principle
  • #1,208,052
  • Jan 12, 2022 9:37pm Jan 12, 2022 9:37pm
Quoting here2there
{quote} EURUSD can't go down forever.
it was filling gaps om 1min chart
people leave, but this thread will go on for ever
  • #1,208,053
  • Jan 12, 2022 9:43pm Jan 12, 2022 9:43pm
it's going sideways forever at 1.25?
Founder of Sutherland Wave Principle
  • #1,208,054
  • Jan 12, 2022 9:58pm Jan 12, 2022 9:58pm
Quoting Techanalyst
{quote} I do believe macroeconomics analysis, and they have proven to bring a good profit in forex trading, when you know what you are doing of course. If you think you are going to make money full time in this business just looking at the charts, don't know what to say.
I came across a research paper on the actual inflation of USD had ~70% correlation of USD currency strength for 30 years or so. I did not read in detail whether it is meaning the currency strength in the same year or the year after the inflation is measured. I suspect it is same year otherwise the authors should be very rich.

the long term macroeconomics may not be a concern for day traders and short term swing traders, but news can be helpful. There is a slogan from the HK asset managers recently, “time of crisis is time to make money”. Examples like fuel shortage panic in UK brought GU down and bounced back to where it was in a week, that is something easier for short term traders to leverage.
  • #1,208,055
  • Jan 12, 2022 10:10pm Jan 12, 2022 10:10pm
Quoting Aussi
{quote} it was filling gaps om 1min chart
My response was meant to be taken in jest, but I don't think Techanalyst took it that way.

But I already gave my reasons why it has become bullish in an earlier comment. I didn't need to look at fundamentals to have a good idea that the direction was about to change. Just the data on the Daily chart.
Learn from your mistakes and march on.
  • #1,208,056
  • Edited 10:44pm Jan 12, 2022 10:34pm | Edited 10:44pm
missed 53 yesterday still more on the top..
1480/90<1550/60

1508 is interesting.
Have to cover 53 guaranteed. Might see 90s, 1508. 1560 to 1596 over stretched area.
Most likely going to be a sharp spike hard to nail exact top. Is it going to grace us with an ending diagonal or just sharp spike? From memory this one is sharp.
Founder of Sutherland Wave Principle
  • #1,208,057
  • Jan 12, 2022 10:44pm Jan 12, 2022 10:44pm
After a whole month ranging this breakout on 4-hour doesn't feel right, I think the daily channel is correcting weekly bear trend. Time will tell if we are going long or short.
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Plan your trades and trade your plan.
  • #1,208,058
  • Jan 12, 2022 10:56pm Jan 12, 2022 10:56pm
I got a sell target on 1517 moved tp and sell limit there.
Founder of Sutherland Wave Principle
  • #1,208,059
  • Jan 13, 2022 12:55am Jan 13, 2022 12:55am
Quoting Tekin
Will you hit my tp {image}
very small and riskfull scalper sell here only 32 pips hedge 1.1370tp will plan to buy again there if it happens
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  • #1,208,060
  • Jan 13, 2022 1:30am Jan 13, 2022 1:30am
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