EURUSD

Hmmm, came on here hoping for a lovely discussion about EURUSD..... can we agree to draw a line in the sand with the arguing? New week starts... Come on guys! Green pips for all however you see your charts Xx

I wasn't wrong about the market which is what matters

Saturday January 22 2022
Week Ahead
Joana Ferreira | [email protected]

The earnings season enters one of its busiest phases in the coming week, with Apple and Microsoft reporting, while central banks in the US and Canada will be deciding on monetary policy. Elsewhere, flash PMI surveys for the US, UK, Eurozone, Japan and Australia will be keenly watched, as well as Q4 GDP updates from the US, Germany, France, Spain, South Korea, the Philippines, Hong Kong and Taiwan. Other key data to follow include US PCE prices, personal income and outlays; Eurozone business survey; China industrial profits; and Australia and New Zealand Q4 inflation data.

In the US, the Federal Reserve will likely leave the fed funds rate steady when it meets for the first time this year, but investors expect the central bank to confirm that the rates will be raised in March with a balance sheet reduction later in the year. Traders will also look for any updates on the Fed's view regarding the risks from the spread of the omicron variant and high inflation. On the data front, the advance estimate for the US GDP growth is expected to show a 5.6% expansion in Q4, much higher than 2.3% in Q3. Other important releases include flash Markit PMIs, personal income, spending and PCE prices, house prices from both FHFA and S&P/Case-Shiller and new and pending home sales. Meanwhile, the earnings season continues with reports from big tech names including Apple and Microsoft and 3M, American Express, GE, Intel, Boeing, AT&T, Tesla, Visa, Chevron, Caterpillar and McDonald's.

Elsewhere in America, the Bank of Canada might raise interest rates by 25bps next week to curb rising inflation, while central banks in Chile, Colombia and Costa Rica will also be deciding on monetary policy. Important data to follow include the preliminary readings of Canada manufacturing and wholesale sales; Mexico trade balance, retail sales and economic activity; and Brazil jobless rate and current account.

In the UK, the flash Markit PMI survey will probably show the country's private sector growth quickened from a 10-month low helped by an improvement in the services sector. Other data include CBI gauges for factory orders, business optimism and retail trade, as well as public sector net borrowing. Elsewhere in Europe, the Eurozone flash Markit PMI survey should point to the weakest pace of expansion in the bloc’s private sector output since the current phase of growth began in March dragged down by both manufacturing and services sectors. Meanwhile, Germany's GDP probably slipped into contraction territory during the fourth quarter, while in France and Spain economic growth likely slowed due to the spread of Omicron, soaring energy prices and lingering supply disruptions. Other important releases include: Eurozone business survey; Germany business and consumer morale, and import prices; Switzerland foreign trade; and Turkey industry morale.

In Asia-Pacific, the week is going to be filled with PMI and GDP releases, with market participants waiting to assess the health of the economic recovery after the Omicron scare. Key data to watch for include China’s industrial profits, Japan’s Jibun Bank Composite PMI and Tokyo CPI, and fourth-quarter GDP figures for South Korea, the Philippines, Hong Kong and Taiwan. The economy of South Korea is expected to have expanded 0.9% in the last quarter of 2021, despite the resurgence of coronavirus infections, which likely hit the service sector the most; while the Philippines' GDP likely grew 6.2% year-on-year during the same period. Investors in Australia turn their attention to fourth-quarter inflation data, NAB business confidence and flash Markit PMIs, with forecasts suggesting the trimmed mean measure of core inflation favored by the RBA likely increased to 2.4%, remaining within the central bank's 2-3% target range for a second consecutive period. Across the Tasman Sea, New Zealand will be releasing fourth-quarter consumer prices and trade balance. Other highlights in the region include Hong Kong, Malaysia and the Philippines foreign trade data, Thailand factory activity, Taiwan unemployment rate and industrial production, and Singapore consumer prices and manufacturing output.


https://tradingeconomics.com/blog

Okay enough idle talk. Whenever someone tries to insult and disrespect me I always give them the chance to prove themselves. I am a fair and a reasonable man. But if you ruin that one chance and can not back your claims, then welcome to my ignore list.

Enough time wasted. Now back to trading.

Right now EURUSD seems risky to trade fundamentally. FED is way ahead of the ECB but Euro seems stronger when we look at the latest inflation and growth numbers. So my fundamental model is showing mixed signals. Which is why i won't be trading this currency this week.

It is better to move to GU, EG, GA, AU right now where the direction is clear, even though it is a bit late.

https://www.reuters.com/world/europe...er-2022-01-23/

this thread never changes.....

EURUSD market operation is in a bearish mode. Meanwhile, on the daily time frame, price action is sideways. There was a bearish drive to retest the 1.13070/1.12110 weekly demand zone (green) last week Tuesday, but on Wednesday a bullish price action hindered the move. Price action on Thursday and Friday was largely see-saw and lacked directional momentum. Presently, price action is a few pips above the demand zone, and we may see another bearish drive into it in the early part of this week. The 1.15940/1.16700 zone (purple) is the operating weekly supply zone.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)

On H1, this is what I'll be trading when it played out with an opening above 1.1352
NY session was spent getting the handle done and was never opened below the critical level of 1.1341
Target is 1.1409.
M30 too has the same setup but was at 1.1350 for entry, but I'll go with H1.

The double bottom(W) played out really well for entry and TP which I've benefitted and now the formation of the cup and handle.

My Wyckoff outlook for this week. The UTAD is complete, I'm not sure if we saw a true test or not. It might still be coming. The daily supply zone is highlighted in dark grey. It may actually make it up there. I'm more inclined to believe it'll only head up to 1392 or so to fill in the rest of that imbalance (light grey) zone, which Techanalyst calls Unfair Auction. ICT calls it Fair Value Gap. Potato-potahto, it's the same thing. If it goes south from there then I think it'll be safe to say a last point of supply (LPSY) will be established.

I'll be looking to get into shorts after we see a true show of weakness (SOW) around 1270 or so. I don't really trade this pair much these days because I'm not around to participate in the London or New York sessions, when it's ideal to trade this. I work during those hours, but I did take one scalp off-session last week which resulted in a small 1:2RR gain. Been trading mostly Asian session recently, focusing on the JPY pairs. But if this does show a proper SOW then I'll make time during the morning sessions.

We're still playing around in the weekly demand zone, highlighted in the very light grey. I anticipate it'll break through it in the next week or so.

Two hours of a very well worth video to watch for any trader out there.

Heya folks, gearing up to start my week Let's make it a productive one, folks! Good luck to all of us! Currently, I am bearish long-term on EURUSD. For UJ, I am somewhat expecting a bearish rally on the short-term timeframes (1HR chart) before it continues it's long-term bullish trend. However, there seems to be some news this week so I'll stay a little conservative with seeking entries and opportunities. Just my beginner trade ideas for this week.

I also have doubts about the guy.

Speaking of Yearly candles. Here is a monthly chart, with the yearly boxed around. Also placed a daily chart in here showing a nice bear flag/channel on the daily.

I know we have a lot of people here who identify as scalpers or day traders, you will probably continue to trade in, around and between these levels.

I think its important to note where we are though. Protect your capital and apply good management on your trades.

Lots of action happening in the area its at, coupled with some fundamentals and potential world shaking events, we could see a big move soon. I marked the two areas you mentioned as well.

Need to shake out in my opinion down here.

No position in the EURUSD for me at this time. When that changes, Ill be looking to post a live trade here.

Have a good week everyone.

Long 1.1315 sl 1.1301 tp 1.1341

now 1.1397 seems limit up for down breakout . signal 1368. take care

Possible inverse head and shoulders on h1?

Looks like a false line break with a bounce of crucial support.
Not one to sell into.
It may come down to retest support again, but it won't break it

$JY Longed now and a pending...

Keeping my shorts from last week. . . . but I am afraid of a reversal ,soon.... I lowered SL at 38 to exit at better than BE.