EURUSD only

For the week. About +0.60%

Profit factor over 1.2 is good, over 1.4 is great, over 1.6 is phenomenal.

Remember that a casino house edge is only something like 1.05 and they make money consistently.

Hi guys, I'm just passing by to say why I'm focused on the 1.02700 price. the two images below are the same on the Renko 20 pips chart. observe a Fibo retracement.
Picture below is same Renko 20 pips chart. Today it hit 61% Fibo retracement and stayed above 1.01500.
We can see a strong and rapid rise on Monday as well as today's drop.
Good weekend to everyone!

checking a chart with old line and added some new before cleaning . pa not done a better 2 or b yet to have better bull action , so previous 0130 or 0105 may not act as per, and if tanking for better 2/b then possible next level is parity play one more time . by the way old levels still active and likely play more or less ! lets see

1.0123 holded this awfull drop for EURUSD (65 pips in 5 min) after NFP, it should have taken it out, but the Friday close was the reason that it didn't failed further towards 1.0100 and also some drop in volatility this August is obvious, many people are on vacations.

Now as if, it is going to stay above the Monday is easy, I change timeframe to a smaller, lets see 1H, it has create a correction and some support at 1.0152, then this should be it. If, that support holds at Asia at Monday morning when I will join the price should be above and not below for me to think that it will not fall toward the lows if, these are alive yet. So Asia will play a big role here to it for me to think to go up.

The pivots worked very well in this sideways market and I believe they should play again, but watch the momentum, if it is sustainable and there is a rumor that holds to the price then exit quick, you want to save as much pips as you can for the next trade. Remember the word cost, it must be cheap to make money.

4H Chart with 200 MA and weekly S/R


So, we may see the same range play again and maybe lower, but a fail in US CPI numbers this week may help it rise above 1.0325.

Have a great rest of the day and weekend!

Rangebound for a while now. Maybe CPI (Weds), PPI (Thurs) coming week might break it out one way or the other:-

Likely to be a gap down to 1.0150 and then move to 1.0180.

Simple? Not really, redundant yes,
More confusing: It's heavily static, where are the dynamics and precision ?

I would be careful with too much bullish expectations. This week’s BLS and the next week CPI will set a solid tone that Powell will continue to raise rates in September at least 0.5%, and 0.75% expectation is building up.
Europe is struggling on many ends and raised its interest rate by 0.5% to -> 0%!!! For everyone who is overly bullish that has to sink in.
Considering this I am expecting the next wave down. We had some double top (better to see in the weekly chart). For the time being - I mean next week - I see parity area as a target and after that possibly lower.
Further, I feel we are getting closer to the point that we clearly see a substantial paradigm shift. What I mean is... the (US) stocks are up and the dollar is also up. The last time I remember this behavior was in the end of the 90th. At that time it was the internet frenzy, but additionally it was something similar that I am observing now. The strong dollar (+ high FED interest) is crashing 3rd world economies that took dollar dominated loans -> which will make the smart money of these countries fleeing into the -> US dollar. Whereas the dollar gets more stronger, crashes the next country, where their smart money flees into the US dollar again… and so on.
Then the asset managers of other 1st world countries that suffer from the strong dollar too see that as value preserving trade and… -> move into the US dollar (dominated assets). That was during the end 90th… I remember LTCM, the fall of the Asian Tigers, Russia default, Tequila crisis… and so on and I see the same game is building up again.

And where was the EUR at that time? -> 0.9 to 0.82 and that with fully functioning economy in Germany based on Putin’s gas!

Saying this, I think we are just on the beginning of this trend and I see for the DXY in the next year 125+- (and EUR @ 0.88+-) and possibly more. So long swing traders be careful with your bullish feelings.

Will see

I posted this last month, coulple of weeks ago. I think this is the one in the making and You are referring too.

I think it will spike above 1.03 before selling off, might even come close to 1.04.

Yes, parity is a strange beast. Either you stay on this or that side.
Anyhow, I am on this train a while already too. Usually I am posting DXY charts. However, for this week I liked the local double top in the EUR chart so I made an exception to my habit.

I guess you have to move that vertical line down to 0.85 in your chart a little -> to the December 2022 - January 2023. That will then match with the New German Winter... and when the new government of the gas deprived Italians (because the German politicians need a warm home) will declare Italexit.

Dark Cloud Cover pattern detected!

Browsing through the charts I took a second look at the EUR and found a Dark Cloud Cover pattern of the last 3 days in the daily chart.
That means bearish and if it plays out I expect as target the 1.0120+- area and a little below.

The current pattern is not perfect schoolbook, but considering that the Monday tomorrow has no scheduled news I suspect that the trading will be purely technical. Watch out!

Good analysis and I think the EURUSD will go much lower than 0.9955 maybe not tomorrow or even this week but as long as eur's numbers and situation don't change it will continue its downward spiral.

sitting idle so looking some old charts in higher tf marked long back

HA HA .. you should learn about redundancy, yours are as well as overloaded.

I prefer clean & clearful charts