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  • #110,221
  • Edited Jul 8, 2023 4:47am Jul 7, 2023 8:54pm | Edited Jul 8, 2023 4:47am
I think pa may run to 1.0949. 1.0956 was a b/o close. The larger support being 1.0923.5. This may be a place to long Sunday early Monday. 1.0949 or 1.0903x. Below it 1.0874. Other day trade numbers will form next week.

If -0903.5 and -1.0874 is lost. With large closes. It may be time to reconsider the long. 1.1185 has my long vote. After 1.1186, pa may fall. So sometime after 1.1185. I will look for topping signs. The fall may lead to a new LL this decade.
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  • #110,222
  • Jul 7, 2023 11:32pm Jul 7, 2023 11:32pm
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  • #110,223
  • Edited 6:10am Jul 8, 2023 5:57am | Edited 6:10am
Next week breaking 1.1005. Is likely a sign of more upside. It may slow/stop the rise in the attempt to break 1.1005 (below 1.01005 w/o touching on first attempt). When near/below 1.1005 using adr. PA is about 55 pips from 1.0949. With the R at 1.105 ish, and the attraction to 1.0949. PA may fall before LC Monday back to 0949.
If it falls below 1.0949 it may test 1.0917 or 1.0903. 1.0903x may have solidified into support now. (untested atm). If at 1.090x Sunday/Monday Asia/ European session. It may start to run back up to 0949 in NY Monday morning. If bulls stall, while/where sitting (1.0960) It may be attracted to 0949. Is the point. Using adr, and pa runs to 0949 Monday and stops. The adr can take it to 1.1005 area. Or if it runs to 1.1005 first. It still may come back to 0949. Most brokers have a 1.0968ish close. The close was 1.0960. So most will likely show it as a gap down. Its not really a gap. If it opens at 1.0956 that is a gap. It should be attracted to 1.0949. A 0956 open may help it pass below 0949. That may let it test 1.0903.5 as support. ADR from 1.0903 is about 70 ish pips. A solidified 1.0903.5 launch may be enough to break 1.1005. 1.1005 is not exact, I will post exact after it opens. Its a guesstimate. I think it will run to 1.1186. Beyond that there can be slippage. Once there I will stay tuned if it looks to be fading.
The 200 ema on the week is not used much. It may be worthless. It sits at 1066. The 200 week has turned pa the last few time there. So pa can also drop from there back to 1.0903.5.. Things will change. That is certain. I think pa is bullish. But that does not mean supports wont be tested. The 1.1066 area may slap pa back to 1.0903 to test support. Just a heads up. WAR is about 168 pips. It dont take a rocket surgeon to do some math. 1.0903 and 1.166 are about the week average apart. I got Friday's numbers. The new set will be slightly lower than 1.1066.
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  • #110,224
  • Jul 8, 2023 6:23am Jul 8, 2023 6:23am
Quoting gatorinla
Next week breaking 1.1005. Is likely a sign of more upside. It may slow/stop the rise in the attempt to break 1.1005 (below 1.01005 w/o touching on first attempt). When near/below 1.1005 using adr. PA is about 55 pips from 1.0949. With the R at 1.105 ish, and the attraction to 1.0949. PA may fall before LC Monday back to 0949. If it falls below 1.0949 it may test 1.0917 or 1.0903. 1.0903x may have solidified into support now. (untested atm). If at 1.090x Sunday/Monday Asia/ European session. It may start to run back up to 0949 in NY Monday morning....
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those who can, do. those who cant, talk about those who can
  • #110,225
  • Jul 8, 2023 6:30am Jul 8, 2023 6:30am
NC is still long overall. But the latest trades have fallen on their face for months now. They closed a bunch of longs before this rise.
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those who can, do. those who cant, talk about those who can
  • #110,226
  • Jul 8, 2023 7:01am Jul 8, 2023 7:01am
USD/CAD also looks ready to retrace down. I have gaps in USD/CAD at 1.3350 and EUR/USD at 1.0885
  • #110,227
  • Jul 8, 2023 7:19am Jul 8, 2023 7:19am
Quoting charlienoble
USD/CAD also looks ready to retrace down. I have gaps in USD/CAD at 1.3350 and EUR/USD at 1.0885
so you think usdcad will rise to 1.3350 then fall? Looking at the trades even the gbpjpy and USDJPY
  • #110,228
  • Jul 8, 2023 7:32am Jul 8, 2023 7:32am
Quoting Godspromise
{quote} so you think usdcad will rise to 1.3350 then fall? Looking at the trades even the gbpjpy and USDJPY
Possibly, at the end of Friday USD/CAD did look like it wanted to start a retrace. Gaps will always be filled but the problem is the timing. Could be monday, could be 6 months from now. DXY tends to close gaps quicker than others. In this case I do think it will close the gap as it's close but it isn't guaranteed by any means. For example, USD/CAD may close the gap and EU leaves it til later.
  • #110,229
  • Jul 8, 2023 7:37am Jul 8, 2023 7:37am
4 hr dxy makes me think we may see some retracement of Friday. Have to see if it bounces from 102.20 or not.
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  • #110,230
  • Jul 9, 2023 8:19am Jul 9, 2023 8:19am
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  • #110,231
  • Jul 9, 2023 12:34pm Jul 9, 2023 12:34pm
Pretty good article by Forbes about the CBDC’s and the coming FedNow! which are gona come this month.

https://www.forbes.com/advisor/inves...igital-dollar/
You have an IQ lower than 90 if you interact with this user.
  • #110,232
  • Edited 7:31pm Jul 9, 2023 7:14pm | Edited 7:31pm
Quoting gatorinla
{quote} {image}
I think it will retrace to 0949 sometime now into early NY. It may support some.1.0949 may be tested several times. It can also have some R value when below it. Second choice 0917/20. The better buy if it goes that deep is 1.0903.5+ spread for entry. A tight stop may suffice. ST tp 0949. But it may allow a position long also for a greater ride North. 1.090.5 may be a st or longer term entry. With a minimal stop if it gets there. A possible cherry pick. If the current Friday high holds.
those who can, do. those who cant, talk about those who can
  • #110,233
  • Jul 9, 2023 7:28pm Jul 9, 2023 7:28pm
Quoting gatorinla
Next week breaking 1.1005. Is likely a sign of more upside. It may slow/stop the rise in the attempt to break 1.1005 (below 1.01005 w/o touching on first attempt). When near/below 1.1005 using adr. PA is about 55 pips from 1.0949. With the R at 1.105 ish, and the attraction to 1.0949. PA may fall before LC Monday back to 0949. If it falls below 1.0949 it may test 1.0917 or 1.0903. 1.0903x may have solidified into support now. (untested atm). If at 1.090x Sunday/Monday Asia/ European session. It may start to run back up...
Change 1.1.005 to 1.0997
those who can, do. those who cant, talk about those who can
  • #110,234
  • Jul 9, 2023 7:37pm Jul 9, 2023 7:37pm
Quoting gatorinla
.0956 that is a gap. It should be attracted to 1.0949. A 0956 open may help it pass below 0949. That may let it test 1.0903.5 as support. ADR from 1.0903 is about 70 ish pips. A solidified 1.0903.5 launch may be enough to break 1.1005. 1.1005is not exact, I will post exact after it opens. Its a guesstimate. I think it will run to 1.1186. Beyond that there can be slippage. Once there I will stay tuned if it looks to be fading. The 200 ema on the week is not used much. It may...
It did open below 0956. So 0949 has goods odds of a visit. The open below 0956 adds a little to 1.0903.5 visit also.
Some pivot action at 0934 possible.
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those who can, do. those who cant, talk about those who can
  • #110,235
  • Jul 9, 2023 7:44pm Jul 9, 2023 7:44pm
Quoting gatorinla
I think pa may run to 1.0949. 1.0956 was a b/o close. The larger support being 1.0923.5. This may be a place to long Sunday early Monday. 1.0949 or 1.0903x. Below it 1.0874. Other day trade numbers will form next week. If -0903.5 and -1.0874 is lost. With large closes. It may be time to reconsider the long. 1.1185 has my long vote. After 1.1186, pa may fall. So sometime after 1.1185. I will look for topping signs. The fall may lead to a new LL this decade.
Typo here ; its 1.0903.5
those who can, do. those who cant, talk about those who can
  • #110,236
  • Jul 9, 2023 7:48pm Jul 9, 2023 7:48pm
What's old is new again
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those who can, do. those who cant, talk about those who can
  • #110,237
  • Jul 9, 2023 8:02pm Jul 9, 2023 8:02pm
Quoting gatorinla
{quote} It did open below 0956. So 0949 has goods odds of a visit. The open below 0956 adds a little to 1.0903.5 visit also. Some pivot action at 0934 possible. {image}
1.0956 is the one that tells me it has broken out with the week close above. On a normal day 0949 has a high % of being reached. O956 is one that indicates a bullish run is in progress. Sometimes these ones like 0956 dont give it back on a week time frame. Quarter wise 1.0903.5 is one that dont give back either. To reach 1.0903.5. The day 0949 would have to give some. So would the week 0956. It did open below 0956. That does let me hope for 0903x. But it not one to bet much on. Any one of those can be a long. But I chose not to short to them yet. Because 0956 to me, left the gate open. ATM pa is North of Year, Mid year, Quarter, Week, Day support. That dont look bearish to me. A retest of 1.0903 is what I would like. But it may not be offered.
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  • #110,238
  • Jul 9, 2023 9:21pm Jul 9, 2023 9:21pm
The usdx looks to be attracted to 102.32. That would push the eu higher. Making 0949 harder. 1.0949 may be all it drops today. It may not make it to 0949. ATM low at 0952.9.
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those who can, do. those who cant, talk about those who can
  • #110,239
  • Edited 2:24am Jul 10, 2023 2:13am | Edited 2:24am
Quoting gatorinla
The usdx looks to be attracted to 102.32. That would push the eu higher. Making 0949 harder. 1.0949 may be all it drops today. It may not make it to 0949. ATM low at 0952.9. {image}
I hoped eu could test 1.0903.5, but it isn't looking like bulls are done. Maybe it could happen after the other crosses equalize. Eu 0949 was visited. It may go back again. If 1.02.32 usdx held support.
The eu may need to get closer to 1.0997 before a slip.
Friday it made it to 0973. I left pendings to long 1.0903.5, Just in case I'm wrong about the bull a little
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those who can, do. those who cant, talk about those who can
  • #110,240
  • Jul 10, 2023 2:38am Jul 10, 2023 2:38am
Quoting gatorinla
{quote} I hoped eu could test 1.0903.5, but it isn't looking like bulls are done. Maybe it could happen after the other crosses equalize. Eu 0949 was visited. It may go back again. If 1.02.32 usdx held support. The eu may need to get closer to 1.0997 before a slip. Friday it made it to 0973. I left pendings to long 1.0903.5, Just in case I'm wrong about the bull a little {image} {image}
1.0903 is a full atr from today's high. It would need to break below 0949 34 20 17. That dont seem likely. If it managed to do all that. It may be back up here testing 0977/98 tomorrow or sooner. Its bullish to me. Nothing but bullish, The reaction near to 0977 0998 is not known to me yet PA tends to check places it breaks past. 1.0903 eventually may deserve a test.
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