Not understand?better not follow my analyses!doubt clearer first, risks ++
New Cable Thread & Other Pairs
- #9,981
- Sep 13, 2024 8:42am Sep 13, 2024 8:42am
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
- #9,982
- Sep 13, 2024 10:59am Sep 13, 2024 10:59am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,441 Posts
Following a rise from 1.1054 to 1.1090 late yesterday, EUR/USD entered a tight consolidation range between 1.1082 and 1.1102. The pair is expected to maintain this sideways movement without a clear direction for several more hours until the week comes to a close.
Next week promises to be more eventful as there is uncertainty regarding the extent of the interest rate cut by the FED. The possibility of a surprise cut may lead to increased market volatility.
That's all for today's update. I wish you a fantastic weekend filled with delicious food and enjoyable activities! Tune in tomorrow for my weekend analysis.
Next week promises to be more eventful as there is uncertainty regarding the extent of the interest rate cut by the FED. The possibility of a surprise cut may lead to increased market volatility.
That's all for today's update. I wish you a fantastic weekend filled with delicious food and enjoyable activities! Tune in tomorrow for my weekend analysis.
Looking for profitable short term trades ...|
- #9,984
- Sep 14, 2024 2:23am Sep 14, 2024 2:23am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,441 Posts
EUR/USD experienced a notable upward movement this week after initially dropping from 1.1091 to 1.1002 at the beginning of the week. The pair then managed to rise above the 1.1054 resistance level it had established earlier during its decline. This recovery not only covered the weekly range but also pushed the price slightly higher, testing the strong resistance level at 1.1100. However, the pair was unable to break through this level and subsequently retraced to 1.1072 before closing down for the week.
At the moment, EUR/USD is expected to trade within the 1.1155 to 1.1002 range. However, increased volatility could lead to a breakout beyond this range, with potential targets of 1.1201 or 1.1231/38 for the bulls, and 1.0990/80 or 1.0960/43 on the downside. If the price remains constrained within the 1.1155 to 1.1002 range, further breakouts will heavily depend on news and fundamental factors.
Weekly volatility (range) 88 pips
Option expiries for Monday: 1.1145 (EU2.15b) Source: financialjuice.com
Daily
Have a great rest of the weekend!
At the moment, EUR/USD is expected to trade within the 1.1155 to 1.1002 range. However, increased volatility could lead to a breakout beyond this range, with potential targets of 1.1201 or 1.1231/38 for the bulls, and 1.0990/80 or 1.0960/43 on the downside. If the price remains constrained within the 1.1155 to 1.1002 range, further breakouts will heavily depend on news and fundamental factors.
Weekly volatility (range) 88 pips
Option expiries for Monday: 1.1145 (EU2.15b) Source: financialjuice.com
Daily
Have a great rest of the weekend!
Looking for profitable short term trades ...|
I know this is possibly weeks and months in the making, but it has a ultra high win rate and I will be very very surprised if it fails this time around
This applies to EURUSD too as they move in sync
IGNORE the Indicators, ignore the line chart of the closes - the VERTICAL lines are the relevant information
There is a 8 year Low to Low cycle in GBPUSD - It is ALWAYS is preceded by some form of plunge, crash, decline into the low - This often occurs over numerous years beforehand, which we have had, the only part left is the last part down to prev lows or to make a new low
We are RIGHT NOW in the "plunge" zone (time wise)
"IF" we get down to the previous LOW - that was a 30 odd year double bottom (better to look on a chart showing bars and not a line closing only chart for the opportunity that yielded at the time, we could have a similar triple bottom type event, possibly, not guaranteed)
PS - I took this screen shot weeks ago - its not exactly up to date, but that is irrelevant as the cycle doesn't move
This applies to EURUSD too as they move in sync
IGNORE the Indicators, ignore the line chart of the closes - the VERTICAL lines are the relevant information
There is a 8 year Low to Low cycle in GBPUSD - It is ALWAYS is preceded by some form of plunge, crash, decline into the low - This often occurs over numerous years beforehand, which we have had, the only part left is the last part down to prev lows or to make a new low
We are RIGHT NOW in the "plunge" zone (time wise)
"IF" we get down to the previous LOW - that was a 30 odd year double bottom (better to look on a chart showing bars and not a line closing only chart for the opportunity that yielded at the time, we could have a similar triple bottom type event, possibly, not guaranteed)
PS - I took this screen shot weeks ago - its not exactly up to date, but that is irrelevant as the cycle doesn't move
{quote} Last week I mentioned that Cable may be in a range/ regular flat correction but it seems like Cable may be in an expanding range/ expanding flat correction. So i think Cable may decline to target 1.3050. 1.2950 is still in the works but I don't think it will happen just yet. Good luck for the week ahead everyone.{image} {image}
Good luck everyone
- #9,989
- Sep 15, 2024 10:27pm Sep 15, 2024 10:27pm
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,441 Posts
EUR/USD erased a big piece of the drop it did on Friday from 1.1102 but its still trading below this resistance. A break above is possible and it's opening the way for 1.1120/35 or 1.1155 significant level of resistance. Support at 1.1072 is holding the downside move from 1.1102 high and a break below should lead the price lower to 1.1054/40 for a bullish test but if the last can't hold then 1.1026 or 1.1005 could come in play. For now its heading higher probable for a test of the first resistance zone. Have a great week ahead! 
Daily volatility (range) 41 pips
Option expiries for Monday: 1.1145 (EU2.15b) Source: financialjuice.com
1 hour
Daily volatility (range) 41 pips
Option expiries for Monday: 1.1145 (EU2.15b) Source: financialjuice.com
1 hour
Looking for profitable short term trades ...|
- #9,991
- Sep 16, 2024 4:38am Sep 16, 2024 4:38am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,441 Posts
EUR/USD erased a big piece of the drop it did on Friday from 1.1102 but its still trading below this resistance. A break above is possible and it's opening the way for 1.1120/35 or 1.1155 significant level of resistance. Support at 1.1072 is holding the downside move from 1.1102 high and a break below should lead the price lower to 1.1054/40 for a bullish test but if the last can't hold then 1.1026 or 1.1005 could come in play. For now its heading higher probable for a test of the first resistance zone. Have a great week ahead!
The channel trendline can work as a pivot now but watch the resistance levels above! 1.1135/40 or 54 should be possible strong resistance levels. Below the channel we can go back to 1.1100 or 1.1072. 
Looking for profitable short term trades ...|
- #9,992
- Edited 4:58pm Sep 16, 2024 5:26am | Edited 4:58pm
{quote} Bulls are we finished!
'In the clearing stands a boxer And a fighter by his trade..'
- #9,998
- Sep 16, 2024 10:52am Sep 16, 2024 10:52am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,441 Posts
EUR/USD advanced to 1.1137 today due to increased expectations of a 0.50% rate cut by the Fed. The pair has since slowed down and is testing the 1.1116 level.
The trend remains upward. A continuation could target the 1.1154 high. However, if the pair drops below 1.1100, the next support level could be 1.1072.
Tomorrow's US retail sales release is crucial. A lower number is expected, which should favor the bulls. However, a downside surprise could lead to a sharp drop in EUR/USD.
That's all for today, I wish you all green pips and good luck!
The trend remains upward. A continuation could target the 1.1154 high. However, if the pair drops below 1.1100, the next support level could be 1.1072.
Tomorrow's US retail sales release is crucial. A lower number is expected, which should favor the bulls. However, a downside surprise could lead to a sharp drop in EUR/USD.
That's all for today, I wish you all green pips and good luck!
Looking for profitable short term trades ...|
- #9,999
- Sep 16, 2024 10:27pm Sep 16, 2024 10:27pm
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,441 Posts
EUR/USD stayed above support at 1.1116 and did an attempt to rise above 1.1137 but failed and is trading inside the range now. A break above will lead the price towards 1.1154 resistance with chances to see a bounce lower but any upside surprise will open the way for 1.1201 next. Below support EU should trade at 1.1100 and if that can't hold lower at 1.1072. More levels on the 1 hour chart below. Have a great day ahead!
Daily volatility (range) 45 pips
Option expiries for Tuesday: 1.1125 (EU1.06b), 1.1030 (EUl1.06b), 1.1295 (EU876.5m) Source: financialjuice.com
Significant news - US Retail Sales, US Industrial Production
Daily volatility (range) 45 pips
Option expiries for Tuesday: 1.1125 (EU1.06b), 1.1030 (EUl1.06b), 1.1295 (EU876.5m) Source: financialjuice.com
Significant news - US Retail Sales, US Industrial Production
Looking for profitable short term trades ...|
