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Cable Update (GBPUSD)

  • #858,761
  • Apr 25, 2025 7:49am Apr 25, 2025 7:49am
Quoting MrFanciful
Out of curiosity, what is everyone's rationale for thinking the DXY is going back above 100? I'm not suggesting that it won't, just wondering why people think that it will.
for me Not now but everyone maybe trying to be ahead of the curve but i beleive it has to test the 4 hr support below before any move up
  • #858,762
  • Apr 25, 2025 7:52am Apr 25, 2025 7:52am
Quoting MrFanciful
Out of curiosity, what is everyone's rationale for thinking the DXY is going back above 100? I'm not suggesting that it won't, just wondering why people think that it will.
Right now, the EU is in a little bit of a pickle...
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  • #858,763
  • Apr 25, 2025 7:55am Apr 25, 2025 7:55am
Quoting Godspromise
{quote} for me Not now but everyone maybe trying to be ahead of the curve but i believe it has to test the 4 hr support below before any move up
Only reason I can think of is that eventually a move to "balance" it out is made. Even the 2015 crash of the EURCHF went back to the price point where that crash happened. Took about 2.5 years, but it still did it.

A big reason for me that it might not, from a technical perspective, is that this up move could actually have been the "balancing" to the earlier large down move starting on 03/04/25, which was broken above and retested on 17/04. Only the flip side, the dollar isn't actually crashing, contrary to popular belief, it's still the WRC and the long term trend of the GU against the dollar is down.
  • #858,764
  • Apr 25, 2025 7:56am Apr 25, 2025 7:56am
Quoting MrFanciful
Out of curiosity, what is everyone's rationale for thinking the DXY is going back above 100? I'm not suggesting that it won't, just wondering why people think that it will.
99.200 is support
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yes yes yes
  • #858,765
  • Apr 25, 2025 7:57am Apr 25, 2025 7:57am
Quoting MrFanciful
Out of curiosity, what is everyone's rationale for thinking the DXY is going back above 100? I'm not suggesting that it won't, just wondering why people think that it will.
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  • #858,766
  • Apr 25, 2025 7:58am Apr 25, 2025 7:58am
Quoting Guy1969
{quote} Right now, the EU is in a little bit of a pickle... {image}
Now that is an understatement.

I'm surprised that the Euro hasn't been in freefall given that LeGarde said the "Digital Euro" (read: CBDC) is launching in October. This is obviously going to be used to massively print the current euros and pay off their massive debts with a hyper-inflating currency. I would have thought it so obvious that this is what is happening that everyone would be trying to run for the door as quickly as possible.
  • #858,767
  • Apr 25, 2025 8:05am Apr 25, 2025 8:05am
Quoting MrFanciful
{quote} Now that is an understatement. I'm surprised that the Euro hasn't been in freefall given that LeGarde said the "Digital Euro" (read: CBDC) is launching in October. This is obviously going to be used to massively print the current euros and pay off their massive debts with a hyper-inflating currency. I would have thought it so obvious that this is what is happening that everyone would be trying to run for the door as quickly as possible.
Here's my take. Under normal conditions everything you mention is 100% correct. But since the Tariff Man saga, the market went out of their way not to buy the dollar, in a way showing discontent with the whole situation. That can unfortunately only last so long.
  • #858,768
  • Apr 25, 2025 8:11am Apr 25, 2025 8:11am
I went short on the pound-dollar

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  • #858,769
  • Apr 25, 2025 8:28am Apr 25, 2025 8:28am
CLosed for 132p. Kudos, GU and EU held strong.
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  • #858,770
  • Apr 25, 2025 8:40am Apr 25, 2025 8:40am
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yes yes yes
  • #858,771
  • Apr 25, 2025 8:44am Apr 25, 2025 8:44am
Quoting Guy1969
CLosed for 132p. Kudos, GU and EU held strong. {image}
Both pairs are making it difficult to have a proper SL when entering trades. By now I expect GU to be at 3220 but the stubborn goat has refused to move
  • #858,772
  • Apr 25, 2025 9:17am Apr 25, 2025 9:17am
The ugly PA and the slowly motion make sense..
structure on 15-daily are mixed.

it will fall down eventually because Dxy making upside noises.
  • #858,773
  • Apr 25, 2025 9:37am Apr 25, 2025 9:37am
Gold down $63, and one gets the sense the dollar not done yet.
  • #858,774
  • Apr 25, 2025 9:52am Apr 25, 2025 9:52am
Come on mister goldi
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yes yes yes
  • #858,775
  • Apr 25, 2025 9:55am Apr 25, 2025 9:55am
Come on mister mf
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yes yes yes
  • #858,776
  • Apr 25, 2025 9:59am Apr 25, 2025 9:59am
Finally GJ working out.. first target is todays -R3 zone around 192 area before. We see where it goes next week
Insane in the Brain..
  • #858,777
  • Edited 10:21am Apr 25, 2025 10:06am | Edited 10:21am
no great changes than morning pa . anyway waiting test 3292 to what reaction this time !
similarly eurusd 1336 test
likely breaks down for 3285 low play and if so why not 3273 before bounce if ! here more important sr 3273 and 58 after having breaks down 3292
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #858,778
  • Apr 25, 2025 10:16am Apr 25, 2025 10:16am
Quoting MrFanciful
Out of curiosity, what is everyone's rationale for thinking the DXY is going back above 100? I'm not suggesting that it won't, just wondering why people think that it will.

i am buying dollars. i think dxy will make a new multi year high above 115 in the next years.

why? europe will suck, china will have to stay cheap to survive.

so dollar will be king;-)
trading is like dancing, don't think and just listen to the music!
  • #858,779
  • Apr 25, 2025 10:40am Apr 25, 2025 10:40am
Quoting birdland
{quote} i am buying dollars. i think dxy will make a new multi year high above 115 in the next years. why? europe will suck, china will have to stay cheap to survive. so dollar will be king;-)
The DXY monthly is something I'm watching. Month-end could easily see a push up to March low, after falling back lower to 94.560. But one thing's for sure, key monthly levels is in play now.
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  • #858,780
  • Apr 25, 2025 10:56am Apr 25, 2025 10:56am
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