nikkei goes up so probably dax and ftse250 gonna up too.
U/J on consolidation other yen pairs will go up.
oil,gold up
usd index down or consolidation.
MT4: how to change "EURUSD" to "#EURUSD"? 3 replies
Re: EurUsd short term 15 replies
did oanda just drop its spread for eurusd to 1 pip? 11 replies
EA for multiple lot limit order for EURUSD 0 replies
NFP nice bump up on EURUSD 2 replies
DislikedFor those of you are scalping disregard, but a reminder for the rest of us:
EU has dropped 1380 pips off the high - a move of 80 pips off of Fridays low does not represent fresh longs in Tokyo. More likely weak shorts getting shaken out, smart shorts taking profit waiting for new opportunities to hit the long (wrong) traders. Momentum is to the downside and until that changes dramatically that is the direction I will be trading.Ignored
DislikedMomentum is to the downside and until that changes dramatically that is the direction I will be trading.Ignored
DislikedThe PP is a .4719 which is near a .4720 psych level.
Since we are above the PP we are looking to go long.
Watch .4750.
If price hits it, retraces a little and begins to move north again it should have enough momentum to propel it to S1 at .4779.
If it makes it to S1 expect serious resistance.
In a ranging market price will often over extend itself during the EURO session and look to correct back to a normal range - the daily PP in our case.
I'll add that I don't like this kind of market. It can turn on you at any moment.
The long term bias still remains down and I remain convinced that Oil will sell of further in the near term.
NOTE: I will only scalp in the direction of the long term trend - which is down. So while the above would be a typical analysis for trading pivots I won't take a long on a low volume Monday.Ignored
DislikedThat is kind of the area I am looking at for some kind of retrace. Watching for it in the next couple of days, maybe sooner - who knows?Ignored
DislikedThe WORST ever was 16 last month. A first from the last two 16 prints...
Stay Tuned ! Who Knows it could be 15 or if it is 18 The Markets would JUMP all over it saying Housing Has Hit Bottom !!! Happy Days are Here Again...
BruceIgnored
DislikedExcellent article thanks.
Wow, cable may have not seen its bottom...Ignored