EURUSD

The Jan 6th low also coincides with the weekly R1 level at 3311.
Look at a 4 hour or hourly chart and see the rejections.

It's doing it's best to to up. This is what is making it so difficult to read.

Good Trading.

I am looking for a HH bar to close beneath a LL bar, bto of which are trading below 1.3263 on 1min chart.

Good Trading.

If you look at the MACD in a 3 min view there is a nice Hidden Bullish Divergence formation occuring (LL on the MACD & HL on the prices)

Longer time frames look bullish to me, but that doesn't mean it can't rocket lower on a whim.

I can see an up signal on the 1hr and a down on the 15min???
Best to stay out for now, and try to work out a direction.

Good Trading.

oil turning positive and treasuries selling off further

Point & Figure chart showing a developing "Trend Line Penetrated-Bearish Signal" at the bottom end and a Resistance Level at the top end.

I believe, if the bottom end becomes a completed "Trend Line Penetrated-Bearish Signal", market may be in for a drop.

I agree...to easy to get slammed around as choppy as it is.....However I still think it will return bearish...the over all trend on the 4H & Daily is bearish...I think this is just a short term upward push....However I have been wrong before

Yeah, just missed 20 free pips, ended up waiting 2 mins to llong and had to sell for BE...

my appreciation for long may be disputed by one more dash lower...

it shouldnt be long now.. when the gbp gets a little stronger and the gu hit 4350ish both will go south... just a far fetched thought.. wrote something pointing to this yesterday afternoon.. eg need to find balance between themselves... thats 3300 or near eu and gu at 4350ish...and the eg near daily pivot 9242 ish... where trend line intersect on a 30 min chart.. within 25 pips...we are within 40 pips now... in simple terms the like trend pairs have to catch up with each other.. and at the same time uc will spred further..

My Galileo_EC Automated Strategy just initiated a sell on my Strategy Runner platform.


.... interesting ...

does anyone tell me what is going on why eur still go up and from where i should do sell any one have idea what about short from 1.3351 anyone agree me or wat

it will just remain choppy until the news come out (or leaks )

I'm long at 1.3273...grab 10 pips or so then bail..

Bailing Out...

Just gone LONG at 1.32834, scalp hoping for a little better.

Good Trading.

why u did buy from 1.3283 why and tp at at what positin

Both [EU STOCKS AND BONDS] pushing higher mid-lunchtime with the bourses hitting new intra-day peaks and the 10yr contracts just off their highs. Dax hits a new high of 4485, +161 points with the financial, tech and industrial sectors all gaining around 6% on the day. FTSE up 96 at 4290, with the financial sector the standout, showing gains of 9%+. DJII futures up 150 points on financials and the heavy talk of a 'bad bank'.

OIL] OPEC Sec Gen el-Badri in the latest comments from the WEF at Davros sees only a slow recovery in oil prices from Q3 this yr. Again, has highlighted the l-term risks of oil prices at current levels with Usd 50 too low to encourage exploration and investment - sees OPEC as needing between prices between Usd 75/100. However, noting that OPEC compliance as 100% by end-Jan, and currently blames spec accounts for pushing prices down. NYMEX has seen a knee-jerk higher to approach the Usd 42 handle again, with short covering ahead of the US weekly crude release later in the session. Crudes are expected up 2.8 mn, with gasoline up 1.75 but distillates down 1.13 mn.