{quote} I don't see any strong demand coming until 1.64 but upcoming US reports are in focus might change the tide
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Yes the next real layer of big Bids stay at around 1.6250, so far we are in "free fall".
But, some little intraday demand is still available around the current prices, however the current offers at 1.6516 and 1.6526 should limit any upside attempt.
And maybe also offer a good opportunity to sell the market. (right now looks like it don't need any offer to continue it's fall)
I mean, people willing to sell at a level.
Now, when people sell, the market stop going up, and start going down.
So, offers levels do usually mean that price will eventually top and reverse, viceversa for bids, when a bid level is reached price usually do bottom and start going up again.
Of course the market is very dynamic at every second thousands of orders are created, filled, deleted, from all around the world.
So, well just be careful.
As for now that offers seems to have done their job, i wonder if we'll get to the 1.3720 bids today.
*** Eurusd 20 Mar Final update *** Big offers @ 1.3844 Offers (good sized) @ 1.3775 Current 1.3771 Smal bids @ 1.3763 Bids @ 1.3747 Bids (Good sized) @ 1.3720 good luck!
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Hi Spaceduck
I just wanted to thank you for starting your thread , which I think can benefit many , you must be a good guy !
Please keep up the good work .
{quote} Hi Spaceduck I just wanted to thank you for starting your thread , which I think can benefit many , you must be a good guy ! Please keep up the good work .
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Thanks robuk!
*** 21 Mar EURUSD ***
no big changes on the orderboard from yesterday ny session.
Big offers @ 1.3844 Offers (good sized) @ 1.3775 (consumed)
Current 1.3789
Bids @ 1.3774
Bids (Good sized) @ 1.3720
Both ny and tokyo session have seen buys hitting the market (not really powerful ones, but for sure not selling).
Eyes now are on the bids at 1.3774 and how the market act when/if get there. (breakout and downtrend continuation, or bounce?)
I'm starting to get a little bit skeptical about this downtrend.
Let's see
More informations to comes when market will hit the bids.
{quote} Thanks robuk! *** 21 Mar EURUSD *** no big changes on the orderboard from yesterday ny session. Big offers @ 1.3844 Offers (good sized) @ 1.3775 (consumed) Current 1.3789 Bids @ 1.3774 Bids (Good sized) @ 1.3720 Both ny and tokyo session have seen buys hitting the market (not really powerful ones, but for sure not selling). Eyes now are on the bids at 1.3774 and how the market act when/if get there. (breakout and downtrend continuation, or bounce?) I'm starting to get a little bit skeptical about this downtrend. Let's see More informations...
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Bids at 1.3774 reached.
We have reports of new good sized offers at 1.3790.
So far seems the "downtrend" is still well offered, interesting..
*** 21 Mar NZDUSD *** Reports of good sized offers at current levels 0.8548
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*** 21 MAR nzdusd orderboard ***
Ok, we had this report of offers, so let's go deep with the board.
Big Offers at 0.864 Good sized Offers at 0.8547 (getting tested now)
Current 0.8551
Small Bids at 0.8527
Bids at 0.8500
Big Bids at 0.8432
Personal opinion:
The medium-term uptrend seems intact, yet depending of the size of today offers we may eventually see another dip down, in that case eyes on the bids at 0.8432. And be careful!
**Update:
i will write again about nzdusd when/if the small bids will be reached
