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EURUSD

  • #899,421
  • May 20, 2014 4:56am May 20, 2014 4:56am
London session resume so far:
MACRO SELLS EUR/JPY AT THE START OF THE EU SESSION which spilled to EURUSD
Traders reported Asian demand at 1.3675 (citiboy friends)
Stops building below 1.3650
Bulls camping at 1.3640/45
Only one sized option at EUR/USD:1.3700-10 (820M)

ECB speakers Linde Liikanen to speak at 1530(15:30) and Nowotny(17:00) (LONDON TIME)

Interesting headlines:
CEE (Crotia/Czech/Hungary/Poland/...) spreads close to multi-year lows.
And the most important headline of all, Bernanke doest see FED-funds back to 4% in his life-time.
  • #899,422
  • May 20, 2014 5:03am May 20, 2014 5:03am
Quoting kuroro001
{quote} Try this one as well. Always good on paper though {file}
Thank you.
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #899,423
  • May 20, 2014 5:03am May 20, 2014 5:03am
Quoting gatorinla
{quote} i think he was saying he bought above support
Thanks GI think he mean that3782 - 3792 very important breaking this zone could lead to much higher
  • #899,424
  • May 20, 2014 5:04am May 20, 2014 5:04am
Quoting JohnIsShort
London session resume so far: MACRO SELLS EUR/JPY AT THE START OF THE EU SESSION which spilled to EURUSD Traders reported Asian demand at 1.3675 (citiboy friends) Stops building below 1.3650 Bulls camping at 1.3640/45 Only one sized option at EUR/USD:1.3700-10 (820M) ECB speakers Linde Liikanen to speak at 1530(15:30) and Nowotny(17:00) (LONDON TIME) Interesting headlines: CEE (Crotia/Czech/Hungary/Poland/...) spreads close to multi-year lows. And the most important headline of all, Bernanke doest see FED-funds back to 4% in his life-time.
Nice summary
  • #899,425
  • May 20, 2014 5:08am May 20, 2014 5:08am
Quoting ffleo
{quote} great. Do you know the symbols for other currencies? Like Aussie, pound, and canadian dollar? Also US dollar?
EUR = EUI
http://investing.money.msn.com/inves...ex/?symbol=EUI
CHF = SFC
http://investing.money.msn.com/inves...ex/?symbol=SFC
GBP = BPX
http://investing.money.msn.com/inves...ex/?symbol=BPX
CAD = CDD
http://investing.money.msn.com/inves...ex/?symbol=CDD
AUD = AUX
http://investing.money.msn.com/inves...ex/?symbol=AUX
JPY = YUK
http://investing.money.msn.com/inves...ex/?symbol=YUK
NZD = NZD
http://investing.money.msn.com/inves...ex/?symbol=NZD

The USD is known as DXY, oddly it isn't on msn money but you can find it here:
https://nz.finance.yahoo.com/q?p=fin...com&s=DX-Y.NYB

I really don't get how we can properly get an understanding of whats going just by looking at a PAIR chart. If we see EUR/USD going up how do we know if EUR is getting stronger or if USD is getting weaker? Why everybody in the retail marker does it doesn't make any sense to me /:
I would imagine the banks around the world don't even bother with pair charts...
They drive world prices by making the underlying assets move..
  • #899,426
  • May 20, 2014 5:20am May 20, 2014 5:20am
1
New voice message: Why are you calling me? If I need you, I'll call you!
  • #899,427
  • May 20, 2014 5:21am May 20, 2014 5:21am
Quoting KillerWhale
1
2
New voice message: Why are you calling me? If I need you, I'll call you!
  • #899,428
  • May 20, 2014 5:21am May 20, 2014 5:21am
Incredible headline just in: http://www.forexlive.com/blog/2014/0...g-20-may-2014/

The rationale is that ECB would surpress volatility on EUR rates as expectations will lessen, but I think ECB meetings is exactly what IS surpressing volatility, look the example of today, we don't go any higher or lower because of fear of the next meeting 3 weeks away and inflation data.
The fact that central banks try to interfere with markets so much is what causes low volatility, not the other way around. I think this headline is incredible bullish for trend formation, and as trend forms volatility will just increase as price adjusts not the other way around.

We can actually start trading normally like other generations of traders used to trade.
  • #899,429
  • May 20, 2014 5:25am May 20, 2014 5:25am
Quoting KillerWhale
{quote} 2
  • #899,430
  • May 20, 2014 5:28am May 20, 2014 5:28am
IMO Today is time for shorting USD in all pairs...

Venceremos
The good thing with the future is that it is progressively approaching...
  • #899,431
  • May 20, 2014 5:29am May 20, 2014 5:29am
Quoting Magicmen
{quote}
3








New voice message: Why are you calling me? If I need you, I'll call you!
  • #899,432
  • May 20, 2014 5:38am May 20, 2014 5:38am
Quoting julia2011
{quote} gator can you give us your view on aussie
the same as before.. i dont have those charts from last year.. .83 is a target but before 9499 is still not reached atm in the inside setup.. a new high may setup 9614.. and we did not retrace to 1.02ish since drop. atm it may nor seem like its in a supportive area. it may well be now or soon at 9253 if you consider 9614 as a possible target.
those who can, do. those who cant, talk about those who can
  • #899,433
  • May 20, 2014 5:46am May 20, 2014 5:46am
Quoting gatorinla
{quote} the same as before.. i dont have those charts from last year.. .83 is a target but before 9499 is still not reached atm in the inside setup.. a new high may setup 9614.. and we did not retrace to 1.02ish since drop. atm it may nor seem like its in a supportive area. it may well be now or soon at 9253 if you consider 9614 as a possible target.
as i remeber also on my last years chart it was 82
  • #899,434
  • May 20, 2014 5:49am May 20, 2014 5:49am
Quoting KillerWhale
Just wondering, did anyone pick up the hint in shorting USD/TRY? {image}
KW it's back to 2.10 now. and can get to 2.12 before any downside will materialize.
  • #899,435
  • May 20, 2014 5:52am May 20, 2014 5:52am
Quoting Magicmen
{quote} Changed my mind. Switch to scalp mode. I am short 3695 SL today's high. TP: TBD
Agree, i think too, 1.3678 is not the lowest of the day, shorting from 1.3695 as well sl 1.3713 tp 1.3669,
besides just closed my long at 1.3695 that one which tp was 1.4233 manually, looking for new set up on 1.366x area with the same tp 1.4233
(It's not an advise, use your own head..)
  • #899,436
  • May 20, 2014 5:57am May 20, 2014 5:57am
Afternoon,

Looks like eurusd is aiming at 1.3745/50 aroundbouts to clear some offers before tomorrows FOMC.

Alternative is wiping bids down to 1.3630/35 but does not look that probable.

GBP and CHF are currencies that should move major pairs today.
They think they are smarter than I am.
  • #899,437
  • May 20, 2014 5:59am May 20, 2014 5:59am
Quoting pytaz
{quote} Agree, i think too, 1.3678 is not the lowest of the day, shorting from 1.3695 as well sl 1.3713 tp 1.3669, besides just closed my long at 1.3695 that one which tp was 1.4233 manually, looking for new set up on 1.366x area with the same tp 1.4233
  • #899,438
  • May 20, 2014 6:10am May 20, 2014 6:10am
Quoting pedro319
{quote} AUDUSD Sell This might be it. Price retraced .786 up on Daily after .707 Ret on weekly, also it's coming off MR1. I expect continuation down before turning up again on Weekly chart. There is also negative Divergence on Daily chart plus a little ABCD on Hourly that can be traded. GL {image} {image}
AUDUSD

Price has reached daily support 3 and passed through weekly support 2, at the same time we are approaching Monthly support 1 at 0.9174, so I expect little pause with maybe a bounce on smaller timeframes and then continuation as Daily and weekly time frames are now aligned. So, we can look for opportunities to add shorts on smaller time frames (1 and 4 hours charts)
Cheers.
We watch the charts from every angle so you don't have to!!
  • #899,439
  • May 20, 2014 6:16am May 20, 2014 6:16am
Quoting egkid
what's the low guys? my low 3678!!
3596 with ease price now 3696
If you are new to Forex? Say Goodbye to your account!!
  • #899,440
  • May 20, 2014 6:19am May 20, 2014 6:19am
Is there an invisible hand holding up the EURUSD?

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