DislikedImportant eurusd LEVELS to watch before NFP Shorting possible: 1280- interim resistance 1325 - Strong resistance 1365- Major intraday resistance If shorts on rallies are successful we could expect 1180 1150 and 1.1075. Close above 1330 invalidates shorts.Ignored
- #21,524
- Jun 5, 2015 9:22am Jun 5, 2015 9:22am
- Joined Apr 2008 | Status: Trader | 9,414 Posts
{quote} done Now i c 1.1070 somedays markets give freeeee green
- #21,525
- Jun 5, 2015 10:50am Jun 5, 2015 10:50am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
{quote} done
Now then? It looks as if the Swiss Central bank now is supporting their CHF With buying euro as their reserves have been reduced. Can we then think that the Swiss now think the bottom of the euro/USD is reached? They could not buy the euro in january at 1,2 but they can at 1,1
From what i heard max position someone can have at leading swiss bank FX desk is 5mln - which is not much.
If you watched bonds market- you could have seen that German bunds were heavily sold which caused EURUSD to jump heavily and there was no opposing liquidity.
- #21,526
- Jun 8, 2015 3:00am Jun 8, 2015 3:00am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
EURUSD dropped on Friday after good NFP and touched 1.1048 - strong static support. Today is NFP Monday and EURUSD is currently in retracement mode, while still in downtrend and 1.1165-1.1180 zone (H3, 61.8, previous swing) could reject the price towards 1.1100 and 1.1050, but in the case of a deeper retracement which could also be possible - 1.1240-50 zone ( H4, double trend line, 88.6) should also reject the price to the lower zones. For a further continuation down to 1.0960 a static 1.1050 support needs to break again and ideally a 4H close below the level would tank the pair down.
- #21,535
- Jun 10, 2015 2:32am Jun 10, 2015 2:32am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
Mr.Haruhiko Kuroda boosted the YEN with his comment about Yen weakness. He implied that a lower Yen was a boost to Japan's economy and that is hard to see Yen's effective rate falling further. The comment itself plummeted the YEN sending USDJPY down below 123.00, an instant 1.4 % loss.
Technically USDJPY could continue falling towards 122.00 but if we get a retracement to the upside, we could use it for short trades. 123.75 ( L4,61.8, previous triple bottom swing ) shows confluence and now moment sellers should reject the price towards 122.00. Have in mind that the pair is moving and that we might see a new low even without a retracement. But just in case, 123.75 is the zone to short into.
Technically USDJPY could continue falling towards 122.00 but if we get a retracement to the upside, we could use it for short trades. 123.75 ( L4,61.8, previous triple bottom swing ) shows confluence and now moment sellers should reject the price towards 122.00. Have in mind that the pair is moving and that we might see a new low even without a retracement. But just in case, 123.75 is the zone to short into.
- #21,536
- Jun 11, 2015 3:16am Jun 11, 2015 3:16am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
RBNZ announced a surprising rate cut on NZDUSD taking the OCR from 3.50 % to 3.25 %. It was unexpected and NZDUSD was instantly sold. Adding to the cut we could also spot a comment from RBNZ Governor Graeme Wheeler that NZD has more room to go down.
Technically the pair could show some retracement to 0.7080-0.7100 - confluence point (POC). We can see historical buyers (now moment sellers), L5, 38.2, inner trend line, june trendline all forming a resistance area that could be used for shorting. However if the MOMENTUM persists and we dont get a retracement ( aka loss of momentum) we might see a DIRECT DROP below 0.6997 to 0.6950- August 2010 low. That should be the next target with or without retracement to the POC. So pay attention to 0.6997 break or a bounce to confluence zone.
Technically the pair could show some retracement to 0.7080-0.7100 - confluence point (POC). We can see historical buyers (now moment sellers), L5, 38.2, inner trend line, june trendline all forming a resistance area that could be used for shorting. However if the MOMENTUM persists and we dont get a retracement ( aka loss of momentum) we might see a DIRECT DROP below 0.6997 to 0.6950- August 2010 low. That should be the next target with or without retracement to the POC. So pay attention to 0.6997 break or a bounce to confluence zone.
