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  • #1,062,941
  • Mar 30, 2016 3:31am Mar 30, 2016 3:31am
Quoting timos
Who else thinks NFP may send eur/usd to new highs today? Here is my view: 1.1325 Supply/Support level has already been tested 2 times,therefore is more weak as orders have been consumed and it's more easy for the price to go through. Daily uptrend with strong bull bars everywhere. Weekly uptrend.Strong bull bars as well. {image}
I do . Looks like Fed will not raise rates, seeing these strong bullish candles.
  • #1,062,942
  • Mar 30, 2016 3:42am Mar 30, 2016 3:42am
USDX
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  • #1,062,943
  • Mar 30, 2016 3:42am Mar 30, 2016 3:42am
Quoting timos
Who else thinks NFP may send eur/usd to new highs today? Here is my view: 1.1325 Supply/Support level has already been tested 2 times,therefore is more weak as orders have been consumed and it's more easy for the price to go through. Daily uptrend with strong bull bars everywhere. Weekly uptrend.Strong bull bars as well. {image}
NFP = first Friday in each month, today there is no NFP, only ADP.
  • #1,062,944
  • Mar 30, 2016 3:52am Mar 30, 2016 3:52am
Quoting geektrader
{quote} NFP = first Friday in each month, today there is no NFP, only ADP.
My bad.
I meant ADP
  • #1,062,945
  • Mar 30, 2016 3:54am Mar 30, 2016 3:54am
more likely to go up....................any one agree
atheer1
  • #1,062,946
  • Mar 30, 2016 3:58am Mar 30, 2016 3:58am
Currently waiting for it to retrace to the 1.12900-1.1300 area to go long
  • #1,062,947
  • Mar 30, 2016 4:18am Mar 30, 2016 4:18am
Quoting atheer1
more likely to go up....................any one agree
The market looks quite overstretched to me on the hourly. We have left a volume void behind between 1.1225 and 1.1260. I feel we need to come back and fill some volume in here, especially if we break back below the 1.1285 level marked in yellow

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  • #1,062,948
  • Mar 30, 2016 5:18am Mar 30, 2016 5:18am
Quoting atheer1
more likely to go up....................any one agree
nope! lol heading back to sub 1.1200 I have a small bet going into NFP for this and will add full if it confirms my bet.
All posts are my personal opinion
  • #1,062,949
  • Mar 30, 2016 5:22am Mar 30, 2016 5:22am
Quoting Rtm
{quote} nope! lol heading back to sub 1.1200 I have a small bet going into NFP for this and will add full if it confirms my bet.
Tend to agree that short is the better play heading into NFP. The overall market has a dovish stance, so a strong number will have a bigger impact than a weak one.
  • #1,062,950
  • Mar 30, 2016 5:23am Mar 30, 2016 5:23am
Quoting Rtm
{quote} nope! lol heading back to sub 1.1200 I have a small bet going into NFP for this and will add full if it confirms my bet.
agreed. EU and GU down.
  • #1,062,951
  • Mar 30, 2016 5:39am Mar 30, 2016 5:39am
The EUR/USD is trading higher in today's session after it became clear that Janet Yellen is not going to raise rates next month. Traders and investors read her commentaries as bearish for the dollar and the pair surged to 1.1250 mid-event. Early this morning the EUR/USD made a high of 1.1330, first resistance and is now trading at 1.1312.
  • #1,062,952
  • Mar 30, 2016 5:44am Mar 30, 2016 5:44am
Hope it makes sense.Generally an uptrend is building at support of channel on the monthly time frame.Anticipating a repeat of what occurred in low of 2000/2002 in 2015/2016 at Channel support.Good luck and many pips to all.
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Follow the Flow and Grow
  • #1,062,953
  • Mar 30, 2016 5:58am Mar 30, 2016 5:58am
Quoting LiftTheOffer
{quote} Tend to agree that short is the better play heading into NFP. The overall market has a dovish stance, so a strong number will have a bigger impact than a weak one.
it is a double edge sword, it is looking like heading into strong resistance, however that can get nasty if it doesn't hold, swissy is not agreeing with a USD pump, so watch out for the double edged sword she could blast through the previous daily highs and slaughter shorts, just say, not predicting:-)
If you are new to Forex? Say Goodbye to your account!!
  • #1,062,954
  • Edited 6:16am Mar 30, 2016 6:01am | Edited 6:16am
I have updated my FED Watch.

It is not a great picture for US Dollar bulls.
After Yellens dovish comments yesterday, probabilities of FED raising interest rates this year had been diminished across the board. Market is now clearly not confident at all in FEDs promises. It seems like there is no reason left to hold Dollars this year?
I would expect this sentiment to be confirmed by Commitments of Traders in the coming weeks. Let's see
Shortly:
April down to 5% from 14%
June down to 30% from 36%
July down to 43% from 50%
September down to 50% from 62%
November down to 54% from 66%
December down to 65% from 74%

You can access longer charts here
HumbleTraders
  • #1,062,955
  • Mar 30, 2016 6:16am Mar 30, 2016 6:16am
Quoting KiwiTrada
{quote} it is a double edge sword, it is looking like heading into strong resistance, however that can get nasty if it doesn't hold, swissy is not agreeing with a USD pump, so watch out for the double edged sword she could blast through the previous daily highs and slaughter shorts, just say, not predicting:-)
I love a good stop run If it blasts through those highs on a weak number I think it would be a good short entry, The key question is as what level will the last short get stopped out (the perfect entry)
  • #1,062,956
  • Mar 30, 2016 7:02am Mar 30, 2016 7:02am
Quoting tunera
{quote} Yes i don't need to buy at the exact bottom, i'm too old for such kind of virtuosity But ok i'll get my 100 pips pretty soon, february highs are calling.
still holding this baby from last week, will february highs be touched today?
  • #1,062,957
  • Mar 30, 2016 7:19am Mar 30, 2016 7:19am
As it should be:
good news for US = USD losing
bad news for US = USD losing

Edit: I stand corrected might actually be a switch for a change
forex forex forex
  • #1,062,958
  • Mar 30, 2016 7:28am Mar 30, 2016 7:28am
Quoting swimmax
As it should be: good news for US = USD losing bad news for US = USD losing Edit: I stand corrected might actually be a switch for a change
seems you finally catching on , news is all BS.
All posts are my personal opinion
  • #1,062,959
  • Mar 30, 2016 7:32am Mar 30, 2016 7:32am
?
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  • #1,062,960
  • Mar 30, 2016 7:41am Mar 30, 2016 7:41am
1.1330 seems a strong resistance.
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