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EURUSD

  • #1,068,021
  • May 24, 2016 5:12am May 24, 2016 5:12am
Quoting baliprada
{quote} maybe not directly, but I try to explain my opinion USD itself... the current exchange rate that appears in front of our screens is the result of the weighting of any economic data that was published before, so prices reflect only the weight USD that they made earlier, since the month of February they assume that in the month of June the Fed will raise interest rates (they assume this year there are 2 times the rate hike, but they were still in doubt), then some time ago there was a strengthening of the dollar continuing to the present,...
Yep, you're right, I know, is like walking tightrope show. Thank you for your great answer, Baliprada!
Member
  • #1,068,022
  • May 24, 2016 5:14am May 24, 2016 5:14am
Okay, but on the other side of the dollar there are other currencies that are not static. Specifically, the Euro has many more players in the game: the ECB , doubt about the Italian banks , Germany and its economy , UK ... and the upcoming elections in Spain that can result in a radical government that generates great economic uncertainty . You have to see both sides of the coin.

Quoting baliprada
{quote} maybe not directly, but I try to explain my opinion USD itself... the current exchange rate that appears in front of our screens is the result of the weighting of any economic data that was published before, so prices reflect only the weight USD that they made earlier, since the month of February they assume that in the month of June the Fed will raise interest rates (they assume this year there are 2 times the rate hike, but they were still in doubt), then some time ago there was a strengthening of the dollar continuing to the present,...
  • #1,068,023
  • May 24, 2016 5:18am May 24, 2016 5:18am
Quoting TudorIoan
{quote} Yep, you're right, I know, is like walking tightrope show. Thank you for your great answer, Baliprada!
you're welcome mate n good luck
Libenter homines id quod volunt credunt
  • #1,068,024
  • May 24, 2016 5:18am May 24, 2016 5:18am
Quoting TudorIoan
{quote} You know better why, Abe is desperate to depreciate his currency and today he found few yen in his pocket to sell them for few bucks LOL
To be accurate, Abe found few yen in Kuroda's pocket.
Patience is a key to joy.
  • #1,068,025
  • May 24, 2016 5:19am May 24, 2016 5:19am
The EUR/USD is trading lower today after a few days of consolidation around 1.12. Price is currently 1.1183 with a low of the day of 1.1168. First support is seen at 1.1150.
  • #1,068,026
  • May 24, 2016 5:21am May 24, 2016 5:21am
Quoting zapiron
Okay, but on the other side of the dollar there are other currencies that are not static. Specifically, the Euro has many more players in the game: the ECB , doubt about the Italian banks , Germany and its economy , UK ... and the upcoming elections in Spain that can result in a radical government that generates great economic uncertainty . You have to see both sides of the coin. {quote}
yes, I always use the data I created two sides further weighting to each, including charts n trading volume ...

good luck
Libenter homines id quod volunt credunt
  • #1,068,027
  • May 24, 2016 5:26am May 24, 2016 5:26am
Quoting zapiron
Okay, but on the other side of the dollar there are other currencies that are not static. Specifically, the Euro has many more players in the game: the ECB , doubt about the Italian banks , Germany and its economy , UK ... and the upcoming elections in Spain that can result in a radical government that generates great economic uncertainty . You have to see both sides of the coin. {quote}
Yes ,all that, but not all have the same important influence. We use to consider just ECB's, Fed's, and daily news which creates artificial moves because of the market actors sentiment ...if we would consider every element, we would go nuts LOL

Quoting TeddyBearish
{quote} To be accurate, Abe found few yen in Kuroda's pocket.
Right. Sorry, I'm on my job today, couldn't remember who is who LOL
Member
  • #1,068,028
  • May 24, 2016 5:30am May 24, 2016 5:30am
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.mH1.png Size: 37 KB
  • #1,068,029
  • May 24, 2016 5:56am May 24, 2016 5:56am
we need it to move to trade, nothing moves
When life gives you lemons, make lemonade
  • #1,068,030
  • May 24, 2016 6:11am May 24, 2016 6:11am
USA, yesterday trading end 1.1215
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_D.gif Size: 198 KB
  • #1,068,031
  • May 24, 2016 7:07am May 24, 2016 7:07am
Quoting Don96
{quote} we will see about that 1.1164
I took long 15 pip SL
  • #1,068,032
  • May 24, 2016 7:30am May 24, 2016 7:30am
Quoting Don96
{quote} I took long 15 pip SL
wait for 1160 touch down
  • #1,068,033
  • May 24, 2016 7:30am May 24, 2016 7:30am
Quoting Don96
{quote} I took long 15 pip SL
I am short.
  • #1,068,034
  • May 24, 2016 7:32am May 24, 2016 7:32am
Quoting PatienceFx
{quote} wait for 1160 touch down
yippeeeeeeeeeeeeee
  • #1,068,035
  • May 24, 2016 7:35am May 24, 2016 7:35am
Quoting TeddyBearish
Today is much more interesting than I supposed. Will we go back to 1.12 and above today or is this elevation point definitely captured by bears?
yeee, short TP hit! Bears captured some today. How is your patient bear doing?
Member
  • #1,068,036
  • May 24, 2016 7:36am May 24, 2016 7:36am
Quoting Raa
{quote} I am short.
height short or trade ?
  • #1,068,037
  • May 24, 2016 7:36am May 24, 2016 7:36am
.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5(7).png Size: 27 KB
  • #1,068,038
  • May 24, 2016 7:37am May 24, 2016 7:37am
Quoting TeddyBearish
{quote} It looks like a monetary intervention. Somebody has bought a huge amount of USD very fast. It means the intention was probably to influence exchange rates, not to build his long USD position patiently.
nice move down. FED news still hanging. Now opeming few longs from 1.116x or more likely 1.1150 if more spikes
This move in GBP must be nice for selling, very soon....
Beware of robber banks (RB), bad advisors.
  • #1,068,039
  • May 24, 2016 7:39am May 24, 2016 7:39am
decent touchdown ; ADR for today is done so eu can do whatever it wants to do now ; cya folks till tomorrow

Attached Image
  • #1,068,040
  • May 24, 2016 7:52am May 24, 2016 7:52am
Longer Term Trade Plan:

if daily 100 sma at 1160 holds as support and eu breaks the h4 falling trendline then we can see a decent bounce from here.

BUT

if eu breaks the daily 100 sma ; it will spell disaster for eu and bring a deeper correction

Attached Image
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