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csc2009
Aug 23 2015 at 22:07
834 postów
Eur/Usd keeps its high near 1.1370-1.1375 zone, no gap at all.

csc2009
Aug 23 2015 at 22:13
834 postów
The coming week would be critical test of Euro's strength.

Inari (Inari)
Aug 24 2015 at 06:40
42 postów
It has been an interesting week in the FX world and in the larger investment world as a whole. Something is not quite right though and we should consider a number of factors before betting the house in the incoming week.

Firstly we have seen a huge sell off in global equities. Fear has returned to the stock markets mainly due to the news coming out of China.

The Yuan devaluations have had big ramifications not just to the economies of China's neighbours but right around the world and especially in the emerging markets.

Secondly the continued and worsening fall in commodity prices especially crude oil still shows no sign of reversing as demand is forecast to fall and over supply remains an issue...

Finally, Gold has started to rise and sharply reverse recent losses...

Here's my point normally when we see equity falls and oil pricing crashes coupled with down grading of GDP forecasts around the globe - FX investors move en mass to the USD. While this did not happen this week due to a slightly dovish Fed - the underlying truth that the US will rise rate first remains firmly in place.

 This week especially if the doom and gloom continues I expect a 'run to quality' (or at least the safe haven) that is the USD and that may well stifle the upside potential of EURO and Cable for that matter.

News out of the middle eastern markets today is no better so it looks like this week will continue the slaughter.

Just my thoughts

Sean


alexforex007
Aug 24 2015 at 06:47
774 postów
The EURUSD breaks above the 1.1400 level, but the higher it goes, the higher the probabilities of seeing a bearish correction.

honeill (honeill)
Aug 24 2015 at 08:14
1141 postów
On Friday session the EURUSD pair rallied for the third straight day and closed well in the green near the high of the day on a wide range. The currency is setting its self to reach today, May’s high at 1.1460.

"I trade to make money not to be right." |
FXWES
Aug 24 2015 at 10:29
675 postów
On Friday session EUR recorded significant growth for third consecutive day and closed at highest level against USD since mid-May. The euro rose by nearly 130 pips to 1.1366. The daily limit values were reached respectively at 1.1375 and 1.1228. The week was successful - EUR / USD is up by 2.3%. Current attitudes are positive but for continuing upward move is needed breakthrough of 1.1380 / 1.1400. Otherwise there is possible correction to 1.1290.

Alex
Look009
Aug 24 2015 at 12:42
224 postów
Just see that happens with oil right now - will be critical for euro/usd

PERPETUUMMOBILE (PERPETUUMMOBILE)
Aug 24 2015 at 13:48
136 postów
EUR/USD update

The signal from last week Thursday (daily chart) broke as expected, as the weekly and monthly charts all had major entries in the same direction.
Major entry signals on the monthly chart do not form very often and therefore are powerful entries.

The signal from Thursday (daily chart, buy-stop @ 1.1213 + 1 pip) is now nearly 500 pips plus and is headed toward the GAP at 1.2000.

When trading long/term charts, the trick is to look at a higher time-frame as the trade is on, for orientation purposes.
Lower/faster time-frames are irritating and one can easily confuse a temporary profit taking swing, with a change in trend.

We trade only day/week/month charts and only use the 12/8/6/4 hour charts for the purpose of moving the SL.

In the meantime, DJIA, DAX, S&P, NASDQ are headed in the long-suspected south direction.
When looking at the long-term charts of these indices, the current move south could be just the beginning of a prolonged sell direction.

With price-bar formations, any chart in any time-frame can be traded, regardless of the market.
They work with forex just as well as they do with metals, indices, stocks or any other market.
A chart is a chart is a chart / that's how bar-formation traders see it.
No news, no eco-data, nobody's opinion, not even our own.
We simply go by the rules that we know.
There is never a guessing --- when there is a formation, it will be traded.
We only trade stop orders and never limit orders.


"a little bit of knowledge is a dangerous thing"
goyankees85
Aug 24 2015 at 13:55
118 postów
Inari posted:
It has been an interesting week in the FX world and in the larger investment world as a whole. Something is not quite right though and we should consider a number of factors before betting the house in the incoming week.

Firstly we have seen a huge sell off in global equities. Fear has returned to the stock markets mainly due to the news coming out of China.

The Yuan devaluations have had big ramifications not just to the economies of China's neighbours but right around the world and especially in the emerging markets.

Secondly the continued and worsening fall in commodity prices especially crude oil still shows no sign of reversing as demand is forecast to fall and over supply remains an issue...

Finally, Gold has started to rise and sharply reverse recent losses...

Here's my point normally when we see equity falls and oil pricing crashes coupled with down grading of GDP forecasts around the globe - FX investors move en mass to the USD. While this did not happen this week due to a slightly dovish Fed - the underlying truth that the US will rise rate first remains firmly in place.

 This week especially if the doom and gloom continues I expect a 'run to quality' (or at least the safe haven) that is the USD and that may well stifle the upside potential of EURO and Cable for that matter.

News out of the middle eastern markets today is no better so it looks like this week will continue the slaughter.

Just my thoughts

Sean


Which is why we should close positions daily. Any new news can cause the market to turn 500-800 pips in a week, causing you to hold a position for months looking to get back to break even.

My avatar explains "social trading" perfectly.
sherifFares
Aug 24 2015 at 15:56
454 postów
Another Green day for the EUR/USD and the U.S stock market is facing selloff.

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