ForexViking69's Posts

EURUSD Analysis thread (Ongoing) in General Jul 18 at 11:30

18/07/2022 - EURUSD weekly analysis.We may see sub-dollar euro soon that we haven’t seen since the early 2000s. I’m looking at a retrace to find resistance on Monday then pilling on more shorts. Think we might see a nice sell zone around 1.04.Looking at Thursday when the ECB announce monetary measures. The ECB announcement may be bullish for the moment or priced in which will see us pop up in expectation. Generally feeling the sells are safe though. “The ECB has signalled the start of the rate hike cycle and a 25 bps rate hike is fully priced in the markets. The question, ho...

EURUSD Analysis thread (Ongoing) in General Jun 29 at 09:40

29/06/2022 - EURUSD weekly analysis.The euro has done well to stand up against the dollar with particularly after weak eurozone PMI figures though not sure how long it can hold. Technically the pair is looking quite neutral but lots of incoming fundamentals on their way to put pressure on the pair. Quick bearish rundown:- “Danske Bank forecast the EUR/USD pair at 1.04 in a one-month perspective, at 1.03 in three months and at 1.00 in a year.”- “Rabobank continue to see the risk of a dip back to the year’s low at the 1.0350 region on a one to three-month view. They ...

EURUSD Analysis thread (Ongoing) in General Jun 12 at 23:23

13/06/2022 - EURUSD weekly analysis.We’ve hit against resistance and continue follow downtrend.FED’s turn this week, will be the one to watch on Wednesday. I’ll be watching for further downtrend. Despite a hawkish ECB the there’s been to much competition from the more hawkish FED“Fed bringing benchmark lending rates to 3.78% while the ECB falling short at 1.93%.”“The US Consumer Price Index soared to a 40-year high of 8.6% in May, ahead of the Fed’s decision.”“Neither inflation will recede nor growth will pick up anytime soon. Central...

EURUSD Analysis thread (Ongoing) in General Jun 05 at 22:21

06/06/2022 - EURUSD weekly analysis.“Overheating inflation and slowing economic growth are still the main market drivers.” For me I’m still feeling bearish, not much has changed in my outlook of the pair long term.So I’m going to discuss some macro sentiments I have:- High inflation: EUR at 7% and USD at 8%. Last time we saw rates like this was before the last financial crisis and we’re currently surpassed that. We’re looking at numbers we haven’t seen since the 80’s.- Energy crisis: Europe to faze out RUS oil by end of year and other forms of en...

EURUSD Analysis thread (Ongoing) in General May 20 at 08:42

EURUSD 19/05/2022 - weekly analysis.Can see us hitting consolidation or a drop unless we hit a curve ball. Volatility and volume are up.Currently at the 1.05 and looks like we’ve settled bellow lower trend line but sideways movement through the trend wouldn’t make me bullish. For me a break and settle above 1.06 would make me bullish bit more likely to go sideways to hit 1.06 or a drop through 1.04.Fundamental points going forward:- “Comments from European Central Bank (ECB) officials failed to help the euro on Wednesday as the sharp decline witnessed in global equity indexes...

EURUSD Analysis thread (Ongoing) in General Apr 11 at 00:05

11/04/2022 - EURUSD weekly analysis.The pair appears oversold but may be further to go to hit main support. ECB was positive on EUR this week but any gains from news was short lived. Fedspeak propped the dollar up with “St Louis Fed President James Bullard argued on Thursday that they would need to lift the policy rate toward 3.5% this year to tame inflation.”“Atlanta Fed President Raphael Bostic and Chicago Fed President Charles Evans both reiterated that it would be appropriate to move the policy to a neutral level by the end of the year.”1.08-1.075 looks like a ...

EURUSD Analysis thread (Ongoing) in General Mar 28 at 00:30

EURUSD - 28/03/2022 - With turmoil at Europe’s doorstep the EURUSD continues downwards towards a stronger dollar.The slow economic recovery in Europe is stopping the ECB from tightening monetary policy. This on top of risk adverse markets has me on the sells. “hawkish Fed rhetoric, and the knock-on move higher in US Treasury bond yields, continue to apply downward pressure on EURUSD” - an apt assessment and along with USD safe haven status leads me to believe the dollar may pump across the board. Euro Zone inflation data this week will continue to keep the pressure on - &ldqu...

EURUSD Analysis thread (Ongoing) in General Mar 07 at 01:14

07/03/2022 - EURUSD weekly analysis.I probably don’t have to say it but we are currently in a black swan event. Sanctions have been implemented against Russia for the unprovoked invasion of Ukraine and more are on the way. The EURUSD has fallen due to uncertainty over the war and we are more than likely to see more downside as we continue. The ECB and other central banks were having to deal with inflation already and looks like it will be a lot harder from now on. EUR will take the brunt of the panic but most likely we’ll start to see the US affected by the squeeze on commodities. ...

EURUSD Analysis thread (Ongoing) in General Feb 07 at 01:43

07/02/2022 - EURUSD weekly analysis.Bit of an upset to the downtrend with previous 1.145 level being tested again, but will it push above. It seems like a hawkish ECB has finally given the EUR a bit of a pump and this week we may see if a higher low can begin an uptrend or if this is mainly a slight upset on our way to a 1.12 EURUSD. The FED remains more aggressive in its stance with the way better than expected NFP results coming in to quash EUR gains. Looking to this week, unless we see more from ECB we might se the dollar comeback with Thursday CPI to really watch out for on a quiet calenda...

EURUSD Analysis thread (Ongoing) in General Jan 24 at 00:04

24/01/2022 - EURUSD weekly analysis.All eyes on next week’s Federal Reserve meeting as EURUSD continues to meander upwards with no real big moves. EURUSD failed to break out to the upside and now at the lower end of the slight uptrend. The same story continues with ECB slow on monitory policy and FOMC gearing up for Wednesday. Main thing I’ll be looking out for is the FOMC on Wednesday, I’ll be looking out for a hawkish fed to support the dollar and hopefully see us continue down on EURUSD. A hawkish FED might be priced in so if any tighter policies are enacted we may see a b...

EURUSD Analysis thread (Ongoing) in General Jan 10 at 00:20

10/01/2022 - EURUSD weekly analysis.Well here we are crabbing it slightly to the upside. Technically we look like we may be gearing up for a break down from a wedge pattern with 1.135-1.136 being strong res. I can’t see us breaking this week but sells from the said res may be profitable and setup for a break out to the lower side. On the fundamental front:- FED looking to tighten tapering due to inflation.- ECB being conservative on monetary policy even though rising inflation.- Covid continues to slow down economic recovery. If we were to think bullish we would have to see the 1.136 res...

CedarFX in Brokers Dec 13 2021 at 00:14

Moved to CedarFX as the only brokers I could use restrict me to 1:30 leverage (I’m based in the UK). They offer 1:500 leverage on fiat pairs and 1:100 for crypto pairs. Being able to deposit and withdraw in BTC is great (usually same day) as other brokers offer 5 day bank transfers. They have tight spreads and 0% commissions on trades which is great for day trading. All in all a good broker that I’ve used for 2 years and no problems so far.

EURUSD Analysis thread (Ongoing) in General Dec 13 2021 at 00:01

EURUSD - 13/12/2021 - Missed my target of 1.12 on the sells but still looking like solid downward momentum after hitting the new upper trend line at 1.135. Anyone who saw the retest should have had a nice little scalp.Still the same story as last week really:- covid surge in Europe bringing lockdowns for Christmas.- FED and BOE looking at policy tightening as ECB wants to ride out inflation. - Russian troops at Ukrainian border.- Nord Stream looking to be scrapped thus raising questions about Europe’s energy security. Moving forward I’ll be watching the central banks monitory polic...

EURUSD Analysis thread (Ongoing) in General Dec 06 2021 at 08:20

GM. Happy trading today :)

LonghornFX in Brokers Oct 19 2021 at 10:42

Have been with this broker for about a year now and pretty stable so far. Moved to them as offered fast BTC withdrawals (same day) and leverage was much higher than I could get from a native broker. Spreads could be tighter but could say that with most brokers. All in all no problems and hope they keep it up.

How much should you invest in trading in General Oct 19 2021 at 10:08

More capital the better for real returns especially when trying to make 1-3% gains a week. But understandably hard to get enough capital for most people. Bit of a catch 22, those with more capital will find it easier to make profit off of it.

How to recognize a Forex Scammer ? in General Oct 19 2021 at 10:03

I just presume everyone on the internet is trying to scam me. I especially wouldn't chat to anyone on Instagram about trading :P

When to stop. in General Oct 19 2021 at 10:01

It took me a while to stop chasing the losses. Now I have a set and forget mentality when executing trades. As long as I plan ahead set AL and TP I have no reason to be constantly eyeballing trades and worrying about making back the losses.

How do YOU trade the NFP? in General Feb 10 2020 at 05:41

Just curious to people’s strategies when trading the NFP. How do you go about it? :)

Beginners Targets 2020. in New Traders Jan 07 2020 at 12:03

I'm just upping capital. Got 3-5% a month going into compounding. EURUSD has been a blessing to trade long term and just trading this big reversal of a downtrend that happened in 2018. For newbies I would say just keep trying to be consistently profitable :)

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All Quotes
AUDUSD	0.69314	USDCHF	0.95068
EURJPY	137.425	EURCHF	0.9685
EURGBP	0.84552	GBPJPY	162.527
EURUSD	1.01867	GBPUSD	1.20479
USDJPY	134.905	USDCAD	1.29198

EURUSD	1.01867	GBPUSD	1.20479
USDJPY	134.905	USDCAD	1.29198

Posts by ForexViking69