EURUSD
The pair behaved on the dot in last 24h.
Now what we have next…for the move to continue Down, it has to stay bellow 1.07100 !
1.07200 is of course the Major resistance , but for the slide to continue in coming hours we need that 1.07100 to hold.
As you can see from the chart, the target is in 1.05900 area – Do Not be overly greedy.
We have today some interesting data – Economic Calendar – stay away just prior to it !
Happy hunting.
GBPUSD
At this time yesterday GBP was the strongest currency.
Today it is the weakest.
Catalyst: UK Jan CPI was unchanged vs. forecasts of an increase
GBPUSD 4-hour chart
1.2518 = major target/support (then psychological 1.25)
1.2536 = last line of defense ahead of 1.2518, low of the day, tested
Resistance 1.2571-1.2611
EURUSD Analysis: Break Below Support and Potential Further Decline
The EURUSD pair has broken below the 1.0723 support level and extended its downward movement from 1.1139, reaching as low as 1.0700.
Based on this development, it is likely that further decline could be expected in the coming days, with the next target area around 1.0670, followed by 1.0600.
The initial resistance level is located at 1.0750. A breakthrough above this level could lead to a retest of the 1.0805 resistance level. If this resistance is surpassed, it may trigger additional upside movement towards the falling trend line on the 4-hour chart.
In summary, the EURUSD pair has broken below key support levels, indicating a potential continuation of the downward trend. The next targets for decline have been identified, while resistance levels have also been highlighted for potential retracements.
USDX (US Dollar Index
If you don’t trade it, why do traders track the USDX?
With the EURO representing 57.6% of the index, it can be used as a quasi EURUSD as the correlation between EzURUSD and USDX is very high.
USDX Daily Chart
New high for the year.
Trend = strong up (note rising red lines)
Targets at blue lines as long as the most recent ted Lind holds ax support
(contact me to learn more)
1.0694
USDCHF
Day ahead – might be the Play of the day
Pair broke above the channel resistance line , and based on the pattern recognition, next few bars should go straight Up.
Support is at 0.88695
Resistances at : 0.88850 , 0.8900 and 0.91150
Buying it is only reasonable action, and coupled with a very tight stop just below the support line, gives an opportunity for over the average profit.
As mentioned – coupled with a very tight stop – makes the job easy….chance for a sizeable profit with just a bit of risked money.
well well well
10-yr 4.31 …
reminds me of a acetone … paint stripper
as ‘Ugly’ and ‘disconcerting’ inflation report upsets markets’ thinking on when Fed will cut rates
I guess “ugly” is ugly to some; a beautiful thing to another
trading tactic and savvy
some forum posters have commented this topic on the forum earlier
but I am not sure how to search historical posts (bobby ??)
But how do you know when the bullishness has gone from a “strong trend” to “exuberance”?
–
Do Call Skews Signal Bulls Are Maxed Out? – ref piece on zh.
IMO excellent
bobby more about likes and love
haha banks ask for help … lol
–
Romance scams are run by organized criminal gangs that set up phony social media avatars and use those to connect to potential American victims.
Once a psychological hook is set, the scammer turns the conversations to money.
“We need the social media companies to shut down these people that are putting these out there. We need law enforcement engaged to try and prosecute some of these folks,” Paul Benda of the American Bankers Association told CNBC.
a As online romance scams rise, banks ask for help to save victims billions cnbc
bobby / y. at arms lenght just a few moments ago:
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