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”?
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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
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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:
Belgrade Bobby February 12, 2024 // re scores
in a theme dear to my heart on this forum (i.e. “money money and posi-pips)
a company decided, for 90 days, to open a dating application whose “entry filter is based on credit score.”
an application that makes sense to me. In a world of applications where everything is focused on physical desire, personality, all these things don’t really matter. There emperical evidence that the best match criterion in the long term is a high credit score. If you have two people who have a high credit score, it proves that they have similar values and that they will get along well.
Ditto for the forum: post money-making trade ideas and people of similar leaning towards greed will flock like flies to a cube of sugar.
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