EURUSD
Resistances : 1.08050 1.08250
Supports : 1.07750 1.07200
I’ve been writing these numbers ( or very similar) almost 8 days. One can get lost in intraday swings and small moves, but when you move to a bit bigger time frame, things become clearer.
Two decades ago, I would declare fully confident that this is a Tail for Sale – but one also becomes if not smarter, but a bit wiser and way more experienced, so I am going to avoid calling big shots and stay with the reasonable.
Pattern wise, it is The Tail for Sale, so we should see a bit sharper move up, followed by even sharper decline. If happens , the main test will be the support at 1.07200…The pattern suggests that it will be broken and we’ll slide to 1.06000 area.
For a move up, serious change of the prevailing trend , we should see a sharp drop, and then we can talk about the big Bounce and change to the Up trend.
But more funny stuff have occurred on the market, and especially on this pair.
So we are going to follow it on Intraday level and when any real change happens, you’ll be the first to know.
Scorecard: GBP strongest, CHF weakest (NZD 2nd weakest) today
GBPUSD 4-hour chart
1.2655 needs to hold to keep the strong bid although GBP demand seems to be coming out of its crosses
GBPUSD daily chart
This indicates that it is still just a correction
GBPCHF 4-hour chart
Strong uptrend accelerating
Note red lines dominating (risk pointed up)
Swiss Frank
Nice call and trade on CHF weakness
This came out earlier
Swiss January CPI +1.3% vs +1.7% y/y expected
See our Economic Calendar
this krugamn character has, most of the time, entertained me
today he is both ROFLAPMP and hopefully for a change seriously informing me.
see:
–
“I wish that Democrats had been able to settle on a consensus successor a year or two ago and that Biden had been able to step aside in that successor’s favor without setting off an intraparty free-for-all. But speculating about whether that could have happened is beside the point now. It didn’t happen, and Biden is going to be the Democratic nominee.”
OPINION – PAUL KRUGMAN –
NYT 12, 2024
Why I Am Now Deeply Worried for America Feb.
kids … it is over for joe, just a matter of a dignified exit now (or not):
the pig s getting knifed by the piglet:
–
Wall Street Journal – Kamala Harris Says She Is Ready to Serve as Biden Faces Age Scrutiny
In a recent interview, the vice president cited her “capacity to lead” after stops on her abortion-rights tour.
1,753 comments
BTC Monthly Chart
I am NOT a fan of Crypto but hard to ignore the trend
Red lines dominate indicating risk was pointed up before the acceleration higher.
The break of 48,136 and brief of 50,000+ leaves a void until the major 68,915 high
I call this uncharted waters where 48,136 and 50,000 will dictate what comes next.
USDJPY Day ahead
Yen has to stay above 149.200 overnight, to be able to continue straight up. However, if loses it, support at 149.050 might give up this time and allow for a greater correction to 148.500 area.
Major support is at 147.850
If support at 149.200 holds it’s ground, it will lead the pair straight to 150.200
EURUSD Day ahead
Resistances at : 1.07800, 1.08050 and 1.08300
Supports at : 1.07550, 1.07400 and 1.07200
The difference between Tuesday and today is in possibility to see overnight slide towards supports.
Yet again we can witness euro buying , but generally we should visit 1.07200 – most important line right now – if bellow opens a road for 1.06000 area.
I prefer continued selling as long as downtrend line holds it’s ground.
As for the Forum form and functions:
– What we have here is the newest machine for forums
– Old site’s forum was becoming obsolete – I am talking about PHP, Mysql and shit-not the Form or capabilities
– We are still learning how to control this monster , and what can be done with it
– What you are seeing here and posting at is just a single Topic .
– In the background is a whole wide and endless universe
I have been on the Forum from 1997 – no need to explain to me how the old forum worked and what it was all about. I am thrilled that Jay has included me in the project as we are lokkkmv to make Global-View once again the go to site for serious traders.
This is Here and Now. We are trying to come up with what we are all used to, but to enrich it and make it even more interesting.
We need Subject button and not only to be able to write under it, but to click and go to that exact Subject.
We need an option to open a new Subject.
I had to swallow like 3 Pepticaids at a time , just to control my ulcer , until we got possibility to post photos.
I spent few days looking for the Like button, just to hear now that you don’t like it ( No , you can’t just add what you want…it MUST be compatible with everything else).
Now, we have all those functions , and if you don’t trust me, e-mail me and I’ll get you in and show you.
So why don’t we do it ??? Well, once again, it is not that easy to come up with the solution that will suit us…it was made by people that have no clue about markets and our needs…they are all about million and one discussion board, so called forums and other similar stuff around the net.
We’ll tame this animal and then we’ll be able to relax.
I have not traded for over 3 months – and I trade for a living…so gimme a break guys…
P.S. All possible ideas, a wishing lists and similar – please send by e-mail….do not start futile discussions about it on the forum….If needed , we’ll organize a referendum on subjects like “Like” button…
Mtl, I am not the one deciding on the matter – it is not me that will say what’s hot and what’s not. Some people likes the Dislike button, some are afraid of it….to me it’s the same….I am not afraid of being voted Down…I couldn’t care less…
There is one more issue, as far as I understood – I am the Keymaster – for the site and not for the Forum !!!! I have tried to remove that so called “title” from my postings, but alas…won’t go away….guess I have to keep it…for now…
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