Jump to content

EURUSD


HMB

Recommended Posts

"It seems that the ECB wants to talk the EUR exchange rates down. This exchange rate control is politically dangerous and economically damaging - and a heavy burden for the euro." (U. Leuchtman, Commerzbank FX Research, on LinkedIn)

(Leuchtman's  interpretation of Lane's statement "The EUR-USD rate does matter [and] is endogenous to monetary policy") 

EURUSD had  a good run for six weeks or so, probably given shrinking interest rate differential, maybe also reduced EUR re-denomination risk since common Eurozone debt issuance deal, and likely also due to relatively larger Fed asset purchase and lending programs

 

currently (only) considering small short EURUSD  

 

Link to comment

I disagree with people who base their decisions on 'fundamentals' and 'news'.

Look at the chart.  Is it in a downtrend?   Sell the rally.  Is it in an uptrend?  Buy the dip.

Don't listen to any of these c&nts who get paid by the word.  And remember, by the time 'news' filters its way down to you, all the 'smart money' has already 'been there and done that'.

  • Like 2
Link to comment

I see you're point, I think you're probably right.  I do however still believe that news is not necessarily immediately priced in - I'll not be the first to get it, yes.

something must cause trends to end, in particular given the trend usually gets supported by dip-buying or rally-selling. 

Now of course there is likely a very low probability that I'll be able to spot that, and maybe it's wiser to never try - will think about that once more.... (so for now the emphasis above stays on the "(only) considering")... 

Link to comment
  • 2 weeks later...
  • 7 months later...
  • 1 month later...
  • 1 month later...

Close to entering the range of the prior major swing low point

Will the market find support at this double bottom?

Indicators on the higher time frame WEEKLY chart and the daily chart are BOTH <25% and technically "oversold"

All I know is the market is in a zone for a possible long reversal, watching for a set-up - It might happen, it might not, no-one knows for certain here, we could be going lower, we could be reversing to form a triple top, then it could reverse to form a triple bottom range zone etc - Trade what you see not think though, never guess (that does not mean you'll always be 100% correct though! - as sometimes we are simply right but early)

No-One needs telling that a double bottom reversal here with a target of the prior swing high represents a huge R profit if it comes off

Often these swing highs and lows are magnets for future swings

566.thumb.JPG.f902aeef0bcbf3484581c3816c5655d5.JPG

  • Sad 2
Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • Centralized exchanges are often more popular than decentralized exchanges due to their user-friendly interfaces, ease of use, and protection against scams that can occur when interacting with various dApps on decentralized platforms. Navigating decentralized exchanges (DEXs) can be complex, which adds to the appeal of centralized alternatives. While DEXs offer several ways to earn passive income, such as staking, centralized exchanges have also introduced various opportunities for users to earn in a simpler and more straightforward manner. Some notable products that have proven efficient and beneficial for users include Launchpool, PoolX, Shark Fin, Range Sniper, Dual Investment, and others. Personally, I favor PoolX and Launchpool because they provide rewards on an hourly basis and the entry barrier is quite low for everyone to take advantage of. Shark Fin, Smart Trend, Range Sniper, and Dual Investment cater to investors with different investment goals and risk management preferences. One reason I particularly like Shark Fin is that it guarantees investors' capital while offering significant returns. All these products are available on the Bitget exchange, providing users with opportunities to earn passive income, especially in uncertain market conditions. I am interested in learning about other products you guys use to earn more crypto on centralized exchanges. Let's discuss
    • Hello IG Team @KoketsoIG Could you please provide a definitive update on the status of the TradingView integration? Many of us have been eagerly awaiting this feature for nearly two years, and it’s becoming increasingly frustrating to not have a clear timeline or concrete information. Many users have already expressed their concerns and the inconvenience of having to switch between brokers due to the lack of this integration. This delay has even caused some of us to move parts of our trading activities to other platforms that offer seamless TradingView integration. We understand that technical challenges can arise, but considering the significant time that has passed and the fact that smaller brokers have managed to implement this feature, it's perplexing why a company of IG’s stature is still unable to provide it. If there are specific technical hurdles or a projected timeline, we would appreciate transparency on these matters. The ability to trade directly from TradingView charts is a crucial feature for many of us, as it significantly enhances our trading efficiency and overall user experience. If this integration is not feasible in the near future, could you kindly inform us so we can make informed decisions about our trading strategies and platforms?  
    • A leading cryptocurrency exchange known for its innovative trading solutions, has reached a remarkable 1.4 million followers on Twitter, surpassing many traditional fintech companies. Currently ranked among the top crypto exchanges by social media following, Bitget saw an estimated 200,000 new followers in the past month alone, according to social media analytics data, placing it ahead of several major upcoming exchange and even some popular crypto influencers in terms of Twitter engagement. This remarkable growth in Bitget's social media following can be attributed to its consistent ecosystem expansion. The exchange has been continuously introducing new features, supporting emerging projects, and enhancing user experience, which naturally attracts crypto enthusiasts to follow their updates. The exchange commitment to innovation, security, and community engagement has been key in building trust and interest among users, leading to this impressive growth across various social network services.
×
×
  • Create New...
us