London, July 5.
Cable has fallen to test the early Europe two-day low of 1.8405 on the back of
an ADP employment report predicting a 368k rise in June US NFP (DJ). 160k is the
consensus forecast re: Friday"s NFP release.
A break below 1.8400/05 targets 1.8380/85. 1.8385 was Monday"s low. Lower
support points include 1.8365, and 1.8350. Resistance levels include 1.8475,
1.8485, and 1.8500. Highs just shy of 1.8475 were notched in early NY trade.
1.8485 was today"s Asian session peak. 1.8500 was last Friday"s top.
Gain consolidation from last Thursday"s pre-FOMC two-month low of 1.8090
represents the big-picture story. Lending independent support to sterling is a
Daily Telegraph business section article headlined "The pound finally regains
its strength". This reports that the pound has leapfrogged the yen to become the
third biggest reserve currency in the world. It also cites IMF figures showing
that the amount of sterling held by foreign banks in their reserves has doubled
in the past two years to GBP 111.5bn.
hello again. I am just wondering. I had an order with a take profit limit at 1.1050 on USD/CAD. It had a low to 1.1045 and my limit was not hit. instead it went the opposite way and hit my stoploss. Can someone explain me this?
Thank you in advance!
You are not using MT4. MT4 has not a CCI like yours, histo CCI.
Oh I'm sorry. This screenshot was not from me. But I use just the standard CCI(48) as a filter and it works fine so far...
Regards - Xaron
Today, you've seen what Forex is like. A private firm says NFP will be much higher than expected and we had a $ rush that has smashed all $ shorts.
Maybe the report will be true and then NFP will not be an issue or rates, as have already priced in those numbers, reverse up if they do not do it before Friday. Or not, $ keeps going up to 1,2452 (USDCHF). Up there, if it is the case, we'll see what's going on.
Well, what a day!!!
I hope you've taken some level 4 trades @ 14:00cet bar.
It will be very interesting to see what's going on tomorrow and on Friday when they release the official NFP. And if Trichet hikes tomorrow?
Do not think EURUSD is dead. It is still alive. We'll see or we should see how all this mess pans out soon.
You should call your broker.
Possibly the spread!!
But as Nina said, call your broker and discuss with them, as long as you have documented evidence of the orders that you had in the system with order numbers etc.
The point is that my broker in neuimex. Can someone check his/her platform and confirm the prices and the hour?
The candle is for yesterday at 13.04(13.00 bar)at 1.1067 and the low was made at 13.30 at 1.1045. Please help. Its very important to me.
my broker is neuimex too