Eurusd/gbpusd - page 1525
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Someone is testing the 1.38 level. Either it is a normal psychological level, or algos are waiting for stop losses to be clustered and then to be pushed them when they hit some of those clusters
Someone is testing the 1.38 level. Either it is a normal psychological level, or algos are waiting for stop losses to be clustered and then to be pushed them when they hit some of those clusters
No liquidity enough for a significant change
NY session might change it, but I don't think so - to many market makers already moved to separate FX trading and are not part of this FX net that we are trying to trade on
Considering that it is still holiday, 25 pip range is even good
But it makes more and more difficult to trade EURUSD - no way to recover in some situations
In these last 10 days we had a short term trend change (ECB talking Euro down combined with Yellen's explanation that interest rates are not going not be raised for a long time) made this short term change.
What is more worrisome is that market makers are leaving the usual FX market and are going to be isolated in their own net used only for their needs. Without market makers liquidity the volatility is going to be unbearable for small traders and are likely to be victims of HFT traders. Long term trading in a market with low liquidity can be very dangerous. The rest of the year will show us what will happen, but the odds that we are going to see the golden days of FX again are slim
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Currently short term bearish trend with support already formed. We might see more bearish attempts, but without decisive ECB action, it will remain just a short time trend
GU is falling down today
Back to normal
During the holidays range was bigger in the Asian session than today - 7 pips - again a new record. It really looks more and more like EURCHF and not like EURUSD
Daily average true range for EURSD since Jun 2013 if 80 pips (and falling all the time - currently it is 52 pips 14 day average). It used to be 100-110 pips. It is a disaster
Daily average true range for EURSD since Jun 2013 if 80 pips (and falling all the time - currently it is 52 pips 14 day average). It used to be 100-110 pips. It is a disaster
It is similar with all
In average almost all ranges are cut in half. Compared to 3-4 years ago they are 3 to 4 times smaller
Daily average true range for EURSD since Jun 2013 if 80 pips (and falling all the time - currently it is 52 pips 14 day average). It used to be 100-110 pips. It is a disaster
Not really, basically that means that shorten your P/L targets and trade on lower TF's. With a HFT ruled market, we may never see an ATR higher than this
eur/usd weekly,,, be careful