Eurusd/gbpusd - page 1724
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Looks like the usual story : waiting the FOMC at daily open
The usual BS : FOMC minutes are showing that interest rates are going to be hiked sooner and the price does what? That is the "new normal" not rigged forex market.
Come on - even the news agencies wrote this :
Dollar extends gains after FOMC minutes
when they saw the minutes, and now see the price. BS HFT
The usual BS : FOMC minutes are showing that interest rates are going to be hiked sooner and the price does what? That is the "new normal" not rigged forex market.
Come on - even the news agencies wrote this :
Dollar extends gains after FOMC minutes
when they saw the minutes, and now see the price. BS HFTGuys
Only now the minor resistance is tested. The major resistance is not 1.270 but 1.2750 (it was a support for more than a year). Do not be surprised with more up move : large long positions are not going to be just left opened before the resume the bearish EURUSD trend. First the cleanup - then the trend. And of course - get some stop losses
Hi,
Great job searchingfx , thank you so much .
Guys Only now the minor resistance is tested. The major resistance is not 1.270 but 1.2750 (it was a support for more than a year). Do not be surprised with more up move : large long positions are not going to be just left opened before the resume the bearish EURUSD trend. First the cleanup - then the trend. And of course - get some stop losses
Wise words, we might see more uptrend movement tomorrow testing 1.2750.
The GBPUSD tries to continue going higher, but we should wait for tomorrow's rate decision from the Bank of England.
Major resistance at 1.2750 is being tested. Next couple of trading days will give us an answer if the correction will continue (and eventually change the current EURUSD trend) or the steam is going out of it. Very sensitive trading period. Trade with care - it can go both ways at this level
Euro data coming in disastrous and Euro keeps rising
The logic of the market
Euro data coming in disastrous and Euro keeps rising
That is simple market inertia
It needs to settle down before it starts to process data rationally - market is 90% of time in an irrational state. Only ranging periods are when it is "rational"
I thought that it might be interesting to look at the current long to short positions ratios now (after all what happened) :
I thought that it might be interesting to look at the current long to short positions ratios now (after all what happened) :
Well, this time it is logical. Closed profits and now nobody is rushing (hence the 50-50)