Eur/usd

fxstrategist

Active member
Apr 10, 2014
564
15
28
#16
The EURUSD has gone back down to the 1.2300 level where we can also find its 200 month EMA. The area has been a consolidation zone and the pair is still boxed between the 1.2200 level and the 1.2550 level.
 
Dec 25, 2017
43
1
8
#17
The EURUSD has gone back down to the 1.2300 level where we can also find its 200 month EMA. The area has been a consolidation zone and the pair is still boxed between the 1.2200 level and the 1.2550 level.
Please tell the world how you use this 200 EMA in your favor? What information does it bring you? Is it possible there are 1000's of traders using this 200 EMA and bigger traders know you are using it because you probably read it in a book that it's an effect gauge of s/r level and trend? If so...You've been luled into using things they want you to use so they know what your thinking.
 
Oct 14, 2015
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#20
I will respect H1 pinbar on high volume, these are rarely fake. MM will try to kickoff those who jumped to short as a correction.

SL: 1.22505
TP1 : today high , to cover the trade
TP2 : 1.2400 to cover my running shorts. I hope we will not hit this.
 

fxstrategist

Active member
Apr 10, 2014
564
15
28
#21
The EURUSD is trying to go back to its bullish trend, but it could have dificulties breaking above the 1.2400 level. On the other hand, the pair may just consolidate around the 1.2300 level.
 
Oct 14, 2015
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#22
Message from my broker:

The White House confirmed yesterday that the CNBC Senior Contributor Larry Kudlow would become the successor of Gary Cohn as US President Trump’s top economic advisor. Like Cohn Kudlow is not a conventional economist (Kudlow never completed his master’s degree in economics). However, if one looks at his contributions and comments it soon becomes clear why Trump chose him. Kudlow is a representative of the so-called supply-side economics, also known as trickle-down theory, according to which tax cuts are seen as particularly beneficial for economic growth. He is actually closely linked to the economist Arthur Laffer, a sort of godfather of supply-side economics. It thus does not come as a surprise that Kudlow had reacted quite euphorically to Trump’s tax reform.

However, what is most relevant to us are his views on the dollar. And they are very interest-ing, in particular as he has a very strong view on the matter. He argued in one commentary he wrote together with Laffer and others a few weeks ago that an important piece of the puzzle was missing in Trump’s economic policies: a strong dollar. Kudlow draws parallels with the Reagan dollar, as the currency had appreciated significantly under the former President – at least initially. He argues that a weak currency does not create jobs, but only led to higher inflation, which in turn would reduce wealth. He goes even further by saying that the high US trade deficit should not be tackled with a weak dollar as it was the result of expansionary fiscal policy and deregulation on the part of the US administration, and is therefore something positive. In the end it meant nothing else but capital flowing into the US – exactly what Trump had been trying to achieve with his “America is open for business“ comments. It remains unclear so far to what extent Trump will listen to him in this matter, as the US President had previously been in favour of a weaker dollar, even though his policy measures actually point towards a stronger dollar, as Kudlow correctly explains. Perhaps Kudlow’s demand for a so-called “King dollar” might yet convince the President.
https://youtu.be/yScWq5hg3z0
 
Oct 14, 2015
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#23
As follows from the latest CFTC data, in this week the main changes in speculative positioning occurred in euros and yen, while the situation in other currencies remained more or less the same. The euro remains the only clearly bought currency, the yen is the only one clearly sold, and positioning in the loonie, cable, aussie, kiwi and franc is close to neutral. The volume of the net short position on the dollar increased by $ 3 billion, and it was sold mainly against the euro and the yen.

Net long euros increased by $2.1 billion to $22.7 billion, closely approaching the historical high of $23.1 billion recorded in late January. This happened against the background of the closing of short and the opening of fresh long positions.

Positioning in the cable has almost not changed and remains close to neutral.

Bears in the yen close the shorts at an increasingly fast pace, but the bulls open longs while not in a hurry. The volume of the net short position in the Japanese currency fell by $0.9 billion to $9.3 billion (the minimum level since early October, which will be lower than the multi-year high of $15.0 billion achieved in mid-November).

The volume of net long loonie almost did not change, however, traditionally there was an opening of interests, as speculators opened new long and short positions. This reporting period ended on March 13, so this data does not take into account the changes in speculative positioning, which probably occurred during the dollar / luny growth above C$1.30.

Pure positioning on the Aussie again became bearish. Since the beginning of February, there has been a steady trend towards active interest.
 

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Oct 14, 2015
33
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#24
The market has continued to digest yesterday's rumors about probably more rapid than commonly thought normalization of monetary policy in the Eurozone. Therefore, in the near term future, the single currency may continue to grow.

Yesterday, most Euro-crosses were in good demand, which is not surprising, given the fairly hawkish signal to the market from the ECB. If soon we get the confirmation that now the regulator will be engaged in managing market rates expectations, Euro/dollar may continue to strengthen in the direction of the key resistance at $1.2555 (a maximum of 16 February)
 

fxstrategist

Active member
Apr 10, 2014
564
15
28
#25
The EURUSD tries to break once again below its 55 day EMA and it may reach the 1.2200 level, which could act as support, keeping the pair inside its actual range.
 

Queen

New member
Mar 21, 2018
15
2
3
#26
EURUSD has broken the support 1.2273. Now, it's moving down to the lower boundary of the Ichimoku cloud about 1.2127.


Daily
 

gka

Active member
Dec 16, 2017
549
3
28
#27
VRM predicts EURUSD

Today's VRM S1 sentiment support level for EURUSD was 1.2263 and rallied from there.

See page 31 post # 248 of the thread

"Predicting future FX support and resistance levels using mathematics"

and the attached charts
 

fxstrategist

Active member
Apr 10, 2014
564
15
28
#28
The EURUSD has fallen again to the 1.2300 level where we can find the 55 day EMA and the 200 month EMA. The level could act as a good support.
 

Brumby

Well-known member
May 25, 2012
600
136
53
#29