Totally agree with you Cat. UC has been highly correlated with oil. Recession comes, oil falls. I shorted the pair yesterday (too early) at 1.3350 - so I'm underwater now - but I'm confident in a re-tracement.

USD/CAD

Well the moment of truth is only 240 minutes away. I am a EU BEAR - just want to establish that. I believe that IF EU can hold 0.985 then we should get a relief rally up to a re-test of pairity - after that it's downward again. I look at the MACD ...

EURUSD only

I agree about the pump and dump - or sell the rumor and buy the fact. What short order have you placed - what pair? Just curious as I am expecting the USD to retrace back to the 109.5 area by EOD

The Swamp

image image

Cable Update (GBPUSD)

Ok 1. I took partial profit 2. Waited for a pullback to add to my shorts and put in a TP for the day at 0.99 3. SL is at BE. 4. Back to bed for 2 hours...

EURUSD only

DXY has broken the 110.00 level prompting the fall in EU. For me if the DXY can close above 110.00 I will be going all in on EU shorts. image

EURUSD only

@Hamzalolo I would never speak against our thread founder however I caution you about perspective. From your earlier post about a possible bear pennant - I think you are spot on. Look at your 4 hour chart again. Frankly based on 4 hour I do NOT see ...

EURUSD only

@Lcky I am in your camp as well - not for technical reasons all fundamentals. WHY? Look at the USA numbers for the past few days and compare them to the EU numbers and it's a tale of two continents. For the USA the numbers indicate that the economy ...

EURUSD only

[quote=GreenJ;14138915] Look up Bankers Close - you're doing it. (Apiary Fund was into this HEAVILY)

EURUSD only

Curious as to where you get your info about Japan selling USD rather than purchasing Yen.

EURUSD only

image that translate to 0.9999

EURUSD only

image shorting here as the low from Tuesday has been broken. Forget the technicals for a minute. So many traders got burned with the CPI number that I believe many will do the opposite today and sell BEFORE the number is released - then buy the ...

EURUSD only

The problem with Wave theory is that it is subjective and changing especially wave 5 as I have found most to be trucated. While I agree that EU is ready for a pullback I'm not believing that we are at the bottom yet. There hasn't been any panic in ...

EURUSD

1.0050 Target achieved. Bedtime

EURUSD only

Breakout time to the top.... image TP at 1.0050 for now. If the 4 hour can close and hold the 1.0050 level I'm onboard to the 1.0080 then 1.0100. DXY is dropping like a rock and it's due for that 38% pullback. image @Dantpm - I hope you prefer ...

EURUSD only

image image I WISH I had placed my TP at 0.9940 but I didn't still holding short.

EURUSD only

Now the main act - Powell speaks and the Forex world listens.... image

EURUSD only

Going down - for now until Powell speaks... image It get's confusing about stops....

EURUSD only

I totally understand where you are coming from. The drop from 1.50 to pairity has been severe but remember this, when the Euro was initially founded it was at pairity with the USD - probably well before your birth. The dollar should NOT be king due ...

EURUSD only

"My Game Plan for today: Sell EUR/USD @ 1.0050 (assuming it hits this) After Powell speaks re-eval position for possible additions (assuming 1.0050 is triggered) or sell on break of 1.000" So far so good - as expected the ECB decision was a nothing ...

EURUSD only