Fundamentally USD should be weak. It will stay weak until vaccine is out, or stronger leadership in US. Right now the virus is wrecking the economy. Until it goes away or gets under control, economy in US will remain weak. Alos the fed is printing ...

The Swamp

quite the contrary. oil consumption is not increasing. oil price going up is due to production decrease. also in forex, there's 2 parts. the usd is also weakening. and usd weakening is a real fundamental thing right now. If you're long dollar, you ...

The Swamp

cad is an oil proxy. unless you're good with oil fundamentals, you won't understand cad fundamentals very well.

The Swamp

1842 again. This seems to be the battleground. Bulls need it higher. Bears need it lower. Trend favours bulls.

The Swamp

1872 is atr range high.

The Swamp

vaccine not recognized by WHO. Russia didn't do a phase 3 trial. Putin's daughter alone hardly counts. Anyway, whether or not it is true, phase 3 trials all over the world will done around oct/nov. So it's not too far off. Just that we don't know if ...

The Swamp

crazy is right. It's back to 1783. It's got a long ass wick.

The Swamp

closing this hour above 1787 is not good for bears. if it does... back to bullish bias for me.

The Swamp

my signals also turned bearish with that 4h close. Right now my technicals are clashing with fundamentals. And as always I will follow technical when in doubt. So my bias is switching to short now. But you're right. That 1h candle doesn't inspire ...

The Swamp

probably the 3 bil options holding it up. wait till 10 to see

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well if fundamentals can be trusted, then I'd say yes. 1900. If not today, next week.

The Swamp

Looks like I might have to look a little lower if I want to go long. Market is dropping fast and furious. I don't even feel confident about 1830 anymore. But lets see. 1827 is the daily range low.

The Swamp

If it really closes below 1858. I will probably buy around 1830. Watching 1850-1860 level right now. If it holds might take a small long.

The Swamp

I guess 1850ish is the more obvious support. Will probably try there... Otherwise I will try again at 1833. Not sure if I want to buy at 1877. Risk reward a bit unattractive. If It ends up going all the way back to yesterday's high, then I'll decide ...

The Swamp

gator, what support levels do you see? I'm trying to pick a lower entry to long.

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real move will probably start after 11. right now the market is a mess. Probably month end flow related.

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stopped out. Looks like got caught up in the wrong side of month end flow

The Swamp

True, but I take high probability setups. This is one of them. Buying a dip on the uptrend. Plus a nice candle. Set a stop and let the market prove you right or wrong

The Swamp

long EU 1858. because of candle.

The Swamp