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johncen replied Aug 7, 2025yea i m not getting a very good signal at this stage but if weekly close is near 1585 or below it is positive for bear next week. of course we do have cpi next week which will move the market
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johncen replied Aug 7, 2025Checking usdx, assume we have seen the top, it could be double bot forming? we have to close above 98.40 and 98.60 as confirmation - that would be eu under 1.1585 i think
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johncen replied Aug 7, 2025daily pivot supporting now! If we climb up above 168x it is likely to go higher! i was wondering if we will get to 164x for a potential buy!
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johncen replied Aug 7, 2025yea it seems market want at least another push above 1700 not sure if bear will kick in after
Cable Update (GBPUSD)
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johncen replied Aug 7, 2025I thought market would already know that this is coming. We all know what hes going to do
The Swamp
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johncen replied Aug 7, 2025bear effort got wiped! Keen to see if the day closed as a doji and whether it is a red one! but for now 1620 1590 supporting for some further advance possible
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johncen replied Aug 7, 2025yea Trump’s nomination to fill Fed spot has supported the Euro~ as long as we are above 1620 1590, bull can still attack 1700 or higher. let see how the day and week closed
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johncen replied Aug 7, 2025its only going to damage fed independence so yea not a good news~ bear effort been wiped
The Swamp
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johncen replied Aug 7, 2025yea funny reaction by the market somehow makes me wonder not saying i m not happy with the drop let see if we see 1590 or bounce here?
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johncen replied Aug 7, 2025unemployment claims later may give direction, if it is bad then market will be expecting a 0.50% cut
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johncen replied Aug 7, 2025red arrow looks promising and it may offer good buy opportunity
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johncen replied Aug 7, 2025i agree mate last week bull fought back with a massive bull run leaving a big wick which aids the rise this week. unless bear can do the same and closing the week near 1586. For now not looking possible
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johncen replied Aug 7, 2025For now bull remain in control. So any dip might ended up just a buying opportunity
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johncen replied Aug 7, 2025yea should boost the euro but could also seen as a victory to Trump, EU left out from the talk
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johncen replied Aug 7, 2025Inch away from 1700 Putin to meet with Trump, if there is a cease fire deal, is it a boost to euro or the dollar?
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