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- HonkyCat replied Sep 22, 2020
We've just pulled back from the TOP of a descending channel on the weekly & monthly charts. Be careful!
- HonkyCat replied Sep 15, 2020
The long term picture shows that the current price is up against the top line of a couple of long time-frame channels. In the weekly chart below, the yellow line started at the high in July 2008 (currently at about 1.1864), and the purple one in ...
- HonkyCat replied Sep 1, 2020
I wonder if they do this every day and/or on other currency pairs? It could just have something to do with the way they process the daily settlement, since that's about the time at which it happens. That said, it seems a little weird, and it's not ...
- HonkyCat replied Feb 28, 2020
Price action moved to touch the top of the long-term trend channel at 1.1050 and reversed. That will provide hard resistance, as the trend started the week of 12-Feb-2018. Currently the bottom of that channel rests near 1.0760. It's unlikely that ...
- HonkyCat replied Feb 21, 2020
Not lost, just don't trade solely on technicals or waves, and don't have time to monitor quick scalps most of the time. So I trade trends mostly. I don't "believe" in a given momentary direction for any currency pair…if it requires faith it's not a ...
- HonkyCat replied Feb 21, 2020
LOL, I'm opposite, entered sells at 1.0855 level. For a long while now the US hasn't been a manufacturing powerhouse, so the related PMI isn't as an important part of the economy as it was even 20 years ago. The US is primarily a service economy, ...
- HonkyCat replied Feb 20, 2020
The move down today touched the bottom of the long-term trend channel (started Jan-2018) and retraced slightly upward. EURUSD weekly trend channel marked from 18-Jan-2018 to current (purple lines): image I expect the PMI reports later to either ...
- HonkyCat replied Jan 7, 2020
The price just dipped back into the long-term trend channel on the weekly chart from Feb 2018. The upper line of the channel sits at about 1.1150~1.1154 for today, depending on whether you start from Feb'18 high or Sep'18 high.
- HonkyCat replied Jan 6, 2020
As we are back today for the first "full" week of trading, and also seeing that we are above the long-term downtrend started the week of 12-Feb-2018 (view weekly chart), I expect a retracement down to 1.1160 this week. I have no reason to expect a ...
- HonkyCat replied Dec 12, 2019
I don't understand how a stronger likelihood of a clean Brexit is bullish for the Euro. As an aside, and a little OT for this thread, it was fun making 300 pips on a speculative single micro-lot of GBP/JPY as the news broke, and watching the price ...
- HonkyCat replied Nov 5, 2019
1.1063 is 38% retracement of the recent move up on the weekly chart, providing some support. Next level down would be 50% @ 1.1049, with 62% @ 1.1021. Currently also resisting downward pressure is 50D moving average at 1.1057.
- HonkyCat replied Nov 5, 2019
The second chart was just the hourly showing the most recent up cycle; first chart was weekly showing the trend.
- HonkyCat replied Nov 4, 2019
Weekly trend shows 1.0870 - 1.1150 trading range, declining, with 50W MA @ 1.1165 and both 10W & 20W MA at 1.1082. Hourly chart shows most recent uptrend bottom @ 1.1129, can also be seen on the weekly chart as the steep blue uptrend line. I'd ...
- Posts by Member Search: 'HonkyCat'