Get started

Forex-currency

Sorry EUR We are not friends Any MoreUpdate 19/07/2022 1 Structure 1+2 : bearish 2 imbalances : 50% filled 3 Current Move 1+2: impulse 4 Entry TF : D1 4.1 ETF Structure: bearish 4.2 move : Correction 5 Support Resistance: CIP at 1.363 6 FIB: 50 resistance target filled 7 candle Pattern: White shoulders 8 Chart Pattern: Flow And Base 9 Volume : High to low But too much low in correction 10 Momentum: bearish To Sideways 11 Volatility : Possible resistance at middle band 12 strength: Shows Curve but bears are in strength yet 13 Sentiment : 2nd weakest currency against dollar in majors 14 Final conclusion: Because Usd is So strong this Time Now we need to switch Our Time Frame Daily to 4 hour just Waiting for can candle stick reversal Pattern and confirmation if we use h4 time right this level we able to catch early entry and best risk to reward ratio in 4 hour tf Head fake or key reversal possible so just with one candle confirmation we can enter 15 Buy /Sell/Wait : wait till next candle 16 Entry:1.0.222 17 Sl: 1.0286 18 Tp: 0.9763 19 Risk to reward Ratio: 1:10 Excepted Duration : 15
Short
by Optimum369
1
Will the Russian Ruble keep appreciating vs other currencies?The truth is that the most likely answer is yes, the Ruble will keep going higher. Russia is a massive commodities exporter, from oil & gas, to wheat, and therefore there is a constant bid for its currency due to the natural demand for its resources. As Russia is hit by several sanctions, it is very hard for them to buy stuff from outside of Russia, and therefore even less money is flowing out of the country. The government has also imposed capital controls, and it is hard for its citizens to sell their currency for USD, EUR etc. The Central bank also raised rates from 5% in 2021 up to 20% post invasion, and have now dropped rates to 11%. Even though that's still a pretty high number and inflation in Russia is much higher than 11%, however this rate is still much higher than what many countries are offering. A 9% cut in interest rates couldn't even bring the currency down, a major sign of strength. However in my opinion the most important aspect is that Russia has very low debt and could take the hit, while most other countries can't raise rates without breaking everything. They also have significant amounts of Gold, and what remains to be seen is what happens to their FX reserves that have been frozen. If they totally lose these reserves then the currency could suffer, but for now it is possible that they get their reserves back. Forcing 'hostile' countries to pay them in Rubles isn't as important as people think, as they could have accepted payments in Euros for example, and then used that money to buy their own currency. This was mostly a power play and a statement that energy sanctions are futile. Now in terms of TA, the Ruble got insanely oversold after having a huge breakdown (USDRUB breaking out), but when the dust settled, many people who were short were forced to cover as their brokers wouldn't allow them to trade the Ruble. Many accounts were probably blown up due to the whole sanctions, capital controls and so on, that made it very hard for traders to go long or short. As USDRUB started coming down, longs were getting crushed and everyone had to start closing their positions. The market became illiquid and unstable, and mainly damaged those betting against the Ruble. At the moment USDRUB has gotten incredibly oversold, as it broke the S3 Yearly Pivot, as well as the S3 Monthly Pivot, and broke the 2020 Covid low, as well as the 2017-2018 lows. The bounce is mostly driven by technical reasons (taking out stops & being oversold), as well as the 3rd rate cut. However in terms of TA, it looks pretty likely that it is heading for 36$. The whole reversal from 160 all the way down here is still very bearish and an indication that lower prices are coming. The rejection at the diagonal resistance is pretty bearish, and the entire 2013-2015 rally / breakout could be reversed. In the short term the market could trade between 55 & 70, but in the long term it is going to go lower.
Short
by BitcoinMacro
23
EURUSD breaks 2016 support! Are we going for the 2000 low?On Friday EUR/USD hit a 20-year low, that's a big big deal, but to every effect in the market the is a cause behind it and if we are to succeed as traders and/or investors we need to understand why markets move because knowing the cause can help us take advantage of the effects! ONE BIG REASON FOR THE CRASH: Eurozone's trade surpluses have been completely wiped out because of energy crisis Europe is facing from their failed actions against Russia. Germany has slipped into trade deficit for 1st time in 31yrs, shortfalls in trade were also observed in France & other EU countries and all of this is taking a big toll on the eurozone currency. Major banks currently predict that we are heading for parity on EURUSD and there is little hope this will change because there is no "quick fix" for the problems in Europe, it actually seems that things will get much worse before they get better. A confluence of factors are adding to further downside risk, here are a few key factors to take away with you from this post: - Inflation (CPI data) is getting out of hand not only in Europe, but the USA too, Poland's CPI data is expected at 15% for example. - The protests we are seeing in Holland are also taking a toll on the Eurozone - The UK faces strikes in transportation - There are big problems in EU airports - The Biden administration is considering to lower the Chinese trade tariffs as such would be a drag on the measured headline CPI (that includes taxes) - The German trade balance is now negative I can add much more to this list but as you can clearly see... it is all doom and gloom for now, and that means OPPORTUNITY to us traders as the markets are bound to create bigger moves, whether up or down that is for the market to decide... our job is to simply focus on following the market and obeying it! Hope this post has helped you in one way or another! Good luck trading! -
Short
by PrimedGroup
1
Incoming Long GBP/USD (From Blue Box area)Anticipating a reveral of short-term trend. I would like to see price manipulate the equal lows and asian Low (bottom white line) to tap into my Demand zone. Another confluence, is we have a point of control for volume profile at demand zone. As you can see from a structrue standpoint, we've created some bullish pressure previously, although the HTF are still bearish, we have room for a retracement even if the market wants to continue lower. Therefore I am anticipating a reveral of short-term trend to go bullish from the blue area if confirmation has been met. Targetting imbalance towards previous HH.
Long
by MB_Technicals
volatility in the dollar should continue (DXY)fib trend extend says the hourly picture could still be bullish for the dollar, but continued resistance around the 95.8 area, and continued support around the 95.4 area is likely. this should mean cheaper prices for stocks, but i dont imagine the fed can keep its finger off the printer button for long. a break above or below the horizontal lines and 4 hr close would be considered bullish or bearish respectively. favorite USD pairings at the moment for a bull break in DXY would be NZD and AUD, and my favorite dollar pairings for a bear break would be JPY or EUR.
TVC:DXY
by cerealtrades
2