EUR USD Daily if price rejects the zone - sell.
Here is the EUR chart only -
note these setups are to show where if price rejects we will look short -
same information below as previous post - incase traders see this instead.
We have our take on the EUR USD - a lot of speculators have seen the Euro as the stronger of the currencies against the USD which has been seen as out of favour - but this is all part of the plan from the FED and US government in order to see the dollar as good for import and export .
Is this all part of the money printing plan for the future to de-value the dollar? or a huge mistake causing an sovereign debt crisis? or just part of supply and demand?
Let's see the Data:
COT Data:
EUR
AVG Long Short Total long% Short % Net Change
Avg_13 180,947 86,109 267,056 68% 32% 94,837 2,910
Avg_20 171,218 105,719 276,937 63% 37% 65,499 9,843
Avg_130 169,626 177,152 346,778 51% 49% -7,256 3,155
Avg_50 169,349 175,216 344,565 51% 49% -5,867 3,381
USD
AVG Long Short Total long% Short % Net Change
Avg_13 18,057 12,046 30,554 60% 40% 6,462 -1,569
Avg_20 19,538 12,046 31,584 62% 38% 7,491 -958
AVG 50 30,399 11,917 42,316 70% 30% 18,481 -742
Avg_130 31,126 12,171 43,297 70% 30% 18,955 -672
Technicals:
Monthly Fibonacci retracement drawn and shows price will either bounce and reject 61.8% Fibonacci retrace
a break to the upside will test the 70.5% or hit the 1.21 zone -
Note the monthly trendline from using the Ray - has proved the constant lower highs and lower lows printed in the cycles.
The lowest low of 1.066 has shown a good retest zone for targets.
Fundamentals:
US election rallies before taking place at the end of the year with campaigning -
We have NFP numbers showing millions return to work.. but also high unemployment still looming.
Trade war with China, Hong Kong unfolding with US responding
High figures in multiple states which are concerns for large communities- record numbers still being released
Fiscal intervention in July, August for stimulus.. constant printing money is not good for the economy.
US tech stocks have seen the highest returns and zero confirmation by Dow30 and S&P following suit. - will this last? no.. billionaires just adding wealth, SME businesses not receiving the correct funding at all..
Dow 30 is in a fragile state and desperate to keep pushing higher but limited upside will cause a steep decline - refer to Dow chart.. around 27,000 is a good point for a previous monthly high but it may fall over at 28000 tops.
Crippling 1trillion money printing exercise to be released to prop up false growth. enter sovereign debt crsis - printing all this money is just beyond words. With having a weak dollar and inflation created - the dollar will be out of favour.
Euro second wave & quarantine rules for tourists outside EU and now Spain for UK.
Brexit talks are still in focus as not much separates a no deal scenario.
Why follow us?
Updates on our pairs as and when we can.
Swing trade out looks
10 years combined experience in capital markets
simple breakdowns for beginners to advanced .
KISS - keep it simple stupid.
we trade purely from naked charts, less indicators - remove the noise.
If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes.
Thanks,
Team Lupa
note these setups are to show where if price rejects we will look short -
same information below as previous post - incase traders see this instead.
We have our take on the EUR USD - a lot of speculators have seen the Euro as the stronger of the currencies against the USD which has been seen as out of favour - but this is all part of the plan from the FED and US government in order to see the dollar as good for import and export .
Is this all part of the money printing plan for the future to de-value the dollar? or a huge mistake causing an sovereign debt crisis? or just part of supply and demand?
Let's see the Data:
COT Data:
EUR
AVG Long Short Total long% Short % Net Change
Avg_13 180,947 86,109 267,056 68% 32% 94,837 2,910
Avg_20 171,218 105,719 276,937 63% 37% 65,499 9,843
Avg_130 169,626 177,152 346,778 51% 49% -7,256 3,155
Avg_50 169,349 175,216 344,565 51% 49% -5,867 3,381
USD
AVG Long Short Total long% Short % Net Change
Avg_13 18,057 12,046 30,554 60% 40% 6,462 -1,569
Avg_20 19,538 12,046 31,584 62% 38% 7,491 -958
AVG 50 30,399 11,917 42,316 70% 30% 18,481 -742
Avg_130 31,126 12,171 43,297 70% 30% 18,955 -672
Technicals:
Monthly Fibonacci retracement drawn and shows price will either bounce and reject 61.8% Fibonacci retrace
a break to the upside will test the 70.5% or hit the 1.21 zone -
Note the monthly trendline from using the Ray - has proved the constant lower highs and lower lows printed in the cycles.
The lowest low of 1.066 has shown a good retest zone for targets.
Fundamentals:
US election rallies before taking place at the end of the year with campaigning -
We have NFP numbers showing millions return to work.. but also high unemployment still looming.
Trade war with China, Hong Kong unfolding with US responding
High figures in multiple states which are concerns for large communities- record numbers still being released
Fiscal intervention in July, August for stimulus.. constant printing money is not good for the economy.
US tech stocks have seen the highest returns and zero confirmation by Dow30 and S&P following suit. - will this last? no.. billionaires just adding wealth, SME businesses not receiving the correct funding at all..
Dow 30 is in a fragile state and desperate to keep pushing higher but limited upside will cause a steep decline - refer to Dow chart.. around 27,000 is a good point for a previous monthly high but it may fall over at 28000 tops.
Crippling 1trillion money printing exercise to be released to prop up false growth. enter sovereign debt crsis - printing all this money is just beyond words. With having a weak dollar and inflation created - the dollar will be out of favour.
Euro second wave & quarantine rules for tourists outside EU and now Spain for UK.
Brexit talks are still in focus as not much separates a no deal scenario.
Why follow us?
Updates on our pairs as and when we can.
Swing trade out looks
10 years combined experience in capital markets
simple breakdowns for beginners to advanced .
KISS - keep it simple stupid.
we trade purely from naked charts, less indicators - remove the noise.
If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes.
Thanks,
Team Lupa
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