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EURUSD Hit Resistance at 1.14, to Retest Support at 1.118Trend Analysis The main view of this trade idea is on the 4-Hour Chart. The Forex Cross EURUSD hit some resistance around the 1.14 level and is attempting to retest the 1.118 level. The overall trend is down, breaking lower from its short term moving average (MA). EURUSD continues to be below is medium and long term MAs. A negation of this move will be observed if EURUSD rallies above 1.131. The longer term view concurs with the short term. EURUSD is trending lower, unable to break above 1.14. Technical Indicators EURUSD is in a downtrend. Currently the FX Cross is trending below its short (50-MA), medium (100-MA) and long (200-MA) fractal MAs. Negative crossovers occurred a couple months ago. The RSI is below the 50 level and the KST is in a sell mode. Recommendation The recommendation will be to go short at market, with a stop loss at 1.131 and a target of 1.118. This produces a risk/reward ratio of 1.33 Disclaimer The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time of publishing I have exposure to EURUSD.
Short
by Ceddy86
1
Markets news n°37And it is back! > Biden re-nominates Powell as Fed chair, praising the progress made in the USA *********************** Biden said "we’ve made remarkable progress", and the US admin mentionned the improvement in unemployement as well as economic recovery, shutting down voices of opposition within the US central banking community. No change in direction, we can expect the monetary base to continue to expand at the high pace started a few years ago (followed a couple of years pace higher than the previous one which itself was higher than the previous one). The Federal Reserve has a statement (+ economic numbers) later today (24/11). Maybe a catalyst for markets to move strongly, even more strongly. The WH decision might have ended a period of price uncertainty, finally things can get moving! www.whitehouse.gov > ECB Lagarde also announced nothing will change despite inflation far above target *********************** Guess what? The game of ping pong continues between the US and EU. No that's not ping pong. How do you call the first one that moves loses? Hold my beard first to laugh loses? Anyway, here we go again: Despite inflation more than double of target in Europe (at 4.1% last I heard) Lagarde said rates would probably not increase in 2022. The evil conspiracy of "forcing growth" is ongoing. I'm sure it's going to work out just great. If they create big moves and easy money in the market remember you need to make 4-5% just to breakeven. Passive "rentier" type boomers and unskilled bottom of the chain labor are the ones that lose. And yellow vest protests in France will never end, not until they get a "right-winger" elected, we're getting pretty close now. France might get its own Trump next year. But does anyone mind the transfer of wealth from passive rentier boomers and heirs to active investors? I don't (obviously). > Europe bankers approved new system for stablecoins and more, but said "no rush" *********************** The ECB’s Governing Council announced 2 days ago they approved a new oversight framework for electronic payments, the "payment instruments, schemes and arrangements", or ‘Pisa’, framework. In particular in includes cryptos and stablecoins. 2 weeks ago at the Singapore Fintech Festival several banksters said the adoption of crypto should not be rushed, there should be more caution, while crypto entrepreneur(s) (Nick Ogden from RTGS.global) said it should go faster. Well no big surprise, that's not even news. Entrepreneurs are horny, bankers hate risk. www.ecb.europa.eu > Happy anniversary! Exactly 50 years ago journalists promised they would never lie *********************** Here's something that brings a smile: The Munich Declaration of the Duties and Rights of Journalists was signed by six syndicates of journalists of the six countries of the European community in Munich the 24 November 1971. 50 years. A lot has changed... Here are a few juicy bits: 1) Respecting the truth no matter what consequences it may bring abut to him, and this is because the right of the public is to know the truth. HAHA! 2) Defending the freedom of information, of commentaries and of criticism. CANCEL HIM! 6) Correcting any published information which has proved to be inaccurate. 8) Abstaining from plagiarism, slander, defamation and unfounded accusations... 9) Never confusing the profession of journalist with that of advertiser or propagandist... 10) Refusing any pressure and accepting editorial directives only from the leading persons in charge in the editorial office. > Elon Musk dumps his ponzi bags like Charlie Lee did, and crashes TSLA share price *********************** Remember when Charlie Lee sold his LTC ponzi beans at the very top in 2017 and collapsed the price? With some laughable excuse "I want no conflict of interest". Well richest crook in the world Elon Musk pulled a Charlie Lee, if I understood correctly to keep it simple basically his insiders and investors said in their own words he was a manipulative narcisist and Tesla was better off without him. Similar "conflict of interest" magic trick the guy at the top of the Litecoin pyramid scheme did. Didn't Vitalik also say some similar nonsense? He just wanted to retire from coding at 20, just live off his bags. Lazy. Price could be early in a correction > From the WSJ: covid deaths in 2021 in the USA have surpassed the 2020 number *********************** Americans, champions of obesity, recently surpassed their previous record in the area of covid deaths. And there is another month to go. The record was surpassed by early November, and 2020 death did only start in March-April. So it's going to be I guess about as bad. Despite all the vaccination and boosters and lockdowns and masks and capitalistic vitamin health improvement pills suckers buy and absolutely-everything-possible-except-losing-weight. If I may give my personal experience I noticed my landlord, before 2020, was in charge of managing his clients, went out to walk every day. And after 2020 lockdowns his wife was managing everything and he was barely standing, with a stick. I think he is recovering he is walking faster than a turtle now. I thought he was about to die, these covid "saving lives" policies really hit him. That's the only old person I know (and I haven't gotten anywhere close to him, self distancing), otherwise I haven't gotten sick in 5 years and if the media didn't tell me I wouldn't even know this virus existed. Living among us there are millions of terrified, isolated old childless boomers that never go out I don't even know exist - other than from statistics. Just rotting in their houses, waiting to die, right under my nose. A bit crazy to think of. Bruh I just thought... maybe there are some thousands of houses with dead people in them right now. Did anyone check? Damn. The WSJ is suggesting the reason for this virus still being so relatively deadly is lower-than-expected immunization rates as well as fatigue with precautionary measures like masks. Interesting because a few days ago France PM caught covid and seems he gave it to other members of the government, after he was seen not wearing a mask and touching everywhere with his hands. He is getting roasted a lot. www.wsj.com
by MrRenev
2
USA. Taxes. China. Crisis. Electricity. Europe. BitcoinThe world leaders have begun to create a synthetic crisis. This crisis is far scarier - the energy crisis. It is not an accident that coal-fired power plants in Great Britain were not just shut down or canned. They exploded it without any chance to rebuild. It gave the island 44% of its generation in 2012. Britain is developing a plan to build a 3,800 km long transmission line off the coast of Morocco. There will build wind farms. They will be able to meet as much as 5% of Britain's electricity needs. By the way, they will lose up to 30% of the generated electricity in the submarine cables. All countries in whose territorial waters the cable runs will have to pay a constant fee. There has never been a more costly energy project on the planet. Last year, in 2020, China permanently abandoned imports of coal from Australia, which covered 25% of the Celestial Empire's electricity generation. Most interestingly, China has not sent proposals to, for example, the Russian Ministry of Energy to organize coal exports. It simply increased its consumption of liquefied gas. The result was not long in coming. The largest factories all over China receive a schedule of power outages. The schemes include 2 in 2 or 1 in 3 days. The most extensive electricity consumers are the industrial companies. They will work only 3 or 4 days a week. Orders from major technology companies are in jeopardy. It is the most trivial issue we have. The fact is that almost all manufacturers in the world in mechanical engineering, electronics, pharmaceuticals, light industry, and the food industry are dependent on component supplies from China. They couldn't invent anything better than an energy crisis in China to disrupt global supply chains, production processes and provoke mass unemployment and hunger. There are two global dangers in the world right now. The first is the bankruptcy of the Chinese mega-developer Evergrande, which threatens to bankrupt dozens of businesses in China and even more investment funds in the United States. The second is a default by the U.S. federal government, which could occur soon. So far, there is not a hint of consensus among congressmen (Democrats and Republicans) about the issue of raising the limit of the federal budget borrowing by $3.5 trillion. Such a decision would automatically be associated with a bill to change the taxation rules in the United States. Biden signs a government funding bill to prevent a shutdown. So-called unrealized gains will now be taxed. For example, you own a house for $400,000, and last year it went up in value to $600,000. In that case, you immediately owe $60,000 to $100,000 in taxes. So if you don't currently have that money, you will need to sell your house to pay your taxes. The same goes for cryptocurrency owners. Let's suppose that you have Bitcoin in your portfolio, and it has grown in value by 300% during a year. You don't want to sell it. You are waiting for the price of $300k per BTC. In case of this law is passed, you have to pay taxes and have to sell half of your bitcoins to pay taxes.
OANDA:SPX500USD
by EXCAVO
34
Forex Euro vs ThailandA bit of forex sometimes is interesting, but i will tell you a secret, if you are succesfull to trade cryptos. You can trade everything in the world. Here a bit history : So Euro was pushed down for more than 10 years, post crises 2008 it was like a long bloodbath ! Thailand Major tourism inflation pushed Thai Bath a lot, riches peoples are happy when their own money is rocketing to the moon so they can fly to others countries and buy some chanel bags cheaper!. The big Problem off this theory is a Coin have 2 sides, when u push something very high for riches, tourists spend less money or change holiday country, finally at the end poors peoples are the most impacted and more suffering from poverty. Like you can see in the chart Euro Bounced at 32THB and this was the Lowest all time low EURO reached in 2000... and then in 2019 Euro Bounced again around 32 THB!! Magic... Actually Euro's trying to break the downtrend around 37 THB. Remember that Fibonacci told you that the story repeats all the time and this case is an pure exemple!, everything goes up have to go down and everything goes down have to go up. The world is working like that, there's no winners from Greed and Fear when the Balance is not adjusted correctly. Retracement according to Fibonnacci should be easy : - Short Term 40 THB - Middle Term 45 THB - Long Term 50 THB Happy Tr4Ding !
Long
by thecryer
2
eur usd euro dolar Hello receive a cordial greeting. Forex, the most capitalized foreign exchange market in the world, has marked supports and resistances for its stock market strategy to be profitable to use them. Resistances are used to see possible rises. And the possible supports falls, also the supports can use them as stop loss Or simply as an investment guide, using this simple technical analysis, to mark levels of supports and resistances. Sincerely L.E.D In Spain as of 21/10/2021
Short
by wallstreetstocks
Understanding Sessions - DAX FuturesFollow up from yesterday's post for US Futures, but same concepts apply for ALL assets in any market. See this example from the action this morning. DAX hasn't yet settled beneath the US Session Open, clearly indicating current pressure remains up. Yet the range potential on a push higher or lower is nice and wide. For these cases I tend to prefer to play the reaction to the next move, not predict the move itself. If you're scalping, you can use the smaller timeframe session open such as 5 minute as a guide for 'in the moment' pressure, but always keep these bigger sessions in mind and where you are in relation to them. Reference my earlier posts from yesterday and this morning for ES for more info.
EUREX:FDAX1!Education
by TheSessionMaker