If that is priced in by markets, so why we didn't see any dollar strength following that matter. on the other way, if that didn't really affect the usd in a positive way and we didn't see usd strength, why would we see usd weakness on ther way around

Election effects?

Very appropriate point. 1.8953 is indeed the next key level here. Should GBPUSD tries to bounce before another drop, we have 1.9028 38.2 fib of recent decline from 1.9115-1.8975. If that failed, most probably near 1.9045. I will try shorts at these ...

GBPUSD

In fact I do not know about EW, but the targets seem appropriate. Btw, do you have any starting guide for beginners?

G/U & E/U where it goes...

I really think the EUR and GBP shorts are getting paid for waiting with USD now ..and I think, the NFP and Jobs data changed the expectation of 'too soon to cut rates' and dollar likely to hold. Technically, EUR reached 1.2677 but retraced due to ...

A little technical overview $Swiss and Sterling$

EURUSD Stochastic making a negative cross on daily. A slightly bearish weekly candle and sharp decline near 1.2680 suggesting more selling should come in next week. The market did violate 23.6 fib, and now heading towards 1.2677 and 1.2642 if that ...

A little technical overview $Swiss and Sterling$

Market took the USDCHF target. However, GBPUSD looks to find some buyers at 23.6 fib at 1.8990. A close below would signal more downside.

A little technical overview $Swiss and Sterling$

You are very right about unusual movement and wild friday moves. Well hunting for stoploss before a major move or some similar scenario. Actually It's going to be wild.. but on which side? I just hope my stoploss is not hit. but If the market is ...

Textbook "Reversal Day" for GBPUSD

On daily chart, we have a swing high at 1.9133 with lower highs pattern intact. We also have the swing high from 8 Aug at 1.9142. Thus making GBP vulnerable to a correction. 23.6 fibonacci stands at 1.8990 and a break may signal more downside. ...

Textbook "Reversal Day" for GBPUSD

Rumours hm.. not surprising that people guessing a weak number in consensus with recent weak headlines. but be cautious of a revision. Good luck.

NFP and rumors around

I think that rate-hike expectations are well priced in by markets now for USD, EUR, and GBP. Euro held rates but signalled another hike in coming Dec, so that is supporting Euro now. But you are right, the GBP looks more vulnerable to downside ...

G/U & E/U where it goes...

That was all plain text. If you do not mind, I post also the picture I see. USDCHF picture

A little technical overview $Swiss and Sterling$

I think It will be above 1.3000, because by then Fed will be signalling lower rates near-term.

where will the EURUSD be on Jan1?

You have to wait and figure out. I suspect that we will see some pre-effects and dollar selling across the board ahead of the release as well. I also think dollar could rebound to any positive report.. Thing is, housing slump starts to affect the ...

USD ISM Manufacturing Index*neg. like the rest?*

Hello, All respect to your view. But I can't write off the dollar yet, even with a softer nonfarm payrolls. It would take a signal from Bernanke that next move in rates is lower, only then I would consider the dollar off the table. With markets ...

GBP/USD -- 18 October Repeated

Overbought and Oversold studies are not crash. Sit back and open your chart and find price reaction to these levels. It has to make a reversal or at least consolidate the rise/drop before going higher/lower. This is a no doubt. RSI for Cable 4HR ...

GBPUSD

I think that while daily studies for Cable are swinging higher, there is only little room before it is overbought, thus limit further USD losses. 1.9040-50 could well cap and a corrective move will be needed. I am selling on rallies.

GBPUSD

RSI on a 4-hour chart is one of my best indicators. I use it for bounces off top and bottom when the pair is tending to be heavily overbought or oversold, usually a minor or strong reversal occurs next. Sometimes price consolidates, but that's even ...

What is your favourite indicator and why ?

Hello, First off, I would like to thank you for letting me join such great Forex forums. After a good research in the VT Indicators Section, I came across an indicator (Thanks Bemac for posting) Vegas 1HR tunnel for VT Trader. I am really impressed ...

VTTrader: New Indicators & Trading Systems Only: No Discussions please

I greatly agree with your USD bullish sentiment. Fundamental speaking, the market is not going to price in rate-cuts in the near-term as long as Fed speakers highlight concerns over inflation. Ofcourse GDP eased these concerns, but "did not fully ...

My own overview regarding the recent price action!!!