News


Speak now or forever hold your peace

If you have a great idea that you want to share with your fellow traders, now is the time to speak up. Failure to do so, may cause you lots of consternation or anxiety. You may lose sleep.  So let it all out. Clear your trading soul.  : )

Some observations:

The EURUSD sits between the falling 200 hour MA above  at 1.11694 and the flattening 100 hour MA below at 1.11382.  Do we break higher and test/break the 200 hour MA, or wander back lower and resume the selling?

The GBPUSD ended Tuesday down but off the lows. The low on the weekly chart yesterday stalled near a lower trend line and swing low going back to March 2017 (see chart below).  That hold led to a modest corrective move higher but is it it for the pair (see post from yesterday targeting that area)?
GBPUSD corrected off a trendline and swing low on Tuesday

The USDJPY dipped below its 100 hour MA on Tuesday (at 108.55 now) but recovered. The market has held the MA line since failing.  Do we break or bouce?

USDJPY is testing the 100 hour MA on a corrective move lower



Source link

Articles You May Like

EUR/USD holds slightly firmer with ECB in focus, what to expect?
EUR/USD EUR/JPY trade Best Forex Trading System 12 SEPT 2019 Review -forex trading systems that work
BOJ officials reportedly said to see the need to keep a lower limit on yields
Drone attacks cut as much as 5mbpd of Saudi oil production
HOW TO TRADE FOREX WITH A SMALL ACCOUNT (3 TIPS)

Leave a Reply

Your email address will not be published. Required fields are marked *