Forex Cryptocurrency General Chit Chat Thread 2019

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dun say humji.
when it comes to money, only u ownself know ownself r/r
arboh become like the aunty buy high sell low:s22:

Today Gold really make buyers sian jit pua...sit rocket go up to 1900 plus then suddenly tio smashed down to 1855... :s13:

Now ai mai ai mai, don't know want to end the day red or green... :s13:
 

Mr. Wood

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Can the AUD/USD continue to rise?
December 22, 2020 6:25 AM

Technically speaking, on a daily chart, the AUD/USD began a short-term downtrend on Monday after the pair dropped below Friday’s low. It appears that the pair used the 20-day simple moving average (SMA) as support. If the intermediate-term uptrend can continue then the next major targets are 0.7675 and 0.7810. If the pair retreats further, then speculators should look to the 20-day SMA for further support. If price fails to hold above the 20-day SMA, then the next support level would be 0.7415.
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Mr. Wood

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Hello volatility my old friend: GBP/USD, EUR/GBP,USD/CHF
December 22, 2020 3:26 AM

GBP/USD has bene trading in a megaphone pattern since November 23rd. A megaphone pattern is a broadening pattern, in which price forms higher highs and lower lows, thus creating volatility. On Friday, GBP/USD traded above 1.3600 and closed near 1.3500. On Monday, price gapped over 100 pips lower and traded down to as lows as 1.3188 (a 2-day range of over 400 pips!) before reversing. Simple Fibonacci analysis from Friday’s highs to today’s lows shows that price retraced to the 38.2 Fibonacci line near 1.3350. 1.3404 is the 50% retracement level and 1.3484 will fill the weekend gap. First support is at today’s lows, then horizontal support at 1.3134 and then the downward sloping trendline from the megaphone pattern near 1.3088.

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18364c24a19241768ed548356f8de4b7.ashx

USD/CHF is sometimes used as a proxy for the US Dollar Index because of their correlation. On a 120-minute timeframe, the current correlation coefficient between USD/CHF and DXY is .91. A correlation coefficient of +1.00 would mean that the two assets move together on a one for one basis. USD/CHF broke lower below support on December 2nd and has been trading in an orderly downward sloping channel since. Today, price tried to aggressively push the upper trendline of the channel. USD/CHF traded erratically between 0.8842 and 0.8919, before forming a shooting star and pulling back into the channel. The RSI had been diverging from price since early December and finally moved higher today (only to sell off again.). Resistance is at today’s highs near 0.8918, then not until the December 2nd breakdown point near 0.8980. Support is at Thursday’s lows of 0.8822, then the bottom trendline of the channel near 0.8800.
 
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FX option expiries for Dec 22 NY cut at 10:00 Eastern Time, via DTCC, can be found below.

- EUR/USD: EUR amounts
1.2100 1.1bn
1.2125 588m
1.2150 1.1bn
1.2200 2.3bn
1.2300 741m

- GBP/USD: GBP amounts
1.3440 330m
1.3600 354m

- USD/JPY: USD amounts
103.00 1.2bn
103.50 651m
103.75 450m
104.00 550m

- AUD/USD: AUD amounts
0.7500 630m
0.7575 613m
0.7580 578m

- EUR/GBP: EUR amounts
0.8975 370m
0.9000 485m
 
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