Forex/Cryptocurrency General Chit Chat Thread

[awful999]

8000 is strong support.

for me i look at 7500 if this one break , may see 577x

 

[Mr.Canberra]

for me i look at 7500 if this one break, may see 577x

Wow BTC at 5000 level! Those bought at 12K chua sai liao!

It is Super Jobs Friday again. Hope everyone huat with the usual volatility from 9:30pm SGT onwards.

And don't say I never remind you all. Tonight if you place stop loss sure bang balls!

 

[Mr.Canberra]

Take note traders are squaring off positions now.

 

[Mr.Canberra]

3min more.

Huat ahhh!

 

[Mr.Canberra]

Huat ahhh!

 

[awful999]

Huat ahhh!

huat ar short EU ,long UJ, heng night for me

note : just a lucky night, not always like that, DYODD

 

[Mr.Canberra]

huat ar short EU ,long UJ, heng night for me

Scalping USD/CHF.

 

[Mr. Wood]

anyone got stopped out by the prataing?
long short e/u both can make money

 

[awful999]

UJ back up to 107 again, cross finger

 

[Mr.Canberra]

anyone got stopped out by the prataing?
long short e/u both can make money

Good for scalping up and down just now.

NO STOP LOSS will not get stopped out unless drunk trading.

UJ back up to 107 again, cross finger

If today able to close above 107.0 that means next week will be bullish.

 

[havetheveryfun]

halo everybody...i just signed up one trading account. I always have a doubt that live account is harder to play than demo account as the brokerage will kill off your stop loss in when you play with real money. can recommend me any good brokerage?

not sure whether u are a troll or a genuine newbie, but give you the benefit of the doubt..

any regulated brokers are good brokerages, if you want one with Singapore presence then CMC is a good one except the leverage is a lot lesser compared to some other brokers.

Live account of course always is harder to play than demo account because it involves real money. Stop loss hunting is real but it is not done by the brokerage, it is done by the big boys.

 

[awful999]

Good for scalping up and down just now.

NO STOP LOSS will not get stopped out unless drunk trading.



If today able to close above 107.0 that means next week will be bullish.

Below 107, alamak

 

[ctstalin]

Come in pruss one

 

[Mr. Wood]

WEEKLY FOREX MARKET OUTLOOK: (MAR 12-16, 2018)

EURUSD:

Technical Outlook: The EURUSD was seen continuing to drift to the upside with price posting a strong reversal after initially falling to the support level at 1.2213 – 1.2184. Last week’s ECB meeting saw the euro rallying ahead of the meeting before easing back. The EURUSD continues to trade sideways within the resistance and the support levels that are formed. However, the brief breakout above the resistance level week failed to hold the gains which saw the euro currency settling back into the range. We expect this sideways range to continue for a while until a strong breakout could potentially establish a short term trend. We expect downside risk in the EURUSD which could see price testing 1.2070 level in the medium term.

Fundamental Outlook: Following last week’s key event risks that included the Italian elections and the ECB’s monetary policy meeting, the week ahead looks somewhat quiet for the euro currency. Most of the economic data for the week ahead focuses on the second tier data. The week starts off with the private payrolls quarterly report from France and the final inflation figures. The ZEW institute will be releasing the German and the Eurozone economic confidence. The data could gain importance as earlier, another measure of sentiment showed that the Eurozone economic sentiment had weakened. Industrial production and final inflation figures for the month of February are expected later in the week.

 

[Mr. Wood]

WEEKLY FOREX MARKET OUTLOOK: (MAR 12-16, 2018)

GBPUSD:

The GBPUSD has produced an inside weekly bar which can signal that we can still see more ranging activity in the coming week. As long as we trade above last week low 1.3855 the consensus remains for more consolidation. However, a break below and a daily close below 1.3855 can open up the door for a retest of the next important support level 1.3570.

The stochastic indicator is in neutral territory and we don’t see any signs of major extreme positioning in the market. On the upside, last week high 1.3930 remains our resistance level but the first break can see some sellers and the market to retrace back into the range. The line in the sand remains the big psychological number 1.4000. A break above this round number can suggest that we’re ready to resume the bullish trend. The UK economic calendar doesn’t have any major risk event scheduled beside the Annual Budget report. The budget release outlines the government’s budget for the year and can be the catalyst for some volatility.

 

[Mr. Wood]

WEEKLY FOREX MARKET OUTLOOK: (MAR 12-16, 2018)

USDCHF:

Technical Outlook: The USDCHF currency pair built some upside momentum as price action managed to clear the resistance level that was formed at 0.9455. The breakout above this level could potentially indicate further near term gains in price. We expect USDCHF to eventually target 0.9741 level of resistance which had previously served as support. To the downside, any dips are likely to stall near 0.9455 level with possible downside bias building up in the event that USDCHF closes back below the resistance/support level.

Fundamental Outlook: Data from Switzerland remains light for the most part with Thursday’s quarterly central bank meeting from the Swiss National Bank standing out. The three month Libor rate is expected to remain unchanged at -0.75% at this week’s meeting. The central bank officials are also expected to maintain the status quo with the potential risk of talking down the Swiss franc. On the economic front, Switzerland’s PPI data comes out just before the SNB’s meeting. Overall, the data from the U.S. will also have an impact as the markets turn focus to the inflation figures for February. Other items that stand out include the building permits report due on Friday.

 

[Mr. Wood]

WEEKLY FOREX MARKET OUTLOOK: (MAR 12-16, 2018)

USDJPY:

Technical Outlook: The USDJPY currency pair continued to push higher after price action was seen forming a base near the 105.78 – 105.42 level of support. By Friday’s close, USDJPY was seen testing the major long term trend line. A breakout from the trend line is required in order to establish the upside bias in USDJPY. The major resistance level at 108.43 level is expected to be tested on a successful breakout from the trend line. To the downside, USDJPY is limited in the declines which could see prices retesting the previous support level that has been established.

Fundamental Outlook: Data from Japan for the week ahead is quiet after an eventful week last week following the Bank of Japan’s monetary policy meeting. The preliminary machine tool orders kick off the week followed by the producer price index data later in the data. The PPI figures could have potential implications as expectations start to build that inflation could continue to rise in Japan. On Tuesday, the monetary policy meeting minutes from the previous week’s BoJ meeting will be released. Investors are likely to focus on the data in hopes to gain more clarity on the next policy move from the central bank.

 

[Mr. Wood]

WEEKLY FOREX MARKET OUTLOOK: (MAR 12-16, 2018)

USDCAD:

The USD/CAD has found resistance at the big psychological number 1.3000. The inability to sustain any rally above the big round number suggests that the current rally has run out of gas and now we can expect to see a retracement or at least to consolidate in the near future. On the downside, we have the first level of interest at the intraday support 1.2760. A break and a daily close will open the door for a retest of the 1.2688 a more significant level that can produce a reaction higher.

The stochastic indicator is already in oversold territory which suggests that early in the week we can see an intraday rally before the current retracement to resume.

We only have one significant risk event scheduled on the Canadian economic calendar. The BOC Governor Poloz is scheduled to deliver a speech with the title “Today’s Labour Market and the Future of Work” at the Queen’s University, in Kingston.

 

[Mr. Wood]

WEEKLY FOREX MARKET OUTLOOK: (MAR 12-16, 2018)

AUDUSD:

The Aussie has posted another green week which is supportive for the bullish case. There is scope for the AUDUSD to eventually have a try to regain again the big psychological number 0.8000. However, before that we still have to regain the intraday resistance level 0.7880. A daily close above this level is sufficient to give the AUD/USD a boost and open the door for a retest of 0.8000.

On the downside the first area of interest is at 0.7800, but last week low 0.7720 remains the critical level for the bulls. A break and a daily close below can invalidate the bullish case and eventually can open the door for a bigger drop towards the next are of support at 0.7643 levels. The Australia economic calendar doesn’t have any major risk event that can disrupt the market volatility. However, we can mention the RBA Assist Gov Kent which is due to speak at the Kanga News Summit, in Sydney. Monday we also have the Australia Labour Day which means that traders need to expect low level of trading activity.

 

[Mr. Wood]

https://www.forexfactory.com/calendar.php

All times in SST

MonMar 12
-
TueMar 13
7:30pm GBP Annual Budget Release
8:30pm USD CPI m/m
USD Core CPI m/m

WedMar 14
4:00pm EUR ECB President Draghi Speaks
8:30pm USD Core Retail Sales m/m
USD PPI m/m
USD Retail Sales m/m
10:30pm USD Crude Oil Inventories


ThuMar 15
4:30pm CHF Libor Rate
CHF SNB Monetary Policy Assessment

FriMar 16
8:30pm USD Building Permits