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The end of the hard week

megajorko Posted 4 Dec.  in #Trader's blog #Nfp
Good evening everybody,
This hard week is coming to end.
Again we can see strange coincidence of numbers
EUR/USD = 1.08700
DAX = 10870.0
GOLD = 1087.00
The news that were so anticipated had impact opposite to the logic.
Draghi lower the rate with 10 bps and extended the bond buying to 2017 but nevertheless Euro catapulted with acceleration never seen since 2009.
NFP has better readings than expected but Euro again went up.
My analysis of this situation is that the price of euro is independent of…
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Monday 9th Range

megajorko Posted 9 Nov.  in #Trader's blog #Nfp #Eurusd
Hello traders,
The Fridays non-farm payroll surprised a lot of participants but it was a very expected scenario for the people who have followed Fed closely.
After the big drop in EUR/USD it was a matter of time to reach the moving averages 1 by 1 (minute - hour and maybe daily)
figure: An hourly triangular moving average which I use here for first time
We see that it has reached today the level 1.076. According to Median price it should reach 1.0782. (which it already reached)
Because it is Mon…
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The effect of NFP

megajorko Posted 6 June  in #Trader's blog #Nfp #Eurusd
Hello everybody,
Today is Saturday and we are relaxing after the hard trading week.
What happened on Friday:
It was not a big surprise and I think a lot have suspected higher readings of the NFP and it jumped from 230k expected to 280k which absolutely normally resulted in this strong spike of the USD. But what can we take out of this spike will this lead to further USD appreciation or this is only a mass panic and the trend of the EURO return back to northern territory. I think it will become c…
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