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About mlawson71

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  1. mlawson71

    EUR/USD did decide to rally above the consolidation before the end of the holidays after all, the pair rallied to 1.1200 today and remains quite bullish. Let's see whether it will break out above 1.1200 before the market closes today.
  2. mlawson71

    It's consolidating around 1.1130, I think we may see it reach 1.1150 and above by the end of the week.
  3. mlawson71

    EUR/USD market volatility is winding down more and more ahead of the holidays, I think we won't see a new big movement in either direction in the next few days.
  4. mlawson71

    True. One can analyse forex patterns, but 63% of traders still lose money. It requires quite a lot of knowledge to learn to do that well.
  5. mlawson71

    The pair remains very undecided, I think we will see it rally to 1.1100 again at best.
  6. mlawson71

    It's stubbornly consolidating around 1.1070 and since the winter holidays are coming closer and closer I assume we won't see big changes before they end.
  7. mlawson71

    Let's see how it will develop.
  8. Thailand’s immigration police busted a crypto-related call center scam in Bangkok, arresting 24 Chinese nationals. A crypto selling call center scam has been raided by the immigration police in Bangkok. According to the Chiang Rai Times, authorities apprehended 24 Chinese nationals who have been renting a hose in Thailand’s capital as a base of operation. According to a further statement by the Thai police, the people involved in the scam targeted citizens in mainland China with the offer of trading digital currencies on Huobi Global crypto exchange. It appears they have been at it since March of this year. Source
  9. mlawson71

    It pulled back to the resistance and closed at 1.1060, next week it will likely continue falling.
  10. mlawson71

    It reached 1.1100 after all but is yet to break out above the last high at 1.1115. If it does we may see EUR/USD rallying to 1.1150 again.
  11. mlawson71

    It's testing 1.1090 for now but it has also formed a pair of spinning tops around that level so whether it will rally above that resistance is unclear.
  12. mlawson71

    EUR/USD formed a spinning top at 1.1075 on the daily time-frame and bounced off from that resistance. Naturally, the sideways consolidation continues.
  13. A new law has been proposed in Germany that would allow banks in the country to act as intermediaries in the sale and custody of digital currencies such as Bitcoin. The proposal is part of a bill that would implement the fourth EU Money Laundering Directive. According to the report by German media Handelsbatt, if the law is succesfully put forth, “starting in 2020, financial institutions will be able to offer their customers online banking, virtually at the touch of a button, along with classic securities such as stocks and bonds, as well as cryptocurrencies. The law also provides for further relief, such as extended application deadlines for the necessary license.” It appears that the bill has already received the approval of the Bundestag and is now awaiting the decision of the country’s 16 states. Source
  14. mlawson71

    It's back to 1.1070 and there is a clear consolidation channel forming between 1.1000 and 1.1080 which may last until after the holidays.
  15. mlawson71

    It's consolidating around 1.1000 still. With the winter holidays approaching this consolidation may not end soon.
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