Euro / U.S. Dollar 2019 Analysis
Updated
Hi again,
First time doing Fiat Analysis, but why not? :P it;s the same for all charts so, i believe it's a good time to start moving around to some interesting Charts.
So, again, this is only presentation. Ill be working with this one in larger time frames because it's a lot different from cryptos and it does not have the same volatility. It moves all different, and that, i like it as a challenge ;)
We are moving on a downtrend channel as you all know. I Expect the price to keep falling from now till 21 to between 1.05 and 0.97.
i'll get into deep every time i can so. Let's just start with this part by now since there's a lot of information going on already in a Month Chart, but ill be moving around in different time frames.
We got the Channel, Fibonacci and Chuvashov in Place. And as usual, there's a Fractal going on that ill try to explain later on.
So, hope you find as usual interesting and helpful to a better understanding on how markets works with fiats.
Stay tune! ;P
Cheers!
Charter X
First time doing Fiat Analysis, but why not? :P it;s the same for all charts so, i believe it's a good time to start moving around to some interesting Charts.
So, again, this is only presentation. Ill be working with this one in larger time frames because it's a lot different from cryptos and it does not have the same volatility. It moves all different, and that, i like it as a challenge ;)
We are moving on a downtrend channel as you all know. I Expect the price to keep falling from now till 21 to between 1.05 and 0.97.
i'll get into deep every time i can so. Let's just start with this part by now since there's a lot of information going on already in a Month Chart, but ill be moving around in different time frames.
We got the Channel, Fibonacci and Chuvashov in Place. And as usual, there's a Fractal going on that ill try to explain later on.
So, hope you find as usual interesting and helpful to a better understanding on how markets works with fiats.
Stay tune! ;P
Cheers!
Charter X
Note
So, just want to start with this idea, since i forgot to mention someone important lol. Yes... Mr Wyckoff it's in the party too!We are about to enter to spring time, so there's no reason to start panic if the price follows, but this are big players regular moves. On contrary, prepare your wallets on the spring time :P
This is a daily Chart time frame so please yourself. This confirms what i said before, that i expect price to fall.
Having a Wyckoff method ( love this guy ), we have to pay attention wen getting to the support line. Sometimes brake that line but are false break outs, so keep that in mind. After springs it will come the test, and some times the test is done more than once. Take that in mind.
Indicators... let's take a look...
Again, when the wave pikes are about to meet in some point just means a big change in wave is about to come, that could be in this case confirmation of really hard fall in price. It would confirm Mr. Wyckoff Accumulation phase. No doubt about it.
Some times i like to take a look at Accumulation / Distribution Indicator, so right now, it's moving down so, that would confirm again fall of price.
Aroon Indicator tells same story... Bears are about to start their moves, so next part it will be in hand of sellers until buyers indicator goes to the bottom.
RIS is kind of hard to decipher in this charts, but not imposible.
On a daile chart we got this:
And on 5 Days Chart:
Another confirmation of Price falling...
And one of my favorites indicator :P RSI Mirror where on a month time frame we can see the final look:
And in more detail, 1 Day Cahrt:
So, that's all for now. Hope it helps ya out and in case you may want to fallow the updates, well, just stay tuned ;)
Cheers!
Charter X
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