Hello traders and fellow Wojaks! This is a long term forecast on EUR/USD. This is NOT a Day Trade setup.
- Despite the spike up this week, the Weekly EMA Ribbon is still bearish (red as opposed to blue)
- EUR/USD has been forming lower highs on the monthly timeframe for years dating back to 2008.
- EUR/USD is playing out the same Weekly Bearish Divergence on the MACD indicator as it did in 2018.
- My first target is the March 2020 low set at 1.06345.
- If EUR/USD does nosedive over the next few months/years --> DXY will be 100+ --> ☠️ Stocks and Crypto ☠️
I am not labelling this post as a long or short because this is a forecast and not a trade setup. Trade safe. Stay safe.
- Despite the spike up this week, the Weekly EMA Ribbon is still bearish (red as opposed to blue)
- EUR/USD has been forming lower highs on the monthly timeframe for years dating back to 2008.
- EUR/USD is playing out the same Weekly Bearish Divergence on the MACD indicator as it did in 2018.
- My first target is the March 2020 low set at 1.06345.
- If EUR/USD does nosedive over the next few months/years --> DXY will be 100+ --> ☠️ Stocks and Crypto ☠️
I am not labelling this post as a long or short because this is a forecast and not a trade setup. Trade safe. Stay safe.
Note
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.