EUR/USD Weekly Forecast Analysis 3-7 Oct 2022
EUR/USD Weekly Forecast Analysis 3-7 Oct 2022
We can see that currently the volatility is around 1.77% for this week, rising from the 1.28% from the last week.
Currently there is around 29.6% that the asset is going to close either above or below the channel:
TOP 0.991
BOT 0.966
The current volatility percentile is around 95th, placing us in a very risky environment. With this situations in general the market moves:
AVG weekly bull candle = 1.03%
AVG weekly bear candle = 1.05%
With this mind, from the opening price it would situate us around
TOP 0.98875
BOT 0.96811
At the same time, there is currently a 71% that we will touch the ath of previous weekly candle of 0.98538,
and there is a 29% that we will touch the low of the previous week of 0.95358
From the technical analysis point of view:
The majority of moving averages ranging from 10 to 200, are currently around 80% agreement that the market is in a bearish trend ( the current price is above those moving averages)
We can see that currently the volatility is around 1.77% for this week, rising from the 1.28% from the last week.
Currently there is around 29.6% that the asset is going to close either above or below the channel:
TOP 0.991
BOT 0.966
The current volatility percentile is around 95th, placing us in a very risky environment. With this situations in general the market moves:
AVG weekly bull candle = 1.03%
AVG weekly bear candle = 1.05%
With this mind, from the opening price it would situate us around
TOP 0.98875
BOT 0.96811
At the same time, there is currently a 71% that we will touch the ath of previous weekly candle of 0.98538,
and there is a 29% that we will touch the low of the previous week of 0.95358
From the technical analysis point of view:
The majority of moving averages ranging from 10 to 200, are currently around 80% agreement that the market is in a bearish trend ( the current price is above those moving averages)
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🔻Blog: hercules.money/blog/
🔻Telegram : t.me/hercules_trading
🔻Discord: discord.gg/hudcJvcCAq
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.
🔻My Website: hercules.money/
🔻Blog: hercules.money/blog/
🔻Telegram : t.me/hercules_trading
🔻Discord: discord.gg/hudcJvcCAq
🔻Blog: hercules.money/blog/
🔻Telegram : t.me/hercules_trading
🔻Discord: discord.gg/hudcJvcCAq
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.