InvestMate|December the worst month for bulls on the US dollar🐻December statistically the weakest month for the US Dollar, a statistic since 2000 against the EUR/USD.
Relative to statistics, December is the month in which EUR/USD gains the most.
The average EUR/USD increase for the month is over 1.58%.
This year there is a really good chance that the rule could be confirmed.
December statistically the weakest month for the US Dollar, a statistic since 2000 against the EUR/USD.
Relative to statistics, December is the month in which EUR/USD gains the most.
The average EUR/USD increase for the month is over 1.5%
This year there is a really good chance that the rule could be confirmed
Historically, the increases have been:
2000: +8%
2001: -0.37%
2002: +5.59%
2003: +5.04%
2004: +1.91%
2005: +0.44%
2006: -0.3%
2007: -0.3%
2008: +9.75%
2009: -4.48%
2010: +3.15%
2011: -3.62%
2012: +1.54%
2013: +1.43%
2014: -2.93%
2015: +2.84%
2016: -0.66%
2017: +0.85%
2018: +0.84%
2019: +1.8%
2020: +2.45%
2021: +0.4%
2022: ?
Average: +1.589%
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Euro-dollar
EURUSD: Long Term Perspective & Trend Analysis
hey guys,
I know that many of you are expecting a coming bearish movement on a daily on EURUSD.
analyzing a weekly time frame though, I want to warn you that the pair has still much space for a bullish continuation.
on a weekly, the price is clearly trading in a global bearish trend.
spring's covid bullish rally made the market set a higher low and triggered a bullish rally,
and it looks like a long term goal for buyers is 1.21 - 1.25 wide supply cluster.
this zone is based on 2008'th, 2010'th, 2012'th lows and 2018'th high.
in my view, a strong weekly bearish movement will most likely start from that area.
however, what makes me extremely cautious is the recent higher low.
usually, it is the first strong signal of a coming trend change.
if the above-mentioned zone is broken buy buyers, It will signify a long term bearish trend violation and start of a new long term bullish trend.
as always we can only speculate about the probabilities of both events.
but clearly decision point is close.
EURUSD: Bullish or Bearish???
hey guys,
analyzing the price action on EURUSD we may notice that:
1.14 is our current structure high
once it was reached, the price dropped to 1.123 structure support and failed to retest the high, setting a lower high.
then one more retest of horizontal support. equal lows and a new bullish movement brought a lower high again.
for now, bulls are clearly losing momentum.
with 4 lower highs in a row, each consequent bullish leg is contracting.
the price is currently testing the green support again.
being broken to the downside, buyers will most likely lose their confidence, and selling reaction will be triggered.
next goal for sellers will be: 1.115
for bullish scenario, we need a 4H violation of the last lower high level.
the next goal for buyers will be: 1.129 (previous lower high level)
both scenarios are equally possible but I am personally on the bearish side.
How about you?
EURUSD: Two Months Of Consolidation!
EURUSD is stuck within a wide indecision range since 1st of April.
if you want to know where the pair will go next, the only way to clarify it is to wait for a daily breakout.
daily candle close will show the future direction of the pair.
for now we are stuck within:
1.1 is your resistance
1.078 is your support!
EURUSD - EDUCATION - 13. JULY. 2019Welcome to DACapitalTrading, We provide any kind of Technical and Fundamental Analysis
for Forex and Crypto-Currency Markets every day!
-
1 HOUR
Sideways consolidating market conditions right now.
4 HOUR
Small bullish pullback to the upside after a bearish rally.
DAILY
Bullish waving market forming several HH / HL Structures.
OVERALL
Expecting market to break previous week highs and taking out shortterm sellers before
heading back down to average price movement at 1.12400!
Be patient and wait for reactions at our levels :)
Good luck
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Have a great week everyone!
ALAN
BRUTAL: US vs EU stock market comparison.This is no news to anyone who follows the stock market but this is just to put it in perspective how bad the EU is doing.
The euro is lagging, getting close to parity with the dollar and the stock market in Europe has gone nowhere for decades.
If you took all your money out of the Eurostoxx in '07 and put it in the S&P you would have had 3,5 times as much if you had held on.
You would have doubled your money even if you made the decision at the worst point prior to this decade.
The EU is a sinking ship and rapidly declining to 2nd world economic minipower.
Megalomaniacs try to desperately band Europe together with stitches claiming to make the EU relevant on the global stage.
Well they are failing, meanwhile Australia, New Zealand, Israel, Norway, South Korea and many others are proving that you do not need to be big to grow fast.
The election is in May, throw the bums out.
Absolute failure.
What Support Looks Like When It BreaksLooking at the m15 chart only can lead you to have the correct idea but in the wrong place.
By looking at high time frame charts you get a better picture of when a trend is in place, when a trend is no longer working or when there is no trend and we're in a range.
On the attached charts a daily time frame (top left) has a defined up trend and at 1.6700 the trend line and price meet for the 3rd time of Sept 27th. Here traders wanting to keep adding to long trade would initiate a long trade.
However by the close of the daily candle that idea is no longer valid, as the trend line did not hold as support.
Moving down through the smaller time frames we see that the days leading up to the 27th September have been consolidated into small daily moves. There is a clear line of support under these days that is clearly broken on the H1 chart etc. This equates to the time when the Daily candle approaches the rising trend line.
What we see happen next is that the broken daily horizontal support is now acting as horizontal resistance and price is trapped between this new horizontal resistance and the rising daily up trend.
When the horizontal resistance holds and the daily rising trend line are broke on the H1 candles traders waited for a quick retest and then went short. Accelerating the move.