Factors Contributing to the EUR's Decline Against the USDDear Esteemed TradingView Members,
Environment
In recent months, the Euro (EUR) has experienced a notable depreciation against the US Dollar (USD), reaching parity for the first time in two decades. This decline can be attributed to a confluence of factors, including:
Economic Disparities: The ongoing economic challenges in Europe, particularly the energy crisis and the escalating war in Ukraine, have dampened investor confidence in the region's economic outlook. This has led to increased demand for the USD as a safe haven asset.
Monetary Policy Divergence: The European Central Bank (ECB) has been cautious in raising interest rates to combat inflation, in contrast to the US Federal Reserve's more aggressive tightening cycle. This divergence in monetary policies has made the USD more attractive to yield-seeking investors.
Technical Breakdown : The EURUSD pair has broken through significant technical support levels, signaling a potential shift in market sentiment. This technical breakdown has accelerated the EUR's downward trajectory.
Political Uncertainties: Ongoing political uncertainties in Europe, such as the upcoming Italian elections and the potential for renewed tensions between Russia and the West, have further weighed on the EUR.
These factors have collectively contributed to the EUR's recent decline against the USD. While the EUR's depreciation may pose challenges for European exporters, it could also benefit European tourism and make European goods more competitive in international markets. The future direction of the EURUSD pair will depend on the evolving economic landscape and monetary policy decisions in both the eurozone and the United States.
Technicals
The bottom chart shows strong bullish candle on DXY today. Furthermore, the EUR price was overbought compared to EMAs see the top chart, where price has been highly above all the visible EMAs, and the RSI printed a bearish cross on the middle pane. EUR could fall to at least an EMA20 retest, which is around the upper blue line. Persisting bearishness could find the next support at the bottom blue line. These blue lines are historic supports, which could stop or reverse bearish progress.
Disclaimer:
This is not investment advice. Conduct your own research. This publication explains only one aspect of my approach, not my comprehensive strategy. The idea focuses on observations around the price action; reading the indicator descriptions is recommended for understanding of the calculations.
Kind regards,
Ely
Dailycandle
What's so interesting about CUB?Hello,
The stock we are going to look at today is City Union Bank. Looking at the long-term chart on the daily candle, this stock is mostly moving in an upward direction. I have explained this banking stock well and clearly. Must watch video before investing.
Thanks & regards,
Alpha Trading Station
Disclaimer: This view is for educational purpose only & any stock mentioned here should not be taken as a trading/investing advice. We may or may not have position in the stocks mentioned here. Please consult your financial advisor before investing. Because Price is the "King of Market"
BTCUSDT Daily Analyze / 21 Apr 2021Hi dear followers,
We are here with Bitcoin's first daily analysis
As you can see after Bitcoin's 18 April dump which price opens at 60000$ and falls up to 50931$ (In Binance Exchange), Two others daily candles 19 and 20 April closed above 55k.
Case with more probability:
According to this we expect to see next day movements to see touching 60K again in 21 April's candle (today)
Case with lower probability:
On the other hand if 21 April's candle closes under dynamic support (yellow trend line), We will consider 50K support as next target level
We will publish daily Bitcoin's analysis candle by candle
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UN Daily Candlestick Analysis So far I am 1 for 2 in my daily candlestick analysis. My accuracy has now hit 50% if this fails and I fall below 50% accuracy, I will discontinue this segment.
UN Daily Candlestick Prediction Here is my promised UN candlestick prediction by the day. So far I am 1 for 1 on my estimates, once my accuracy falls below 50% I will discontinue this segment of my analysis. If you are following UN, stay tuned for a first ever fundamental analysis. Don't believe I am 1 for 1? Check out the linked publication.
Daily Candlestick Prediction for UNThis is my daily candlestick prediction for UN. This series will follow my main analysis of UN and continue until my accuracy falls below 50%. Stay tuned!
Bitcoin's Daily Close Will Provide The Directional BiasPlease leave a LIKE if you enjoy the analysis
Making this simple :
The highest close since the bottom has been on March 20 at $6210 (green line).
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Lowest close since the increase has been on March 22 at $5710 (red line).
A daily candlestick with a close above the green line suggests the price will move upwards, while the opposite is true for the red line.
USDCAD - DOWNSIDE CONFIRMATION ON DAILYWe have decided to publicise this trade to help out with the Tradingview community, we recently published a buy trade for GBPUSD on the monthly which is currently doing very well. Today we want to bring USDCAD to your attention, which has confirmed downside below the 200SMA after holding above it for a short period.
A death cross is looking likely in regards to the 50 / 100 SMA, which will follow with a proper death cross on the daily when the 50 and 200 SMA's cross. The only way this can be avoided is with USDCAD having huge upside and holding back above the 200sma within the next week or two; which we don't think is likely considering the impending downside due for the US Dollar index.
BearishEngulfing Candle @ EURUSD sets my bias until.....its invalidated by candle "un-engulfed" the bearish candle @ 1.1700. The beauty of planning trades is that we can always project, predict, anticipate the perfect price action that your head can paint in your imagination, but quite often it comes out differently. But that is ok, very often it creates opportunites to trade the bounces.
I am more leaning towards EURUSD bearish, however I am keeping an open mind that the market decides to keep their Euros Long positions hence refer to the upside projection.
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