💵Euro/U.S.Dollar💵Analyze (10/03/2022)!!!Euro /U.S.Dollar moved as I expected ✅👇
Now, Euro /U.S.Dollar is running near the middle line of descending channel; at the same time, it was able to make an Evening Star Candlestick Pattern (reversal pattern).
I expect Euro /U.S.Dollar will touch the lower line of descending channel at least.
🔅Euro/U.S.Dollar Analyze ( EURUSD ) Timeframe 4H⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Dollareuro
$EUR/USD - Euro Putin a Tight Spot (short-term)Are Elliott waves pointing to a military incident in Europe?
Gotland is a Swedish island in the middle of the Baltic Sea , commanding a key strategic position. In 1915 , the Battle of Gotland was a crucial moment in The Great War , with the navy of the German Empire being defeated by that of the Russian Empire . Assisting the Russian navy that day was a British submarine. It’s fair to say that such an allied arrangement is unthinkable today.
Sweden has just sent troops to Gotland to shore up its defenses as alarm over Russian belligerence grows. This is a significant development and ups the ante in the stand-off between NATO ( the North Atlantic Treaty Organization ) and Russia . Tensions in Eastern Europe have been rising for the last few years as it became clear that President Putin of Russia was intent on re-establishing , if not the land mass, then certainly, the psychology of the Russian Empire . The 100,000 Russian troops parked on the border with Ukraine is testament to that . With NATO-Russian talks at a stalemate, the jungle drums of conflict are getting louder.
If there were to be a military incident in Eastern Europe, then most people would think that the European Union euro would fall in value, at least initially. Such is the conventional causality thinking. It often seems like this when an event happens, but if we look closely, then a lot of the time we can see that Elliott waves were pointing to the financial market movement before the event took place . Check out the chart of the Turkish lira versus the U.S. dollar and you will see a very distinct triangle , pointing towards a weaker lira, ending in June 2016. In July 2016, a military coup was attempted in Turkey coinciding with a big slide in the lira ( I remember a Turkish economist colleague of mine at the time being completely unable to comprehend how the financial markets might be able to somehow anticipate an event like that ).
Right now , the Elliott wave count for EUR-USD is suggesting that either a decline is underway immediately, or that a marginal new high above 1.1483 is required before a multi-big figure tumble.
Could this coming depreciation of the euro coincide with a military incident in Eastern Europe?
Do not be surprised if it does!.
A very beautiful moment. Pay attention!📝 EURUSDI would like to say a few words about the European currency. We are currently seeing 2 falling wedges, one of which is yet to be completed.🖋
This gives me the opportunity to assume that the price movement trajectory will be exactly in accordance with the chart, in case of a delay at the current level, at least for 2 candles.
EUR/USD
I love you all❣️💋🥂
Follow me so you don't miss anything😉
EUR/USD TECHNICAL ANALYSISEUR/USD TECHNICAL ANALYSIS
September 2/2021
Dollar weakens against the Euro causing the bulls to dominate the EURUSD currency market.
So far this week trading session as recorded a bullish gain of over 95% twice larger than the previous week trading profits.
Market participants are however the key factor behind the bullish moves that was recorded in the market. And apart from the traders reactions to the positive price action. market volatility was said to have sky rocket during the trading sessions.
In general support and resistance level were closely observed as they determine the Main area of value for taking a position, and for the case of EUR/USD Support and resistance level has indeed make trading decisions a lot easier.
While going down to the market analysis in terms of technical and indicators analysis you will clearly see that on the 4 hr time frame market has been displaying a continuous bullish flag indicating that the bulls are in charge of the market. Yet it should be noted EUR/USD price is aiming a target towards bringing price to the July 20 most recent highs. Hence market participants are in response to it actions.
In addition to this, if price should hit this level forex traders must be ready to take their profits because at this point the market will be in an overbought condition, likewise the RSI indicator is presently above 60.
Trading recommendation EURUSD is likely to be facing a resistance at 1.18812 hence a good trading decision will be to close any position upon reaching this level.
To prevent yourself from suspicious brokers I choose WikiFx to research brokers:
USDEURAs expected, the Fed will continue its quantitative easing program to keep long-term interest rates very low, despite encouraging signs of recovery. Tighter monetary policy would make the dollar more attractive to investors . Nonetheless, keeping interest rates low amid an improving US and global economy is a good recipe for the greenback to continue falling.
Dollar will lose its value against the EuroCup and handle formation EUR/USD.
We are having a backtest and strong support zone on 1.15 zone.
Stoch RSI is at lowest point on the weekly chart.
We do also have a 50-200MA bull cross which will bring us to 1.32 levels (cup and handle target).
When the Covid-19 is over and people start spending, Money is going to flow and we will see high inflation.
Not only the Dollar but the Euro will also lose its value against real money (Gold/Silver) because of the money printing.
This is not an investment advice.
Brrrrrrr and its effects on DXYHi Traders
Where could the fall of USD find at least a break?
When looking at the monthly charts one of the blue areas could potentially be a place to find a bottom. But if we look closer then we realise that the red marked areas (the lows of 2008 and 2011) are not so unrealisticly either. We see a very bearish candle for this month and also the Brrrrrr of the FED will most likely continue.
Therefore the value of the Dollar will most likely fall at least until the end of this year. After the elections there will be a new situation to analyse.
EURUSD: Rising channel in big trend (UPDATE)EURUSD H1 chart (This analysis is an update to the analysis dated May 28, 2018)
With the continuation of the Ascension, a new rising hill can be expected.
The first target is 17.4xx and there is not much time left for broke to trendline
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
I'm sorry for the impaired expression..Just watch the chart, not what I write. :)
PS make sure you give me a like, If you LIKE this analysis .... If you like most of my analyzes, FOLLOW me .
EURUSD : Big falling channel analysis, support and resistances (May 28, 2018)
EURUSD : Big falling channel analysis, support and resistancesEURUSD H1 Chart
The big falls are formed with small rising in the channel.
When we examine the current situation, the idea is that the downward trend will continue.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
I'm sorry for the impaired expression..Just watch the chart, not what I write. :)
PS make sure you give me a like, If you LIKE this analysis .... If you like most of my analyzes, FOLLOW me .
EURUSD Possible formations with supports resistors for LONG (1W)You can see support and resistance in the weekly chart.
I also plotted the formation of a possible formation.
It's risky if price down to the red zone from the yellow zone!
It can go down to the bottom.
Below you can see the general status on the monthly chart.
Support and resistance zones are important
It is not an investment recommendation.
Eur/Usd holding for NOWThe Euro has changed from an uptrend to range bound in the short term. We may be seeing the end of the strong uptrend that the Euro has been in or a complex PB but I'm leaning towards the end. The Dollar is still on its hike cycle with three hikes predicted this year and should be strong but with all of the turnover in office and ongoing talks about Russia we have yet to see it in this pair. I'm inclined to believe Trump may be trying to stay in the headlines on purpose as he has made no attempt to hide the fact that he wants a weak dollar. Now with the last two rally's almost being identical at 302 pips and 288 pips respectfully, marked on the chart. Look for the Euro to continue back towards the trendline and supply area of 1.22.
As always do your own due diligence.
Keep Calm and Trade Forex.