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EURUSD Weekly Volatility Analysis 19-23 Dec 2022 EURUSD Weekly Volatility Analysis 19-23 Dec 2022 We can see that currently the implied volatility for this week is around 1.4%, DOWN from 1.53% from last week With this in mind, currently from ATR point of view we are located in the 1st percentile. Based on this, we can expect that the current weekly candles ( from open to close ) are going to between: Bullish: 1.089% movement Bearish: 0.966% movement At the same time, with this data, we can make a top/bot channel which is going to contain inside the movement of this asset, meaning that there is a 30% that our close of the weekly candle of this asset is going to be either above/below the next channel: TOP: 1.075 BOT: 1.043 Taking into consideration the previous weekly high/low, currently for this candle there is : 65% probability we are going to touch previous high 1.0735 35% probability we are going to touch previous low 1.0435 Lastly, from the technical analysis point of view, currently from Weekly timeframe indicates 26% BULLISH trend from the moving averages index Daily timeframe indicates 80% BULLISH trend from the moving averages index 4H timeframe indicates -13% BEARISH trend from the moving averages index
by exlux
EURUSD - possible near end of wave 5Looking at the chart of the euro futures contracts we may spot a possible Elliott Wave Pattern labeled as 1 to 5. It is a potential impulse wave that may soon come to an end. The theoretical resistance for wave 5 is set by 161,8 Fibonacci expansion of wave 1 placed at the end of wave 4. If this area is defended the market may retrace back as potential wave A in a larger corrective movement. Then the first theoretical target may be located at the lower limit within the channel or even at the low of wave 4. ________ Daniel Kostecki, Chief Analyst Conotoxia Ltd. Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CME:6E1!
by Daniel_Kostecki
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