EUR/USD Daily Chart Analysis For Week of January 20, 2023The euro-dollar continuously stayed close to our newly created Key Res $1.086 this week and displaying a solid movement towards Outer Currency Rally $1.110 as specified in EUR/USD Daily Chart Analysis for December 30. However, be aware that this puppy is prone to breaking downwards to Mean Sup $1.078 and possibly $1.070 to reignite upward action Outer Currency Rally $1.110.
Eurodollar
AW Euro Dollar Analysis - Could Wave C Have Just Completed?In this video I attempt to explain the recent choppiness we have seen in the Euro.
I recommend only trading these moves if you have good risk management and really understand what the waves are doing.
This video serves to help you prepare for what the next few weeks will bring.
Trading these next few moves could prove to be fairly profitable as bear market rallies can produce significant moves in less time.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
FESX1!: MACRO TO MICRO CORRECTIONS / TRAJECTORY / EUREX MARKETDESCRIPTION: In the chart above I have made my best attempt in attempting to provide a MACRO VISUAL AID for the current state of the EUROPEAN MARKET.
POINTS:
1. DEVIATION was estimated using highest point of 5500 POINTS & LOWEST POINT OF 2000. POINTS were summed and divided by 2 giving an average and same was done for all other SUPPORTS (WHITE LINES).
2. SUPPLY & DEMAND POCKETS were placed accordingly in regards to deviation and in respect to NATURAL CHANNEL MOMENTUM.
3. NOTICE HOW MACRO CORRECTIONS OCCURRED BEFORE 2009 WHILE MICRO CORRECTIONS TEND TO OCCUR IN A MORE CONSISTENT CHANNEL AFTER 2009.
4. RSI also agrees with PAST MASSIVE CORRECTIONS & ONGOING MICRO CORRECTIONS.
5. RSI PATTERN THAT IS FOUND TO BE AT LESS OF AN INCLINE EQUATES TO A MORE STABLE MARKET RALLY.
*IMPORTANT: IF CONSISTENT PATTERNS ARE ANYTHING TO GO BY RSI INCLINE INDICATES THAT CURRENT MARKET RALLY SHOULD END AT OR AROUND JANUARY 2024. DESPITE THIS CURRENT RSI IS OVERBOUGHT AND IS LOOKING TO RETEST.
SCENARIO: WITH CURRENT OVERBOUGHT RSI LEVELS AND A RECENT REJECTION OF 4188 POINT FUTURE PRICE ACTION CAN SEE SOME DOWNTREND WITHIN CURRENT CHANNEL BEFORE WE COME TO SEE A JUMP INTO HIGHER SUPPLY & DEMAND POCKET. WITH THIS SAID 3900 IS A CRUCIAL LEVEL TO HOLD IF WE DON'T WANT TO SEE HEAVY DOWNSIDE.
FULL CHART LINK: www.tradingview.com
EUREX:FESX1!
EUR/USD -19/01/2023-• Daily EURO/DOLLAR chart, zooming out back to 2021, where the 1.5 year downtrend started
• Short term, trend is bullish, higher highs higher lows
• Rising wedge forming, a bearish reversal pattern
• Resistance levels becoming support levels, a clear sign of an uptrend
• However, looking at the big picture changes the outlook a little bit
• Drew Fibonacci retracement levels 50% and 61.8% of the long term downtrend
• 50% level is around 1.09 and 61.8% is around 1.1225
• Bulls are now fighting to break the 50% level, without success till now
• Last area of defense for the bears is the 61.8% critical correction level
• If 1.1225 level stays intact, the pair will resume the long term downtrend
• Only if bulls manage to break the above level, we can safely say that the long term trend reversed and we are in a bullish market
Simple Trading. So I'm a simple guy with a very simple idea.
Price moves between areas of volume. As an example over head supply is very important to my views of markets.
It is very easy to spot as you can look at higher time frames such as Weekly and Monthly. Then look at where it moves up and down through time. In the image below I show a black line to show where overhead supply starts on Euro Dollar at the time of writing (18/1/23).
At these points I simply look for the market to create more ovehead supply. Which looks like break of trend.
AW Euro Dollar Analysis - Long Trade If You Dare...I don't really recommend this long trade due to the choppy nature of the expected prices action.
In saying that no one ever knows what these markets are capable of.
If you really want to know why I say that, then I suggest you check out the video in related ideas, it explains everything.
There is a fair chance that this could get you into the larger move to the upside that's coming but that's at your own risk.
Sometimes it's better to trade one move first and then wait for a proper entry.
Aggressive Entry Point: At the open, at market price.
Safe Entry point with less reward: 1.08652
End of Wave iii target: 1.10152.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
AW Euro Dollar Analysis - It's Time to Get Serious...Using the conclusions from all of the analysis from the past week, it's time to understand what is happening at the smaller degree.
I have been wanting to post a Euro idea so badly in recent times, but I felt like I couldn't do it justice until now.
So here we are, and I have a really in-depth video about what the waves are doing here.
I have carefully sifted and sorted through all the possibilities in order to make this video awesome.
In a nutshell, we are long the euro from current levels but in order to trade Wave 5 of Wave E you will need to stay tuned.
We are currently in Wave (C) of a Wave 3 zig-zag for Wave E which is the last wave in this Wave 2 correction to the upside.
Try and say that fast 10 times.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
EUR/USD Daily Chart Analysis For Week of January 13, 2023Technical Analysis and Outlook:
The euro-dollar has bounced strongly from Mean Sup 1.052 as specified EUR/USD Daily Chart Analysis for January 6. The prevailing up path to the newly created Mean Res $1.070 and Key Res $1.078 is completed with the eye towards Outer Currency Rally 1.1100. However, be aware that this puppy is in the process of breaking downwards to newly formed Mean Sup $1.070 to reignite upward action as specified above.
💵Euro/U.S.Dollar💵Analyze (Short Term, 01/13/2023)!!!🌊First, I think you should take a look at the January 11th post to get a better perspective on today's analysis.👇
As I expected the Euro /U.S.Dollar to rise to the resistance zone and complete the end of the main wave 5, now I expect the Euro /U.S.Dollar to decline at least to the end of the main wave 4 and EMA 50 (Daily TF).
🔅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.
EURUSD LONG BIAS (UPDATED!)Hello Everybody!!! :)
Hope you are doing well!
I have updated EURUSD for you guys! I've realised that many people seem a bit confused as to why EUR is so bullish!
I hope you enjoy the analysis, and capitalise on this setup!
Any questions, Ideas, or objections please DM me or comment down below!
Take care! :)
💵Euro/U.S.Dollar💵Analyze (Short Term, 01/11/2023)!!!🌊Euro/U.S.Dollar is completing the main wave 5, while the main wave 3 was an extended wave.
I expect the Euro/U.S.Dollar to decline at least after reaching the resistance zone until the end of the main wave 4.
🔅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.
EURUSD Top - Shorting The Bearish ImpulseEURUSD is on the verge of starting a sell-off.
I am expecting in Impulse Wave in Minute C (red).
The greenback (DXY) should be able to commence a Bullish Retracement.
EURUSD under pressure.
My Euro-Dollar Technicals:
* Ending Diagonal in Intermediate (C) (white)
* Complex Double Three Correction
* Hidden Bearish Divergence
* Harmonic Pattern: Bearish Cypher in Minute b (red)
* Double Top Pattern
* 88.6% Fibonacci Retracement
* 161.8% Fibonacci Extension
EURUSD SELL Signal:
* Entry @ 1.06910
* SL @ 1.08700
* TP1 @ 1.0500
* TP2 @ 1.0280
* TP3 @ 1.0140
* Safety Measure: when in the green, moving SL to BE.
* Sell Stops on the way down, after pull-backs.
Many pips ahead!
Richard, the Wave Jedi.
EUR/USD in a lovely rangeThe algorithm has found an interesting pattern in EUR/USD.
Red in chart
After the break of the previous channel the price has corrected a 61,8%, the fibo level but this is also the previous zone of supports and resistances. If that's not enough, it's also the last level with accumulated volume, if we move to 1,08 the volume disappears which would be the perfect storm for a rally until the zone of 1,12 where we should expect offer again.
Green in chart
To see the rally to 1,12, a fast break of 1,08 must occur. So having enyrty postitions over 1,08 could be an interesting strategy with a good risk reward ratio.
Blue in chart
The model predicted this area as a key level to stop rallying due to multiple reasons:
1. Prior supports and resistances.
2. High volume accumulation, meaning that offer is probably waiting here.
3. 61,8% fibo level.
4. High band of the new uptrend channel.
After this lateral market started dec 15, the break could firstly occur in the downside, breaking the support of 1,06. If this occurs a small double top pattern would be confirmed and we should see the price to 1,04 soon. This level would be key to see if we are still in a lateral correction of this uptrend.
Inflation is NOT over in 2023(Opinion)
As the monetary policy of the dollar grinds forward in 2023, our last fed meeting left us with Jerome Powell promising us more rate hikes as 2023 moves forward. How realistic is this though?
With things like energy, food, and just about anything cost you can think of skyrocketing in price throughout 2022 and continuing to move up in 2023, it really seems like inflation is still in full effect, regardless of the DXY. Not to even factor in the increasing amount of car, home and other asset repossessions happening in the U.S. and around the world. National salary's averages are not being properly accounted for to fight inflation and the average person with a bank account has lost money in the market since the 2008 financial crisis. Our national debt and debt per tax payer is unfathomable (see U.S. Debt Clock). Where does this all lead to?
On our 1-Week chart of the DXY is showing us a massive floor on the CM_Williams_Vix_Fix_Finds Market Bottoms. We're seeing a massive floor from the 1-Day chart as well.
Monetarily, the Federal Reserve might get to a point where they HAVE to cut back on raising rates or risk a full on collapse of our monetary system. This will inevitably lead to a major crash in the finance or housing markets, maybe both, that could rival the great depression and have contagion effects world wide.
💵Euro/U.S.Dollar💵Analyze (Short Term, 01/06/2023)!!!Euro/U.S.Dollar was able to make a descending triangle.
Euro/U.S.Dollar broke the lower line of descending triangle.
I expect Euro/U.S.Dollar will go down at least to my target.
🔅Euro/U.S.Dollar Analyze ( EURUSD ) Timeframe 15min⏰.
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.