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Eurodollar

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.
by TopChartPatterns
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.
TVC:DXY
by WatsonsView
💵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.
Short
by pejman_zwin
2
EURO/USD: GOOD RALLY COMING IN.After a long devastating rejection since January 2021, the EURO/USD finally resurrected from the dead. Note: This analysis is in a 2-monthly timeframe so do not consider this a short-term trade setup. A -22.85% rejection from the resistance was brutal for the EURO/USD in the long-term view. After almost 2 years, the EURO/USD has bounced back from a historical supporting trendline. This looks good from a long-term perspective and I believe we may see some positive moves in the coming new year. In a lower timeframe(3-6 hours), the EURO/USD is dropping down which is quite obvious and it must be a bearish situation if you are a bull and you are scalping or playing in the short-term market. Overall, EURO/USD looks good for now. What do you think? Share your views in the comment section. Trade safely.
Long
by Dexter_The_Trader
2
💵Euro/U.S.Dollar💵Analyze (Short Term, 12/19/2022)!!!Since Euro/U.S.Dollar attacked the resistance zone several times, and finally, a fake break happened, I expect the uptrend line to break in the coming hours, and Euro/U.S.Dollar will move towards the support line. 🔅Euro/U.S.Dollar Analyze ( EURUSD ) Timeframe 1H⏰. 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.
Short
by pejman_zwin
1