Eurodollar
EURUSD short-term reversal (NEW)EURO vs USD lost a lot of value , however there´s a potential for a short-term reversal soon.
We can observe beautiful regular bullish divergences developing.
If the support holds, the pump is expected
Good luck
EURUSD - Exhausted yet?EURUSD.
A sharp drop followed the corrective move upside. The price is likely to resume bearish trend as we can also see five waves to the downside.
This analysis is based on the Elliott Wave Theory. Manage risk while trading.
This Chart is ScaryTraders,
As you know, EuroDollar Futures has been one of the lead indicators regarding Fed rate hike action. As the futures drop, the inverse occurs with the U.S. dollar (DXY). It goes up. Likewise, the Fed tends to respond with a rate hike in accordance with the gravity of the EuroDollar's move down. Yesterday, the drop was huge after the CPI report was released! Is this chart possibly projecting a 100 bps rate hike? I, myself, am skeptical but this is what the data may be telling us. Thoughts?
Stew
EURUSDHELLO GUYS THIS MY IDEA 💡ABOUT EURUSD is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the buyers from this area will be defend this long position..
and when the price come back to this area, strong buyers will be push up the market again..
UPTREND + Support from the past + Strong volume area is my mainly reason for this long trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
EURUSD Seven Swing Set UpIn this update we review the recent price action in the EURUSD and identify the next high probability trading opportunity and price objectives to target
EUR/USD Macron style gap up? -13/9/2022-• EUR/USD chart had a gap up during the weekend following some positive news about the Ukraine-Russia war. Reports mentioned that Ukrainian forces were able to re conquer major parts of southern Ukraine
• Markets were relieved following this news, which prompted some fresh selling for the US dollar
• Investors are keeping an eye on the headlines in eastern Europe. Some believe if Ukraine keeps on advancing, war could be approaching to an end, which would reflect positively on the pair
• Technically, short term trend is bullish, supported by a 20MA pointing upward
• Price is just at the 50MA were bulls and bears are fighting for dominance
• Bears eye a move to 1.0050 level while bulls are targeting 1.02 and beyond
• First resistance: 1.02 followed by 1.0350
• R1: 1.020; R2: 1.0350
• S1: 1.0050; S2: 1.00
Sell EurUsdEurUsd still in its downtrend channel at the daily timeframe,
Currently retesting the upper channel with a rejection at current level and retest of the previous support (demand zone) which currently is the resistance area (supply zone) at 1.0130-1.0150.
Next fall target to new low and to the downtrend channel at 0.95-0.96.
EUR/USD analysis: US-EU natural gas gap narrowsRecent moves in the EUR/USD exchange rate have been driven primarily by the price differential between natural gas in the United States and Europe, rather than by the ECB's historic rate hike last week.
Over the last 90 days, the correlation coefficient between EUR/USD and US-EU gas price differentials is 0.88, indicating a very strong relationship between the two variables.
The price of gas in Europe has decreased drastically over the course of the past week, with the Dutch TTF benchmark falling by nearly 40% from its highs of €330/Mwh to its current level of €190/Mwh. This was aided by higher-than-expected EU gas storage levels at this time of year, as well as speculation in Europe about a natural gas price cap.
When measured in dollars per million British thermal units ($/MMbtu), the European Dutch TTF is around $61/MMbtu right now, or about $53 more expensive than the US Henry Hub gas price, but significantly lower than the previous price-gap peak of $92/MMbtu.
The narrowing Henry Hub-TTF price spread from $92/MMbtu to $53/MMbtu has helped the EUR/USD rally from 0.987 to 1.011.
What next can we expect?
This week, European nations are expected to announce long-awaited energy emergency measures aimed at lowering skyrocketing gas prices and alleviating the pressures associated with a complete Russian gas shutdown.
If the market sees the announcements about energy policy as bad news for European gas prices (Dutch TTF), the spread between European and US gas prices may continue to narrow, which would sustain the euro in the short term.
However, despite the fact that the price difference between European Dutch TTF and US Henry Hub gas has narrowed, European gas is still nearly eight times more expensive than US gas. This continues to be a significant drag on the European growth outlook, thus capping the euro's upside potential in the medium term.
Idea written by Piero Cingari, forex and commodity analyst at Capital.com
Breaking UP! Eurodollar Futures.Is the Eurodollar giving us some hints into the mind of JPOW and the fed?
Going Long on M6E Little scalpHello
Her it is a little scalp on M6E
I expect the Market will try to fill The FVG0 The we will see a run going long to fill The FVG1 and maybe the FVG2 too, im going long and my target its FVG1 the easiest one
EURUSD | ECB - Interest Rate! How can it affect the EURUSD?EURUSD | ECB - Interest Rate! How can it affect the EURUSD?
As we have seen during this period of time EUR is suffering a lot of
losses.
And to be honest Europe it is not the only economy that is suffering the
economic problems.
However as all the countries EUROPE will take the second step to help on
this economic recovery.
Considering the Monetary policy statement it will be crucial for this even.
The first move should or expectations should help the price to reach the first target.
For the other targets we should see how aggressive ECB should be today.
Thank you and Good Luck!
EUR/USD Daily Chart Analysis For September 9, 2022Eurodollar has completed Interim Rebound and continues to hove near the 1.000 threshold by closing slightly below critical Mean Res 1.005. The Key Sup 0.9880 and our open Inner Currency Dip 0.9852 continue to be the main target, with further expansion to the Next Inner Currency Dip 0.9570 and the lower mark is in the making.
The primary trend remains bearish on EURUSDEURUSD - Intraday - We look to Sell at 1.0131 (stop at 1.0207)
The primary trend remains bearish. We are assessed to be in a corrective mode higher. Bespoke resistance is located at 1.0150. Resistance could prove difficult to breakdown. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Our profit targets will be 0.9952 and 0.9900
Resistance: 1.0150 / 1.0370 / 1.0800
Support: 0.9950 / 0.9800 / 0.9700
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
US Dollar Probable TopUS Dollar has broken out of a bearish rising wedge after a long negative divergence. Competition against the dollar is also finally ramping up and it doesn't seem like the dixie has priced that in yet. It then makes sense that the target for the wedge goes below a 7 month trend line.
eurusd long setup I think we are going to see a pullback on the weekly time frame and we bounce back from the previous order block and daily and 4h structure shift bullish also. so we can assume that we can see the some higher prices
Divergence found on EUR/CAD pair 4-hourFor the last couple of months, the EUR has maintained a weak position against many of its trading partners. This includes the Canadian dollar.
The Canadian dollar has benefitted immensely from the high cost of crude, in addition to the Bank of Canada (BoC) moving much faster than the European Central Bank (ECB) to start hiking interest rates in the face of inflationary pressure.
Yesterday, the BoC enacted a 75 basis-points rate hike, its fifth post-pandemic hike. Today, the ECB is expected to deliver a 75-basis points rate hike, only its second post pandemic rate hike.
TECHNICAL ANALYSIS.
From the weekly timeframe, EUR/CAD is primarily on a downtrend. We also see a classic divergence in the Money Flow Index (MFI). The Money Flow Index (MFI) is a technical indicator that measures how money flows into and out of a security over a specified period. The MFI is an indicator that combines momentum and volume with an RSI formula. With a classic divergence, the MFI indicates a reduced volume as price trends downwards. (see related ideas)
On the 4-hour time frame, we can see that the EUR/CAD pair has been consolidating in a tight range, between 1.2891 and 1.3242. If we eye the pair’s movement within this range, it contrasts with the weekly trend. In fact, the EUR/CAD pair is up 1.8% since the beginning of the consolation period starting august 24.
If we apply an RSI on the chart, we might like to note that the recent bullish push is fast approaching the overbought bottom zone just above 1.3160. If the price level can break above 1.13178, you might expect an ever-growing resistance to upside all the way up to 1.3242.
Divergence found on EUR/CAD pair WeeklyFor the last couple of months, the EUR has maintained a weak position against many of its trading partners. This includes the Canadian dollar.
The Canadian dollar has benefitted immensely from the high cost of crude, in addition to the Bank of Canada (BoC) moving much faster than the European Central Bank (ECB) to start hiking interest rates in the face of inflationary pressure.
Yesterday, the BoC enacted a 75 basis-points rate hike, its fifth post-pandemic hike. Today, the ECB is expected to deliver a 75-basis points rate hike, only its second post pandemic rate hike.
TECHNICAL ANALYSIS.
From the weekly timeframe, EUR/CAD is primarily on a downtrend. We also see a classic divergence in the Money Flow Index (MFI). The Money Flow Index (MFI) is a technical indicator that measures how money flows into and out of a security over a specified period. The MFI is an indicator that combines momentum and volume with an RSI formula. With a classic divergence, the MFI indicates a reduced volume as price trends downwards.
EURUSD Euro 20-year lowIf you haven`t shorted the EURUSD here, when i was telling you that
"The European Union rely on Russia for almost 38% of their imported natural gas;
Germany gets about 50% of its natural gas and coal from Russia, and a third of its oil;
German economy was by far the largest in Europe":
The you should know that the Euro plunged to a fresh 20-year low as investors fretted about the energy crisis.
Russia will not restart gas supplies to Europe through a key pipeline until western sanctions are lifted.
OPEC+ unexpectedly decided to cut output in October by 100,000 barrels a day.
My target for EURUSD pair is 0.9673.
Looking forward to read your opinion about it.
Primary trend remains bearish on EURUSDEURUSD - Intraday - We look to Sell at 0.9970 (stop at 1.0033)
The primary trend remains bearish. A firmer opening is expected to challenge bearish resolve. Resistance is located at 0.9980 and should cap gains to this area. Preferred trade is to sell into rallies. Further downside is expected.
Our profit targets will be 0.9826 and 0.9800
Resistance: 0.9980 / 1.0320 / 1.0800
Support: 0.9825 / 0.9750 / 0.9700
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
💵Euro/U.S.Dollar💵 Analyze (Short term)!!!Euro/U.S.Dollar is running in the Heavy Support zone and Support line.
I expect that Euro/U.S.Dollar will go up to the Resistance zone in the next hours.
🔅Euro/U.S.Dollar Analyze (EURUSD) Timeframe 1H⏰
🟢Heavy Support zone🟢:1.000$ until 0.9895$
🔴Resistance zone🔴:1.01392$ until 1.0089$
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.
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