💵Euro/U.S.Dollar💵Analyze (Short Term, 11/15/2022)!!!Euro /U.S.Dollar was able to make Ascending Broadening Wedge over the heavy support zone.
I expect Euro /U.S.Dollar will go down at least to the support zone.
🔅Euro/U.S.Dollar Analyze ( EURUSD ) Timeframe 15min⏰.
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Eurousd
Euro Crash. ( Updated ) O.o
We update the analysis of the Euro that we have already done on other occasions. I think it's very easy to see what happens here.
- Bearish Channel, bouncing off institutional support or resistance zones, but with a dark future. Where the highest probability will be to see the Euro again at $0.85 very soon in 2023 (as we discussed in previous analyses) but also after a break of perhaps 1 and a half years of setback and relief. We will be able to live a new strong Fall until the year 2026 where we could see a Euro in values of $0.75 and finally for the year 2030 a fall of up to $0.64 to $0.56.
As we can see, it is NOT safe to maintain any currency other than the USD, since this is the dominant one, but the dollar does not protect us. The dollar is very damaged with a loss of more than 98% of the purchasing power of citizens over the years, but within all currencies it is the STRONGEST.
- On the other hand we will be able to see that the projections for the rest of the currencies are also horrendous, with which it will not be an isolated case only for the euro. We may see a Pound (GBP) at $0.85 by 2026 and up to $0.50 by 2030 if the trend DOES NOT CHANGE. And if he hasn't done it in all these years... why should he now?
- At the same time we can observe the currency of Japan (Japanese Yen) This currency seemed to be quite respected against the dollar, but that is over. We are facing a macro figure of change in trend. (A pattern known as the Inverted Headshoulder, + Bottom Round + Past Trend Break + Trend Reversal Confirmation by Breaking Previous Relative Highs)
It is time to worry and go. We are about to witness a loss of Value with respect to the dollar of at least 50%, 60%, 70% and the Japanese Yen up to values of 150% (in case of breaking the levels of 160) from June of the year 2021 until the year 2030
💵Euro/U.S.Dollar💵Analyze (11/02/2022)🏁!!!
Euro/U.S.Dollar was able to make a Bearish 🏁Flag🏁 Pattern in a 15min timeframe.
It seems Euro/U.S.Dollar broke the lower line of the bearish flag pattern.
I expect Euro/U.S.Dollar will go down to the targets that I specified in my chart.
🔅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.
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EURUSD Monthly Forecast Movements 1-30 November 2022 EURUSD Monthly Forecast Movements 1-30 November 2022
We can see that for this month, the implied volatility is around 3.57%, increasing from 3.5% of last month.
This is currently placing us in the 88th percentile according to ATR and 92th according to EVZ
Based on this percentile calculation, on average the monthly movement for the candle(from open of the candle to the close of the candle) is:
BEARISH Candle : 2.126%
BULLISH Candle : 0.984%
With this in mind we can expect with a close to 24.4% probability that our close of the monthly candle is going to close either above or below the next channel:
BOT: 0.953
TOP: 1.022
Lastly, based on the calculations that we had for touching the previous candle high and low values, we can estimate that there is a :
72% chance that we are going to touch the previous monthly high of 1.0088
25% chance that we are going to touch the previous monthly low of 0.963
SHORT EURUSDEURUSD finished its correction phase and reached the upper downtrend channel and retested the resistance (supply) zone at area 0.9890 -0.90 area with three rejections.
Currently a double top is forming and a break below 0.9650 will lead to neckline break and to reach a new low at the lower downtrend channel at area 0.93.
SHORT EURUSD - UPPER DOWNTREND CHANNEL & RESISTANCE AREA REACHEDEURUSD looking to have finished its correction phase back to the upper downtrend channel and resistance (supply area) at 0.9890-0.9990.
If rejection and no break of the upper channel of the downtrend channel, then it will be confirmed downtrend continuation and into the downtrend channel (new low) and into the next demand and support area at 0.90-0.93.
💵Euro/U.S.Dollar💵Analyze (9/26/2022)!!!Euro/U.S.Dollar has been running in descending channel for about 235 days.
Euro/U.S.Dollar is in the heavy support zone and near the lower line of descending channel + PRZ(Price Reversal Zone).
I expect that Euro/U.S.Dollar will go up at least to the middle line of descending channel.
🔅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.
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💵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.
DXY, Up to 121 ?DXY is inside a rising channel in monthly time frame and probably will reach to upper bond of channel.
As it is clearly shown in monthly chart , DXY has broken long term major down trend line and there is no major static resistance on it's way up to 121 ! . The only resistance which may be able to push it down is upper bond of mentioned channel ! Can these resistances make confluence at 121? Exciting !.
Daily time frame chart with focus on recent moves shows an up trend line with 5 hits with latest hit being the 5th. A bullish divergence was also formed between stochastic indicator and the chart. Unless seeing failure conditions, every evidence in multi time frame analysis is in favor of more upside move which signals more strong dollar.
I hope this analysis to be helpful and wish you all the best.
🟢 EUR-USD - 1D (21.09.2022)🟢 EUR-USD
TF: 1D
Side: Long
Pattern: Falling Wedge
Leverage: 5x
Entry: Between $0.97974 and $0.99063
SL: $0.97974
TP 1: $1.00816
TP 2: $1.02164
TP 3: $1.03253
TP 4: $1.04342
I think this down trend will come to an end soon.
4H has double bottomed and monthly giving buy signal.
The Euro Must Hold the Line at a 99.99 Cents *Continued*The EURO is still holding above the very important level of 99.99 Cents and it looks like it still wants to go up to recover the levels it lost during the rapid and heavy amounts of selling it got last week..
If it breaks back above the RSS trendline i think we will begin the move back up to complete the harmonic BAMM.
Sell EurUsdEurUsd still in its downtrend channel at the daily timeframe,
Currently retesting the upper channel with a rejection at current level and retest of the previous support (demand zone) which currently is the resistance area (supply zone) at 1.0130-1.0150.
Next fall target to new low and to the downtrend channel at 0.95-0.96.
EUR/USD analysis: US-EU natural gas gap narrowsRecent moves in the EUR/USD exchange rate have been driven primarily by the price differential between natural gas in the United States and Europe, rather than by the ECB's historic rate hike last week.
Over the last 90 days, the correlation coefficient between EUR/USD and US-EU gas price differentials is 0.88, indicating a very strong relationship between the two variables.
The price of gas in Europe has decreased drastically over the course of the past week, with the Dutch TTF benchmark falling by nearly 40% from its highs of €330/Mwh to its current level of €190/Mwh. This was aided by higher-than-expected EU gas storage levels at this time of year, as well as speculation in Europe about a natural gas price cap.
When measured in dollars per million British thermal units ($/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
EUR/USD Technical BreakdownEURO / DOLLAR; Technical Breakdown (Long)
So, as you can see we've had a depletion at 0.98800 where price failed to break the lows and printed a clear inverted head & shoulders
After the third bounce of the trendline, I was expecting price to break through, indicating price is reversing
We have clear / well respected support / resistance zones marked out, indicating where price is likely to go after breaking bearish market structure
Now, for me personally, I'd like to see price come back to the golden zone between the 61.8 & 78.6 fib levels to give the best / highest probability set up whilst maximising our reward to risk
You may have noticed these fib levels also line up with the trendline, a strong area of support (0.99250) as well as the neck line of the inverted head & shoulders
However,
This set-up isn't guaranteed, but, if price does come back to this zone, I will be looking to take buys as soon as we have 3 rejection candles on the 5m or 15m timeframe
We may even have a rejection of the 0.99750 level which price has previously respected as support, but again, in my eyes, the best set up which we as traders should all wait for is the highest probability set ups which to me is the deeper pullback to that 0.99250 level.
Hope you enjoyed that technical breakdown on EU. Let me know what you guys think about this pair.
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.
💵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.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
💵Euro/U.S.Dollar💵 Analyze (Short term)!!!Euro is running in microwave 5 of main wave 5; I expect that Euro will go up(short term) from the end of wave 5 zones that I showed in my chart.
Also, we can see the Regular Divergence (RD+) between Price and MACD/RSI Indicators.
🔅Euro/U.S.Dollar Analyze ( EURUSD ) Timeframe 1H⏰
🟢Heavy Support Zone🟢:1.000$ until 0.995$
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.
$EUR - Be prepared...!$EUR - Be prepared...!
$EUR - What a mess!
We've shifted gears this morning.
Fundamental reasons as I stated in my previous posts and various others there is no good data coming out of EUR. Now as you look across the board its DXY move and you have precious metals, crypto, Indices and majors under pressure. This could continue! However, further insight will be happening at Jackson Hole. Which is another event to see what Powell has to say - Dovish or Hawkish. Europe shot themselves in the foot when it comes to further sanctions, as Europe overall heads into an energy crises. Germany & French electricity prices keep climbing, hit fresh records. German year-ahead power is on a nine-day rising streak. Contract rose 1.4% to record 545 euros per MW/h. Europe year-ahead coal futures climbed 2.1% to a record $311.50 a ton, and the river Rhine having issues due to low levels and lastly German producer prices on record (+5.3% MoM). It really doesn't look very pretty at all!
Have a great weekend,
TJ