💵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.
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Eurousd
Euro/USD buying alert readyThank you for following me 😊
EUR/USD analysis is the process of studying the behavior of the EUR/USD currency pair in order to make informed trading decisions. This analysis can be done using a variety of techniques, such as technical analysis, fundamental analysis, or a combination of both.
Technical analysis is the study of past market data, primarily price and volume, to identify patterns and make trading decisions. It is based on the idea that market trends, as shown by charts and other technical indicators, tend to repeat themselves. Technical analysts use chart patterns, such as head and shoulders and support and resistance levels, to identify potential buying and selling opportunities.
Fundamental analysis, on the other hand, is the study of economic, financial, and other qualitative and quantitative factors to forecast the future performance of a security. In the case of currency trading, fundamental analysts will look at economic indicators such as interest rates, GDP, inflation, and political events to determine the strength of a country's economy and the likely future direction of its currency.
A combination of both fundamental and technical analysis can provide a more comprehensive understanding of the market, and help traders make more informed trading decisions. Additionally, news and geopolitical events which may affect the Currency pair can also be monitored to get a comprehensive analysis.
Keep in mind, currencies are traded on the Foreign Exchange Market, also known as Forex or FX, which is the world's largest financial market and operates 24 hours a day, so the analysis and predictions may change constantly.
💵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.
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.
💵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.
💵Euro/U.S.Dollar💵Analyze (Short Term, 12/09/2022)!!!Euro /U.S.Dollar was able to break the support line.
I expect Euro /U.S.Dollar will make another zigzag correction (ABC).
The microwave A of zigzag correction can finish on the support zone.
🔅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.
Celebrating 50 Years of Financial FuturesThis is a Thanksgiving Special Report.
Swiss Franc ( CME:6S1! ), Canadian Dollar ( CME:6C1! ), Japanese Yen ( CME:6J1! ), British Pound ( CME:6B1! ), Mexican Peso ( CME:6M1! )
In May 1972, International Monetary Market (IMM), a division of the Chicago Mercantile Exchange (CME), launched futures contracts on seven currency pairs. This was the world’s first financial futures instrument, a futures contract based on something other than physical commodities.
What has made a Midwestern Exchange, known mainly for its Pork Bellies contract, a frontrunner in financial innovation?
Bretton Woods System and its Collapse
At the end of World War II, the United States and its allies created the Bretton Woods System. Essentially, it was a global monetary system governed by fixed currency exchange rates. The US dollar was backed by gold, at a fixed rate of $35 per troy ounce. Other currencies were pegged to the U.S. dollar. In 1955, one dollar was exchanged for 0.3572 British Pound, 4.2 Deutsch Mark, 3.3 France Franc, 0.986 Canadian Dollar, 360 Japanese Yen, 625 Italy Lire, etc.
Each country was responsible for maintaining its exchange rate within 1% of the adopted par value by buying or selling foreign reserves when necessary. The U.S. was responsible for maintaining the gold parity. Its big commitment was allowing anyone with $35 to exchange for an ounce of gold at the US Treasury window.
As global inflation rose sharply in the 1970s, many countries could not maintain the official peg. They responded by redeeming dollars for gold at the US Treasury window.
With US gold reserve depleting rapidly and a gold run looming, in August 1971, President Richard Nixon announced the "temporary" suspension of the dollar's convertibility into gold. This marked the breakdown of the Bretton Woods. Central banks around the world were no longer obligated to peg their exchange rates to the US dollar.
Leo Melamed and Milton Friedman
With fixed rates, there was no exchange rate risk in international trade. However, flowing rate exposes importers and exporters to significant uncertainty to the amount of dollar or foreign currency they will receive or are obliged to pay for.
Since its founding in 1898, CME has been the place where producers, processors, merchants, and commercial users come together to hedge price risks for a wide range of commodities. Leo Melamed, then Chairman of the CME, was convinced that the futures market is the solution to tackle the rise in exchange rate volatility.
Leo set up an International Monetary Market division within the CME and prepared for new futures contracts derived from foreign exchange rates. Initially, this breakthrough idea found no friends on Wall Street. According to Leo, one investment bank president tossed it out saying he didn’t want the Chicago “Pork Belly Shooters” to contaminate the FX market.
Leo met with Milton Friedman, a well-respected economics professor at the University of Chicago. Milton fully supported the ingenious design and published a feasibility study, “The Need for Futures Markets in Currencies” in 1971.
Milton Friedman (1912-2006) won the Nobel Prize in Economic Science “for his research on consumption analysis, monetary history and theory and the complexity of stabilization policy” (the Nobel Committee).
This changed everything. When Leo went to Washington to lobby the idea of listing foreign exchange futures, Treasury Secretary George Shultz said, “If it’s good enough for Milton, it is good enough for me.”
George Shultz (1920-2021) served as Secretary of State in the Regan Administration and as Treasury and Labor Secretary under Richard Nixon. He was also the Dean of Graduate School at the University of Chicago, and a good friend with Milton Friedman.
If you are interested in the story of FX futures, you may find it online and at Leo’s 1996 memoirs, “Escape to the Futures”.
Foreign Exchange Futures
On May 16, 1972, IMM simultaneously launched seven futures contracts based on the US dollar exchange rates to British Pound ( CME:6B1! ), Japanese Yen ( CME:6J1! ), Canadian Dollar ( CME:6C1! ), Swiss Franc ( CME:6S1! ), Mexican Peso ( CME:6M1! ), Deutsch Mark and Italy Lira.
Five of those original FX contracts are still actively trading at the CME. Deutsch Mark and the Lira have been delisted since Germany and Italy joined the Euro currency. The new contract, Euro/USD FX ( CME:6E1! ), becomes the most active CME FX future contract.
FX contracts saw exponential growth in trading volume in the next fifty years. In the first 9 months of 2022, average daily volume for all FX futures and options reached 983,000 lots, according to the CME Group. On November 15th, Euro FX alone traded 359,000 lots and had an open interest of 683,293 contracts.
My writings on TradingView include a number of trade ideas on FX futures contracts. Please take a look if you haven't yet.
FX Futures were the start of a “Financial Revolution” in the futures industry. The next few years saw new breeds of futures contracts, including interest rate futures between 1975 and1977 and equity index futures in 1982.
During the holiday season, I would start a series on the leaders and innovators at CME, CBOT and KCBT. They brought GNMA Futures, T-Bill and T-Bond Futures, Eurodollar Futures, Value-Line Index Futures and S&P 500 Futures to life and revolutionize the financial derivatives world as we know it today.
Happy Trading.
Disclaimers
*Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services.
CME Real-time Market Data help identify trade set-ups and express my market views. If you have futures in your trading portfolio, check out on CME Group data plans in TradingView that suit your trading needs www.tradingview.com
💵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⏰.
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 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.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
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.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
💵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.