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EXY

EUR WEAKNESS TO COME (EXY monthly view)Hi All, We have been trading the EURUSD all year with a strong bias towards the downside. Looking at the monthly "EXY" Euro currency index we can clearly see a strong momentum building to the downside (falling wedge cycle). Observing the latest economic climate highlights the worsening slump within the EU bloc. With the ongoing Brexit and Germany looking towards a recession and with key EU zones weakening we can only see further weakness in the EU looming.
TVC:EXYShort
by ForexTradingRoom
EXY: How far down? EXY is one of the most important indexes which had been investigated as parallel key in EURUSD or other pairs. As it can be seen at graph, there is three important scenario based on three important historical resistance! Regardless of that, It seems this parameter fallen in to one of the resistence. Elliot wave behavior and Price action phenomenon, say to us, C leg can be formed after a lot of increasing in MACD. If that happens, we shall expected this behavior: ****increasing in EURUSD + collision to high resistence+decreasing in EURUSD. Thank you.
TVC:EXY
by UnknownUnicorn4530878
EURGBP SHORTShorting opportunity on EURGBP pair. Bullish on sterling I believe it will appreciate significantly in coming weeks and months. Technicals - Price have reached 61.8% fib level on bigger move lower MACD shows divergence loosing bullish momentum on DAILY TF RSI overbought with divergence. 1st support level 89.1 that I belive will be broken and will act as resistance after that 2nd support 0.88 and final target 3rd support 0.865 with fib confluence. 4:1 RRR 300pips Good Luck
Short
by TG_Advisory
When everyone selling, why not buying it? risky trade.In an hour, ECB is going to make a statement on the interest rate and also economic slowdown. The market is expecting the dovish statement and EURUSD dropped. Right now it is around the support zone area of 1.1122 I personally plan to enter with very good risk/reward ration of 6.60 because it is a high-risk trade. Market makers already shorted euro and if ECB makes a decent statement on economic euro can spike quickly. Remember that huge market manipulation can also happen, so I am only risking what I am willing to lose.
Long
by Purvee
Euro index #EXY #ECX #EURX - bullish on 1M TFEuro index EXY is bullish on 1M TF according to momentum indicators. EXY looks also bullish on 1D TF, but bearish on 1W TF. In September I expect bottom formation and a bullish cross forming on MACD and WaveTrend oscillator. %K line (blue) of StochRSI has already crossed above %D (red) which means that a buying signal has been generated on 1M TF. StochRSI %D will move above 20 and more bullish momentum will build up which will start the next bullish cycle in EXY which could bring it to the next swing high to about €121 - 117 somewhere between Nov 2020 - May 2021. If there is enough strength from the bulls this will lead to falling prices in commodities like oil, gold and silver (measured in EUR). Commodities will start to raise again after mid of 2021 when EXY losses its strength again. This should be considered in technical analysis of commodities.
TVC:EXY
by PatMoar