Good day, dear investors and colleagues traders!
To your attention, an analytical look at the currency pair #Eurusd:
Comment_for_went_week:
The currency pair demonstrates excellent volatility which cannot but please speculators. If the week before last was marked by an increase in the euro by 452 points, then this week the currency pair fell by 330 points.
This week is characterized by a weakening euro by 2.96% and a decrease in amplitude to 374 points (R.coef) from 515 points.
"A decrease in volatility may turn out to be a temporary factor, since market participants must correctly evaluate all the monetary incentives received. However, in the short term, the demand of investors for liquidity like M1 will play a decisive role."
Technical analysis:
Globally (D1):
The increase in volatility has not changed the global picture in the currency pair. We got an extension of a previously downstream channel.
Now, the downward channel range is 8 figures, but according to incoming data, we should see the attenuation of this amplitude.
We expect the currency pair to be configured to test the downward border at 1.06.
Locally (H1-H4):
The pair is moving in a downward channel, breaking the up-trend of last week and now the movements are due to correctional Fibonacci levels.
Mathematical resistance and support levels for this week:
a) Resistance: 1.1470;
b) Support: 1.0615;
Indicative_analysis:
* Leading indicators: Demonstrate the potential for buying a currency pair, but this is only the first hint of a reversal.
* Indicators of price behavior: The price is returning to "normal", however, for an accurate decision to be made, it is necessary to see the situation at 9:00 Moscow time.
* Trend indicators: show trend-down which are shown on local charts.
Final recommendations:
If the price shows stabilization at the opening of trading on Monday at 9:00 Moscow time, our short positions will be liquidated and we will try to open long positions with short stops.
If the market continues to decline at the opening of trading on Monday, we will continue to hold our sale on the currency pair from 1.1080.
The positions of the WMCI Asset Management Indirect Management Fund are always available for online monitoring.
If you are interested in cooperating with us and also if you need a link to public monitoring, please contact us by email: wmci.messagecenter@gmail.com.
Regards to subscribers,
Ltd ”Wermelgion and Partners Investment”
!Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks.
Ltd ”Wermelgion and Partners Investment” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
To your attention, an analytical look at the currency pair #Eurusd:
Comment_for_went_week:
The currency pair demonstrates excellent volatility which cannot but please speculators. If the week before last was marked by an increase in the euro by 452 points, then this week the currency pair fell by 330 points.
This week is characterized by a weakening euro by 2.96% and a decrease in amplitude to 374 points (R.coef) from 515 points.
"A decrease in volatility may turn out to be a temporary factor, since market participants must correctly evaluate all the monetary incentives received. However, in the short term, the demand of investors for liquidity like M1 will play a decisive role."
Technical analysis:
Globally (D1):
The increase in volatility has not changed the global picture in the currency pair. We got an extension of a previously downstream channel.
Now, the downward channel range is 8 figures, but according to incoming data, we should see the attenuation of this amplitude.
We expect the currency pair to be configured to test the downward border at 1.06.
Locally (H1-H4):
The pair is moving in a downward channel, breaking the up-trend of last week and now the movements are due to correctional Fibonacci levels.
Mathematical resistance and support levels for this week:
a) Resistance: 1.1470;
b) Support: 1.0615;
Indicative_analysis:
* Leading indicators: Demonstrate the potential for buying a currency pair, but this is only the first hint of a reversal.
* Indicators of price behavior: The price is returning to "normal", however, for an accurate decision to be made, it is necessary to see the situation at 9:00 Moscow time.
* Trend indicators: show trend-down which are shown on local charts.
Final recommendations:
If the price shows stabilization at the opening of trading on Monday at 9:00 Moscow time, our short positions will be liquidated and we will try to open long positions with short stops.
If the market continues to decline at the opening of trading on Monday, we will continue to hold our sale on the currency pair from 1.1080.
The positions of the WMCI Asset Management Indirect Management Fund are always available for online monitoring.
If you are interested in cooperating with us and also if you need a link to public monitoring, please contact us by email: wmci.messagecenter@gmail.com.
Regards to subscribers,
Ltd ”Wermelgion and Partners Investment”
!Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks.
Ltd ”Wermelgion and Partners Investment” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.