Good afternoon, dear reader!
We offer you a technical analysis of the currency pair: #EURUSD
Comments last week:
The currency pair was in great demand last week among investors, as macroeconomic statistics and news reports were as positive as possible.
She continued to be in the global trend, which is marked in blue and even has already gone beyond its scope, which may prompt bidders about higher volatility in the near future.
As a result of the week, the currency pair grew by 205 points.
According to the results of the past month, the currency pair increased by 163 points.
Technical analysis:
H1 (Technical) -H4 (indicative).
Today, the pair is in all possible ascending channels, from mini-time frames to global ones.
Indicative analysis provides the following information:
1. There is oversold currency on 1-hour and 4-hour time frames (located in the zone of potential sales).
2. The price behavior indicator shows that the price is in an excess zone with respect to its average 4-day trend (located in the zone of potential sales).
Global variables:
• Volatility: Weekly = 77 points // Monthly = 88 points // Quarterly = 79 points.
• Trends:
55 - day SMA continues to decline;
100 - day SMA continues to decline;
200 - day SMA continues to decline;
• Range Ratio: 275 points (Growth from 207 points).
Possible scenarios:
a) The most possible scenario of the dynamics for the current week is the correction of the currency pair to the lower boundaries of the local up-trend.
- For this scenario, consolidation below 1.1141 is required.
In this case, the first target will be the lower boundary of the Low-Time Up-Trend, in case of breakdown, an important level will be 1.1000. On this indicator, we offer market participants to take a break.
b) Meanwhile, it would be a mistake to discard the option of currency pair growth to interrupt all mathematical indicators.
- In case the day consolidates above 1.1141 - we can see an increase to 1.1173 and possibly to 1.1300.
Recommendations:
- Until the pair closed the day above 1.1141 sell from levels close to it.
- In case the currency pair closes above 1.1141, buy with stops 1.1080.
- Naturally, in the event of a false breakdown, it will be necessary to reverse the position.
Best regards!
"Wermelgion & Partners"
!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 & Co” 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.
We offer you a technical analysis of the currency pair: #EURUSD
Comments last week:
The currency pair was in great demand last week among investors, as macroeconomic statistics and news reports were as positive as possible.
She continued to be in the global trend, which is marked in blue and even has already gone beyond its scope, which may prompt bidders about higher volatility in the near future.
As a result of the week, the currency pair grew by 205 points.
According to the results of the past month, the currency pair increased by 163 points.
Technical analysis:
H1 (Technical) -H4 (indicative).
Today, the pair is in all possible ascending channels, from mini-time frames to global ones.
Indicative analysis provides the following information:
1. There is oversold currency on 1-hour and 4-hour time frames (located in the zone of potential sales).
2. The price behavior indicator shows that the price is in an excess zone with respect to its average 4-day trend (located in the zone of potential sales).
Global variables:
• Volatility: Weekly = 77 points // Monthly = 88 points // Quarterly = 79 points.
• Trends:
55 - day SMA continues to decline;
100 - day SMA continues to decline;
200 - day SMA continues to decline;
• Range Ratio: 275 points (Growth from 207 points).
Possible scenarios:
a) The most possible scenario of the dynamics for the current week is the correction of the currency pair to the lower boundaries of the local up-trend.
- For this scenario, consolidation below 1.1141 is required.
In this case, the first target will be the lower boundary of the Low-Time Up-Trend, in case of breakdown, an important level will be 1.1000. On this indicator, we offer market participants to take a break.
b) Meanwhile, it would be a mistake to discard the option of currency pair growth to interrupt all mathematical indicators.
- In case the day consolidates above 1.1141 - we can see an increase to 1.1173 and possibly to 1.1300.
Recommendations:
- Until the pair closed the day above 1.1141 sell from levels close to it.
- In case the currency pair closes above 1.1141, buy with stops 1.1080.
- Naturally, in the event of a false breakdown, it will be necessary to reverse the position.
Best regards!
"Wermelgion & Partners"
!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 & Co” 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.