FxWirePro
Short

Leading oscillators signal EUR/USD to extend slumps, PRBS hedges

FX:EURUSD   Euro/U.S. Dollar
321 0 1
The USD index has recouped half its post-payroll losses, though speaking about the dollar these days somewhat misses the point: idiosyncratic factors have driven cross-market correlations to such low levels that stability in the aggregate conveys little about the underlying frenzy across pairs.
On the flip side, Euro             has been collapsing from the peaks of May 2014 (almost more than 23%) although some stability was seen from mid April’15 but still there is no trace of recovery despite all attempts by euro             area leaders.
RSI (14) on weekly chart converging with falling prices (Currently, RSI trending at 43.6244). This leading oscillator has started evaluating when the prices touched 1.0885 by taking the computation of last 14 weeks periods the magnitude of recent gains to recent losses in an attempt to signifying the overbought pressures.
While %D crossover has been maintained on slow stochastic curve with every price dips (Currently, %D line at 33.3332, while %K line at 17.7829). Stochastic on monthly curve also remains in the oversold territory but proper trace of %K crossover that signifies weakness in the euro             .
Hence, we still project 1.10 for end-2015, a cyclical low of 1.08 in Q1 2016, and a slow uptick from there to 1.11 by June 2016 and 1.13 by Q3 2016.

United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out