The 50-day Disparity Index shows a hidden divergence on the EURUSD that has formed over the past 2 months. It's easy to say that the euro's bearish trend is strengthening ever since the high made at $1.103 on Monday, but it's important to highlight the fact that the presence of such a bearish divergence will likely lead to a break of March's lows ($1.046) with...
Strengths:
-Enhancement The ruble by 18% from 2014 lows against the euro and dollario .
-Stock exchange ( MICEX ) since the beginning of 2015 to + 16 %
-Large Margin recovery for the ruble to reach the pre-crisis levels of June 2014 .
-Rate Interbank Repo 14% cut in view of the revision of reducing inflation (target 2017-4 % )
- Bond 10y 12%
- Bond corporate...
The EURUSD is at an interesting point. If we zoom out to the monthly and look at the overall trend we can price has been in this downward channel since 2008. However, more interestingly we can see the black ascending trend line which has been testted twice. Once in 2000 and once in 2001. Both times price has failed to break it.
Both these lines cross at around ...
EURUSD has seen a significant drop after the rally that occurred during the Greek elections.
This formed a bigger picture demand zone for the EURO.
The intermediate supply zone highlighted has a lot of PA in the area, so it may only hold through one retracement back to the level.
The next time price gets to the bigger picture demand zone, it will be the first...
Fundamentally, the euro is not looking so good. But I always trade what is on my charts . Price has formed a Bat pattern and also a cypher pattern (credit goes to user eXcess0070 for informing me there is also a cypher possibility)... Hidden Bullish divergence on the RSI tells me maybe the Euro is not completely done and have some fight left in him. . PRZ zone is...
