Today i'm going to post TA regarding LONG on EUR/USD ratio which will continue with increment EURO OVER US Dollar for several reasons.
Impact on US economy starting from Jan.30th was 40.000 billion USD (as SPX index fell from 3400--->2200) index points.
Then FED started to print and print money which (as we all know doesn't have coverage in gold since...
📌 STOXX 50
The purpose of the operation here is a clean and simple 5-3-5 sequence to the downside which means the lows are still exposed to another flank attack from those accompanying bears.
This is a very important few weeks and months for volatility and in a roundabout way we must take...
bearish sentiment because of the descending channel, shorting the rejection
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Vue générale :
Hier le marché a déjoué mes projections, j’ai repris mon décompte pour arriver à une séquence plus cohérente. Le DXY en forte baisse depuis le 15/10 semble confirmer un environnement favorable à une poussée de l’euro.
Nous sommes au début d’une C haussière, la fin de la B est validée à la fois par la...
The price has respected the black line and when up at least 50PIPS, also the purple zone was respected before as a ceiling recently therefore I believe the price will respect the zone as a floor and go all the way up and reach the targets.
El precio ha respetado la linea negra anteriormente y ha logrado subir al menos unos 50PIPS, la zona morada...
After gapping down at the weekly open, the Euro tested 1.18300 (last weeks high) after a FBO of the consolidation range (1.18100-1.18200). The market then dropped into the 4 hourly support region (1.17800-1.1800) and has retraced to the lower end of our initial consolidation range (1.18100-1.18150). According to our fibonacci wave count, a rejection of this...
Last week we have opened our bullish position on this pair after we discovered that the Elliot wave corrective structure has ended, Now we continue this bullish move so far the confirmation level is attained.
Our minimum target for this buy is 1.2000 psychological number.
FRANCE HAS THE HIGHEST DEBT LEVELS ON EARTH!
ITALY HAS ARGUABLY THE SLOWEST GROWTH ON EARTH ADJUSTED FOR INFLATION AND GOVERNMENT DEFICITS!
THEIR LARGEST BANKS REFLECT THIS! BOTH ARE APPROACHING THE KEY 5$ LIQUIDATION PRICE!
OF COURSE, IT IS FAR FROM RIDICULOUS TO SUGGEST THESE BANKS WILL NOT BE ALLOWED TO FAIL, AS THEY POSE SYSTEMIC RISK TO THE ENTIRE GLOBAL...
THE DOLLAR WILL SHOW STRENGTH HEADING INTO THE ELECTION!
A PERIOD OF EXTREME VOLATILITY WILL FOLLOW!
THEN A 2021 BEAR MARKET FOR THE RECORD BOOKS!
ON A TECHNICAL BASIS, THE DOLLAR WILL COME INTO CONTACT WITH THE 200-DAY MOVING AVERAGE!
IT WILL ALSO FILL THE 0.618-0.786 SWEET ZONE!
THE RECENT 8.205$ CORRECTION WAS SIZABLE AFTER THE PRICE OF SILVER ALMOST TRIPLED IN LESS THAN 5 MONTHS!
THIS IS MOST LIKELY DUE TO THE VAST AMOUNT OF NAKED SILVER SHORTS UNLOADED ONTO THE COMEX MARKET BY BULLION BANKS!
THIS IS A GOOD PRICE TO RE-ACCUMULATE HOLDINGS OF SILVER!
THE 26-32$ PRICE RANGE OFFERS CONSIDERABLE SUPPLY, BUT WHEN IT HAS BEEN ABSORBED BY...
Euro followed perfectly is downtrend from 2008.
Rejections on Red Circles :
- ATH 1.60$ (2008)
- Rejection Fibo 78.6 at 1.50$ (2008)
- Rejection Fibo 61.8 at 1.40$ (2018)
- Rejection Fibo 38.2 at 1.25$ (2018)
- Rejection on Trend at 1.20$ (2020)
The demand is is growing around 1.14$.
if this correction is correct the next Leg after a breakout will push...
Overall there is bad data out for U.S. and the Euro zone. The bad data might not stop yet as we will be continuing seeing bad economic data in 2019 as global growth slow down.
USD and JPY is known as safe heaven, and could be the reason we have seen large moves in the JPY over the past couple of weeks.
U.S 30 year mortgage rate declined to 4,75% and could give...