●● Mine scenario OANDA:EU50EUR
If you are interested in trading on the euro area economy, you can use this index. The EURO STOXX 50 reflects the dynamics of the largest and most liquid 50 shares in the euro area. The rapid decline in the wave (C) that gave rise to the COVID-19 pandemic was...
EUR/USD has recently broken below some key technical levels of support such as 1.2050. Recent USD resilience could wane over the next few days as positioning in euro cleans up. Coming into January, many managers had the reflation bet on, which encompasses the long EURUSD trade. This trade caught them wrong-footed, and many managers squared out during a period of...
Hello everyone, I have two possible plans for the euro in dollars if the resistance of 1.21680 is broken.
We will see 1.22600 in the first target and 1.23400 in the next targets. In this range we have a heavy resistance if it breaks We will see the 1.24500 target, but if the resistance is not broken we will return to the 1.22600 range
Short idea, few things to keep an eye on.
It seems that the EUR is conforming a breakout on the monthly. A decent sign for the recovery of the global economy for 2021, as exporting nations are given the advantage of bouncing back post-covid. However, I do not think that the Euro will sustain above the 2018 highs of 1.25 in 2021 for few reasons.
-> The EU...
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...
With the agreement of the fiscal deal for the Eurozone, things are starting to look more positive for the monetary union. The much unloved EUR could finally have some good days in the months ahead.
EUR has pierced through the bottom of the monthly Ichimoku cloud. Should it succeed to close above the cloud in the months ahead, things should start getting...
OUR VIEW OF EURUSD, POSSIBLE BULLISH CONT. TO THE 1.20'S
MA'S CROSSED UP
WEEKLY PRICE CLOSE REJECTION OF THE LOWS
BULLISH PRICE PATTERN
SHOULD THE OPPOSITE OCCUR, AND A BEARISH TREND BEGINS THEN WE WILL LOOK
FOR A RETEST OF MARCH 9TH HIGH 1.15 (THIS CAN HAPPEN LATER)
FEEL FREE TO COMMENT BELOW...
Do or Die !!
In Monthly TF Chart, EURO Has been forming Falling Wedge Pattern.
At the Moment, Facing 12yr Downtrend Resistance ( Last 3 Times Got Rejected)
Today is the Monthly Candle Closing So If Next Monthly Candle Open Below the Trendline, Expecting Bearish Wave.📉
If Candle Closed Above the Trendline, EURO Bulls Might Pump in Coming...
Here is the EUR chart only -
note these setups are to show where if price rejects we will look short -
same information below as previous post - incase traders see this instead.
We have our take on the EUR USD - a lot of speculators have seen the Euro as the stronger of the currencies against the USD which has been seen as out of favour - but this is all...
Hello traders and analysts,
Here is our take on GBP USD - the trade is active, with FX it is a moving target so we will look for an additional entry upon a nice supply up coming but will it hold? the answer is yes, so price reacted at our 0.705 and resisted - now we have a long aiming to close into the purple zone. what has changed since the last chart?
We have seen a very clear shift in the COVID-19 pandemic storyline. This means that the dollar Safe-Haven state will decrease over time as vaccines go into production, Countries handle a second wave without lockdowns and businesses go back on track towards the next economic recovery period that might take a couple of years.
1. FED Balance...
In this post we analyzed the breakdowns (breakouts) of Camarilla S4 R4 yearly pivots, so called yearly floor and roof levels and what impact those rather significant events had on EURUSD weekly chart. As you see, each such breakdown generated violent moves (yellow) that often lasted into the next year. If there S4-R4 violation did not generate such a move it was...