Something to think about:) This what EURO index is telling me. Of course this thing is not EURUSD or EURGBP or EURJPY but it gives an idea what EURO is doing as standalone asset vs 3 major global currencies. The DM breakout of the last descending supply line is of some concern of course but it was not a good quality breakout (sidewise). Poor breakouts generate...
EURO exposed against the basket of 3 major world currencies. Monthly chart. Trendlines drawn through valid TD points after New Science of Technical analysis.
EURUSD chart might provide false information. You have to look also at Euro currency index (against the basket all major currencies) to understand what is happening. Demark pivots are very accurate when it comes to power balance. As for today EURO still remains in monthly bear market. It is struggling against both monthly and weekly resistance.
Eurusd will continue his bearish movement until 1.0269, for this analysis we use the following charts : 1. Eurusd 1D chart - still Bearish, see pic for resistance & support 2. Dxy 1M - still Bullish, next resistance 109.18 (dollar market-wide liquidation) 3. Exy 1M - clear Bearish, next support 98.4 4. Eurusd 1M - hard Bearish supported by strong sell volume,...
EXY = euro currency index is falling now then after next 2 days will be go up now its in correction phase
Will EXY continue to the upside or take a detour back and take a final test at the lower trend/support line? EXY is a main player this week in our trading pairs.
Hello, this week 24-28 EXY will long? What Do you think my analysis please let me know your comments ans stay with me. Thanks
1.06110 is the opening for my trade for this pair. with an extreme undervalued EURO, the chance is big for a push where eurchf can see the benefits of it. we see multiple support on the blue box and the price started to move sideways. the real movement will show up in the upcoming weeks.
eurchf testing the double bottom and making some good horizontal movement before making a bullish outbreak. With eyes on the EXY, is the chance big that we can expect a bullish impulse for the EUR pairs. watching this pair closely for a good swing trade.
We noticed that the EURO was falling for the past two years. Now we see why. the major downtrend of the EURO is almost at the end. I expect personally some reversal signs at the end of this week and the upcoming two weeks. this will push the EURUSD and the EURJPY higher. The Eur will probably surge for the upcoming few months. this will push the DXY significantly...
EXY - Euro to 133+ Euro only fell because the dollar was so strong in strength. Dollar is on a descending curve which will take it to the 80 area.
19:31:26 (UTC) Thu Feb 6, 2020
Geo-Political Analysis Headline risk out of Asia has been the Coronavirus. The Shanghai composite dropped along with iron ore, reaching their daily limit and risk aversion. Interesting enough this wasn’t spilled over to FX markets which I think stem from traders staying out of the market prior to the amount of event risk inhabiting traders to what could be...