To illustrate today's analysis, I propose a model of statistical discrepancy on currencies, in order to justify who is the real leader of the financial markets, which seem to accuse a global pre-slowdown of the financial markets. So I gathered a basket of generally aggressive currencies to which I oppose them to a basket of defensive currencies; After algebraic ...
... Before finding a convincing bottom.
Listed Spain, Fance, Germany, Denmark, Sweden and Finland divided by 6 and by euro index.
Not trading advice, just an idea to see new points of view to the situation.
The Euro is at a key level and a .618 fib. If we have a close above 113/114 for the month of December, I'll be leaning towards Bullish momentum for the beginning of 2019.
It has formed a weak falling wedge shape on the monthly, but a falling wedge none the less.
Analysis for this is pretty simple, majority of it can be explained on my chart.
Eur Index and Usd Index Chart Comparison Indicate Us some correction in EURUSD Pair. USD Index Near to fibo 78.6 area and EUR Index Near to 23.6 area. So EURUSD Might Have Some Upward corection to 1.1500 or 1.1720 area..
looks like i've stumbled across some decent levels to enter from here. and with bitcoin poised to recover i like my overall analysis that the USD will fall and most other currencies will perform well during this time.
Alright guys, If you have noticed price amongst all EURO pairs they are all near resistance levels (price action) indicating a few drops amongst the pairs, but not all of them. I decided to look at the EXY, which is an index of the EURO currency to decide the next major EURO move. Im going to trade EURUSD in accordance to what I am seeing with the EXY. EURUSD Im ...
German gas prices has risen to the highest level since 2014 despite oil 1.80% prices collapsing. This is indicative of inflation?
The ECB has yet to raise rates and the longer the wait the more extreme the inevitable rate hike could be. This could make the EURO 0.02% explode in value as people buy it up to pay back debt and what not. Who knows.
The last few days will be crucial for the financial markets, in particular, the currency market, the bond market, and the stock market. Particularly with the large-step approach of the mid-term elections of the American president. Some believe that if Republicans manage to keep the House of Representatives and by increasingly establishing a majority, the prices ...