Euro / U.S. DollarShort
ECONOMIC CRASH (PART 1), anticipatory
MARKET OVERVIEW
Recent data analysis highlights a significant concern regarding the EUR/USD market. With historical precedents and critical market behavior, the possibility of a global economic decline of -16.38% seems probable. This aligns with currency fundamentals where EUR (Financial Capital) and USD (Currency Capital) maintain critical global influence.
The EUR/USD market currently reflects bearish sentiments, with technical and fundamental indicators aligning toward potential downside risks. This is a pivotal time for traders to implement robust strategies, safeguard equity, and leverage automated tools for precision execution.
Key Technical Levels
Pivot High: 1.16164
Resistance: 1.13835
Support: 0.89311
Pivot Low: 0.86321
Oscillators:
Relative Strength Index (RSI): 42.91 (Neutral)
Momentum (10): -0.03028 (Sell)
MACD Level (12,26): -0.00416 (Sell)
Stochastic RSI Fast: 16.42 (Neutral)
Moving Averages:
EMA/SMA (10): Sell
EMA/SMA (50): Sell
EMA/SMA (200): Sell
Ichimoku Base Line: Neutral
Anticipated Market Behavior
Given the alignment of bearish technical indicators and economic projections:
Recent data analysis highlights a significant concern regarding the EUR/USD market. With historical precedents and critical market behavior, the possibility of a global economic decline of -16.38% seems probable. This aligns with currency fundamentals where EUR (Financial Capital) and USD (Currency Capital) maintain critical global influence.
The EUR/USD market currently reflects bearish sentiments, with technical and fundamental indicators aligning toward potential downside risks. This is a pivotal time for traders to implement robust strategies, safeguard equity, and leverage automated tools for precision execution.
Key Technical Levels
Pivot High: 1.16164
Resistance: 1.13835
Support: 0.89311
Pivot Low: 0.86321
- Trend Analysis: The overarching "Big Picture Curve" reflects a long-term downtrend, strongly indicative of a potential market crash.
Oscillators:
- The oscillators currently show mixed signals, with a bias toward downtrend
Relative Strength Index (RSI): 42.91 (Neutral)
Momentum (10): -0.03028 (Sell)
MACD Level (12,26): -0.00416 (Sell)
Stochastic RSI Fast: 16.42 (Neutral)
Moving Averages:
- All moving averages point to a downtrend, reinforcing the bearish outlook:
EMA/SMA (10): Sell
EMA/SMA (50): Sell
EMA/SMA (200): Sell
Ichimoku Base Line: Neutral
Anticipated Market Behavior
Given the alignment of bearish technical indicators and economic projections:
- A break below 0.89311 (Support) could accelerate a larger move downward, potentially confirming a secondary crash scenario or what I like to call a FAMINE (That'll be Part 2).
- Conservative traders should watch resistance at 1.13835, with invalidation of bearish outlook above 1.16164.
Professor C. E. Ward
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Professor C. E. Ward
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.