Get started

EU

EXY - oversupplyEuro index chart. Monthly. Price is driven by global supply and demand. And what we are observing, is a clear oversupply of euro (all selling) and weakening demand (less international interest in euro) on universal scale. Buyers failed to break the supply line and April opened below the demand line with a gap. Top Absolute Correlation 1 EURUSD - USDX -96.8% 2 EURUSD - USDPLN -95.8% 3 EURUSD - USDCZK -92.7% 4 EURUSD - EURSGD 88.9% 5 EURUSD - EURCHF 86.7% 6 EURUSD - USDSGD -81.6% 7 EURUSD - USDHUF -79.9% 8 EURUSD - EURJPY 78.7% 9 EURUSD - EURCAD 74.7% 10 EURUSD - HK50 70.5%
TVC:EXYShort
by ICFX
EURUSD TD outlook for 4 hrsThat is how we see it, pretty simple. One can use ATR stop for stops (pretty accurate tool), which is based on average true range (the input can be changed). The broken demand line is more important than descending one (trendline value is measure by the number of consequent highs or lows above the extremums). I saw some of you draw a descending triangle but by TD rules we can not make a triangle, because there is no relevant TD point below the top TD P5. We have 2 horizontal levels below on the way which price has to get through (with struggle of course) and to retest those after the breaks (!). DM projection sends price into the "free fall zone". We will see. Good luck! THIS IS NO FINANCIAL ADVISE. You are solely responsible for you trading decisions:) Top Positive Correlation 4 hrs 1 EURUSD - NZDUSD 83.2% 2 EURUSD - AUDUSD 80.5% 3 EURUSD - GBPUSD 79.7% 4 EURUSD - AUDJPY 78.2% 5 EURUSD - US2000 75.8% 6 EURUSD - GER30 74.9% 7 EURUSD - SPA35 73.7% 8 EURUSD - AUDCHF 71.3% 9 EURUSD - FRA40 70.7% 10 EURUSD - AUDSGD 69.3%
Short
by ICFX
2
EURUSD TDN3 breakdown validI know it is hard to understand this if you do not study the "The New Science. Technical Analysis" (1994) of T. DeMark and "Methods of Wall Street Master "(1991) of V. Sperandeo on trends and trendlines . But price is projected to drop to 2000 lows with retest of the last minor demand line which we are about to break (with its consequent retest that is likely to follow). It is sad that most of modern traders still live before 1990s, engaging in shamanism, art and intuition (and worst, imposing their subjective art on others) when there are proven scientific methods of price prediction. I am not the best new science analyst but that is what I identified and is pretty obvious. Top Absolute Correlation 1 EURUSD - USDX -96.8% 2 EURUSD - USDPLN -95.8% 3 EURUSD - USDCZK -92.7% 4 EURUSD - EURSGD 88.9% 5 EURUSD - EURCHF 86.7% 6 EURUSD - USDSGD -81.6% 7 EURUSD - USDHUF -79.9% 8 EURUSD - EURJPY 78.7% 9 EURUSD - EURCAD 74.7% 10 EURUSD - HK50 70.5%
Short
by ICFX
DM breakdown validHere I did 2 DM projections as regard where EURO index is gonna land. There are 3 ways to do DM post breakout projections. 1. From uppermost shadow to the trendline - works 60 % 2. From the shadow of a candle with highest close to the trendline - works 90 % 3. From the highest innermost shadow to the trendline - works 90 % Then you just clone the measurement to the breakdown point and project it. Very simple. Good luck! Top Absolute Correlation 4 hrs 1 EURUSD - USDCHF -99.1% 2 EURUSD - USDHUF -97.2% 3 EURUSD - EURHUF -94.6% 4 EURUSD - USDSEK -94.4% 5 EURUSD - USDSGD -94.1% 6 EURUSD - AUDUSD 94.0% 7 EURUSD - USDCNH -93.5% 8 EURUSD - US500 93.2% (S&P 500 Index) 9 EURUSD - AUDCAD 92.5% 10 EURUSD - GBPUSD 92.5%
Short
by ICFX
breakdown on GU,EU key points on them good morning traders, so this is a little breakdown on GBPUSD and EURUSD and what i'm looking at for the upcoming weeks, there's a lot of room on both pairs and now we just need to wait for the time or the confirmation before we take them, don't get the fear and greed of missing out as this can play on your feeling and emotions with trading we don't want this, be the best you can be and follow what price is telling you, fear will crush you in the long run learn to be patience and wait for its hands first i hope this helps and would love to know what you guys think all stay safe and have a great weekend!
by LucasMatthew
4
EURO on the edge of historical collapseTradingview hides EURUSD absolute low of early 1985. Even Investing.com will not reveal it to you. Investing.com provides a close for 1985 and possibility to draw a trendline. You can see it using Fxtop.com historic chart and then use investing.com to draw that trendline. But that historic trendline runs the way I plotted now - the right end is even slightly lower. At any case March monthly shadow did test it - hence the violent bullish reaction from the European Central Bank. At this point it is hard to make any technical prediction because we are dealing with the European Central Bank which can easily push the price. But we are on the very edge of historical trendline. If APRIL candle closes below that trendline that will change EURO history for years to come - a close below will break 1985-2020 EURUSD uptrend (by modern definition of technical analysis) that lasted 35 years. Even we move below that trendline in April it is still not guaranteed that we will stay there. April monthly close below is necessary and May candle (being bearish) has to validate that as well. But I will not be surprised if this breakdown occurs considering the situation in the EU. Even on small April volume EURO keeps flying down. ECB can push the price but not control it.
by ICFX
3
EU: Potential Short SqueezeCould the USD lose some momentum with preliminary job-loss claims coming? Expected to see up to 2 million people claiming unemployment for March... The FEDs last move to introduce unlimited QE and buying of corporate bonds could be showing a limited affect.. A short-squeeze could be coming - acting as a retracement for the drop that occurred from 1.1500 I entered long at 1.07750 - looking to take profit at or around 1.10650 -First level for bulls to break at 1.08100 I keep a pretty tight stop, so if price breaks and closes below 1.07700 I'll close position and continue short trend. *trade at own risk -Krecioch
Long
by Krecioch
3
EURUSD - predestined to fail?Is this the destiny of EURO? Just to let you know, I never trade Forex so my analysis may be totally wrong. Still the economic situation is interesting and we should keep an eye on the EU and it's EURO. The EU has uncertainties all over the place and the EUR looks more and more like a currency predestined to fail. Imagine what the consequences would be for whole Europe. And once again, looking back to the days when the EU was founded, Switzerland took tons of criticism but made the right decision to stay out of it. EUR was heavily rejected and the chart looks terrible. I expect this one to drop to 90 cents. Happy trading!
Short
by Thierry88