💵Euro/U.S.Dollar💵Analyze (Short Term, 11/15/2022)!!!Euro /U.S.Dollar was able to make Ascending Broadening Wedge over the heavy support zone.
I expect Euro /U.S.Dollar will go down at least to the support zone.
🔅Euro/U.S.Dollar Analyze ( EURUSD ) Timeframe 15min⏰.
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Eurodollar
Euro Crash. ( Updated ) O.o
We update the analysis of the Euro that we have already done on other occasions. I think it's very easy to see what happens here.
- Bearish Channel, bouncing off institutional support or resistance zones, but with a dark future. Where the highest probability will be to see the Euro again at $0.85 very soon in 2023 (as we discussed in previous analyses) but also after a break of perhaps 1 and a half years of setback and relief. We will be able to live a new strong Fall until the year 2026 where we could see a Euro in values of $0.75 and finally for the year 2030 a fall of up to $0.64 to $0.56.
As we can see, it is NOT safe to maintain any currency other than the USD, since this is the dominant one, but the dollar does not protect us. The dollar is very damaged with a loss of more than 98% of the purchasing power of citizens over the years, but within all currencies it is the STRONGEST.
- On the other hand we will be able to see that the projections for the rest of the currencies are also horrendous, with which it will not be an isolated case only for the euro. We may see a Pound (GBP) at $0.85 by 2026 and up to $0.50 by 2030 if the trend DOES NOT CHANGE. And if he hasn't done it in all these years... why should he now?
- At the same time we can observe the currency of Japan (Japanese Yen) This currency seemed to be quite respected against the dollar, but that is over. We are facing a macro figure of change in trend. (A pattern known as the Inverted Headshoulder, + Bottom Round + Past Trend Break + Trend Reversal Confirmation by Breaking Previous Relative Highs)
It is time to worry and go. We are about to witness a loss of Value with respect to the dollar of at least 50%, 60%, 70% and the Japanese Yen up to values of 150% (in case of breaking the levels of 160) from June of the year 2021 until the year 2030
EUR/USD Daily Chart Analysis For Week of November 11, 2022Technical Analysis and Outlook:
Eurodollar has rebounded strongly this week since completing our Inner Currency Dip on 26 September - Upcoming target Inner Currency Rally is at 1.038. The prevailing down move is prone to pull back to our Mean Sup 1.000 and beyond in the foreseeable future.
Is it time to buy the $EUR & Why?Is it time to buy the $EUR & Why?
As we head closer to ECB - If they are Hawkish and expected to raise rates even further, expect EUR to turn further bullish. We are at a key resistance area, now remember it isn't just ECB we focus on when it comes to EUR. Take into consideration the FOMC - Source - WSJ: Federal Reserve officials are barrelling toward another interest-rate rise of 0.75 percentage point at their meeting Nov. 1-2 and are likely to debate then whether and how to signal plans to approve a smaller increase in December.
Now, yes we understand the further they hike the stronger DXY and that leads to the majors declining. However, we may have currency war at our hands we have had BOJ - intervene, even though they don't 'state' it, we've had various other countries concerned when it comes to FOMC further hikes but as they MAY slow down 75 basis points to 25 perhaps, this is easing the pressure on DXY leading the other currencies at very key areas! If we get hawkish ECB combined with this, expect euro to go back to previous levels of: 1.0500 - 1.03600.
Technically: If we stay above these levels and go above 1.0000 handle over I do expect 1.03 to come into play. However, if we drift below 0.98500- 0.97500 then we back within range.
Lastly, don't forget to trade your own trade plan!
All the best,
Trade Journal
EUR/USD -8/11/2022-• Euro Dollar exchange rate advance as a result of diminishing bets of Fed aggressiveness and hopes of China re opening
• Rally is more Dollar weakness rather than Euro strength
• Markets await inflation figures in the US tomorrow
• Technical rally points to a corrective move rather than trend reversal
• Ascending channel forming, meaning pair is trading inside a bearish continuation flag formation
• A flag formation is a continuation pattern, which indicates a pause of the previous move, which was down
• A typical flag formation retraces anywhere between 38,2% and 50% of the previous move
• Bulls and bears are now fighting around parity which is also the 23,6% retracement level
• Next resistance is the upper level of the flag formation followed by 1.03 level (2017 low and 38,2% level)
EURUSD Targeting A 1.0284 TestTechnical & Trade View
EURUSD Bias: Bullish Above Bearish below .9890
Technicals
Primary support is .9890
Primary upside objective is 1.0284
Next pattern confirmation, acceptance above 1.00
Failure below .9815 opens a test of .9630
20 Day VWAP bullish, 5 Day VWAP bullish
Today’s New York Cut Option Expiries: 0.9800 (1.06BN), 0.9900 (201M), 0.9950 (603M),0.9970-85 (1.42BN), 0.9990-00 (1.022BN), 1.0020-25 (673M), 1.0050 (468M)
EUR USD Volatility Forecast 7-11 November 2022 EUR USD Volatility Forecast 7-11 November 2022
We can see that this week our volatility is at 1.65% which declined from 1.63% last week.
Currently according to ATR we are on 84th percentile, and according to EVZ we are on 52th percentile, indicating in both cases, that we are currently is volatile market.
Now, based on the implied volatility data that we have for this week, lets look into further details.
We can see that currently there is 21.7% chance, that our candle is going to close at the end of the week either above/below the next channel
TOP: 1.007
BOT: 0.974
This can also be translated as a 78.3% chance that the market is going to move within this established range.
At the same, looking at the previous high/low values of the candle, and taking into account the entire history available of data, we can expect that there is going to be a
70% chance that we are going to touch the previous high of 0.9985
27% chance that we are going to touch the previous low of 0.974
$EURUSD Higher Time Frame Analysis - A Huge Opportunity #EURUSDTraders and Investors,
As promised, here is the update on EURUSD higher time frame analysis. Remember the last analysis here as below and then further update?
An FCP M pattern had already been completed a few weeks ago but the price has just been consolidating. Last week it showed first signs of bullish indication. Although not very strong, these are the first signs. This pattern can lead to a very good market turning opportunity. Refer to the chart. It is self-explanatory.
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The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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EUR/USD Daily Chart Analysis For Week of November 4, 2022Technical Analysis and Outlook:
Eurodollar has completed the retest of our Mean Res 0.9965 - there is a slight possibility of extending this dead-cat rebound to Mean Res 1.0080. The current down move is prone to pull back to our Mean Sup 0.9895 and beyond in the foreseeable future.
EUR/USD BELOW GAUSSIAN CHANNELEUR/USD currently holding Support shown as S on the chart, also holding the EMAs 8 and 34.
DTF we have a Rising Wedge with a target to the WTF S as shown on the chart if it plays out.
DTF and WTF quite far from the 200SMA and Gaussian channel.
We have completed 5 Waves to the downside, followed by oversold and a bounce.
Once we take the Gaussian Channel on DTF and WTF the uptrend can continue.
💵Euro/U.S.Dollar💵Analyze (11/02/2022)🏁!!!
Euro/U.S.Dollar was able to make a Bearish 🏁Flag🏁 Pattern in a 15min timeframe.
It seems Euro/U.S.Dollar broke the lower line of the bearish flag pattern.
I expect Euro/U.S.Dollar will go down to the targets that I specified in my chart.
🔅Euro/U.S.Dollar Analyze ( EURUSD ) Timeframe 15min⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
EURUSD Monthly Forecast Movements 1-30 November 2022 EURUSD Monthly Forecast Movements 1-30 November 2022
We can see that for this month, the implied volatility is around 3.57%, increasing from 3.5% of last month.
This is currently placing us in the 88th percentile according to ATR and 92th according to EVZ
Based on this percentile calculation, on average the monthly movement for the candle(from open of the candle to the close of the candle) is:
BEARISH Candle : 2.126%
BULLISH Candle : 0.984%
With this in mind we can expect with a close to 24.4% probability that our close of the monthly candle is going to close either above or below the next channel:
BOT: 0.953
TOP: 1.022
Lastly, based on the calculations that we had for touching the previous candle high and low values, we can estimate that there is a :
72% chance that we are going to touch the previous monthly high of 1.0088
25% chance that we are going to touch the previous monthly low of 0.963