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Eurodollar

Divergence found on EUR/CAD pair WeeklyFor the last couple of months, the EUR has maintained a weak position against many of its trading partners. This includes the Canadian dollar. The Canadian dollar has benefitted immensely from the high cost of crude, in addition to the Bank of Canada (BoC) moving much faster than the European Central Bank (ECB) to start hiking interest rates in the face of inflationary pressure. Yesterday, the BoC enacted a 75 basis-points rate hike, its fifth post-pandemic hike. Today, the ECB is expected to deliver a 75-basis points rate hike, only its second post pandemic rate hike. TECHNICAL ANALYSIS. From the weekly timeframe, EUR/CAD is primarily on a downtrend. We also see a classic divergence in the Money Flow Index (MFI). The Money Flow Index (MFI) is a technical indicator that measures how money flows into and out of a security over a specified period. The MFI is an indicator that combines momentum and volume with an RSI formula. With a classic divergence, the MFI indicates a reduced volume as price trends downwards.
by BlackBull_Markets
EURUSD Euro 20-year lowIf you haven`t shorted the EURUSD here, when i was telling you that "The European Union rely on Russia for almost 38% of their imported natural gas; Germany gets about 50% of its natural gas and coal from Russia, and a third of its oil; German economy was by far the largest in Europe": The you should know that the Euro plunged to a fresh 20-year low as investors fretted about the energy crisis. Russia will not restart gas supplies to Europe through a key pipeline until western sanctions are lifted. OPEC+ unexpectedly decided to cut output in October by 100,000 barrels a day. My target for EURUSD pair is 0.9673. Looking forward to read your opinion about it.
Short
by TopgOptions
Primary trend remains bearish on EURUSDEURUSD - Intraday - We look to Sell at 0.9970 (stop at 1.0033) The primary trend remains bearish. A firmer opening is expected to challenge bearish resolve. Resistance is located at 0.9980 and should cap gains to this area. Preferred trade is to sell into rallies. Further downside is expected. Our profit targets will be 0.9826 and 0.9800 Resistance: 0.9980 / 1.0320 / 1.0800 Support: 0.9825 / 0.9750 / 0.9700 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
Short
by OANDA
1
💵Euro/U.S.Dollar💵 Analyze (Short term)!!!Euro/U.S.Dollar is running in the Heavy Support zone and Support line. I expect that Euro/U.S.Dollar will go up to the Resistance zone in the next hours. 🔅Euro/U.S.Dollar Analyze (EURUSD) Timeframe 1H⏰ 🟢Heavy Support zone🟢:1.000$ until 0.9895$ 🔴Resistance zone🔴:1.01392$ until 1.0089$ 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.
Long
by pejman_zwin
8
Joe Gun2Head Trade - Selling EURUSD into 50% Fib levelTrade Idea: Selling EURUSD Reasoning: Selling EURUSD into 50% Fib level Entry Level: 0.99920 Take Profit Level: 0.99124 Stop Loss: 1.00242 Risk/Reward: 2.47:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre
3
Falling oil prices boost Euro above parityEUR/USD 🔼  GBP/USD 🔽  AUD/USD 🔽  USD/CAD 🔼  XAU 🔽  WTI 🔽 Crude oil prices have been suppressed by optimistic reports from Iran, Iraq, and Venezuela, all showing signs of increasing oil supply to the market. As a result, WTI crude futures lost almost $5.00 to $91.64 a barrel, Brent went below $100 to $97.84. Europe's energy shortage is then partially relieved, finally sending EUR/USD above parity to 1.0012, as the market awaits Eurozone and Germany's inflation data later today. Despite recession fears, the latest US Consumer Confidence and Job Opening provides positive readings, which may encourage the Federal Reserve to extend its series of aggressive rate hikes in September. USD/CAD climbed to 1.3092, gaining over 80 pips, and Canada will also announce its GDP tonight. GBP/USD dropped from a low of 1.1627 to 1.1655, while AUD/USD fell and stabilized at 0.6851. A stronger dollar once again held back gold prices, gold futures declined to $1,736.3, currently at $1,732.60 an ounce. Bitcoin briefly lost support at $20,000 and just rebounded to $20,233.0. More information on Mitrade website.
by Mitrade_official
EURUSD Analysis Using Horizontal Support Resistance at 1.03488EURUSD currency market is still bearish. Watch for sell signals below price level 1.03488. || || Pin Bar formed at price level 1.03488 on October 9, 1989. Horizontal Level is both support and resistance at level 1.03488 beginning in May 1999 and ending in January 2000. Major price move on December 30, 2002 from price level 1.03488. Multiple touches at price level 1.03488 from December 19, 2016 to January 2, 2017. Price level 1.03488 is both support and resistance in year 2022.
Short
by TradeLive-
The concept of trend lines, support and resistance Today, I am going to explain the concept of trend lines, support and resistance. Above is the weekly chart of the EUR/USD, period between 2017 and 2022. The resistance or support level is where the price gets rejected at least twice. After that, traders can draw a line connecting those swing highs/lows, which later turn to be the resistance or support. This line can be horizontal or sloping, thus called trend line. A trend line connecting 2 lower highs or more is called descending and considered a resistance. A trend line connecting 2 higher lows or more is called ascending and considered support. Broken resistance becomes a support level and vice versa. Let's take the example chart above and explain the drawings for a better understanding: 1) In January 2017, EUR/USD bottomed at 1.0350 and has been trading above that level since then, until 2022. In the current year, the pair tested the mentioned price more than twice and bounced again. But eventually, sellers were able to break through this support, which later on in July, turned to be a resistance. Buyers tried to break through that level but failed to do so, and the price kept on going further down. 2) During the pandemic in March 2020, demand for safe assets surged, causing the Euro to trade as low as 1.0630 where buyers were met and made a quick rebound. In 2022, the Russia-Ukraine war has put a huge pressure on the EUR/USD, resulting in a strong bearish move. Sellers were able to break the 1.0630 level successfully, which later turned to a resistance level. 3) I highlighted the main 3 parallel trend lines/channels throughout the 2018-2022 period 1: A very clear lower highs/lower lows pattern indicating a bearish trend. 2: Once the 1.0630 support was met, buyers were able to create a higher highs/higher lows pattern indicating a bullish trend reversal. 3: However, in summer 2021, the pattern was broken and we started to notice trend exhaustion indicated by a failure to make higher highs and the market entered a bearish trend again inside a descending channel till present. I hope the drawings and explanations are clear. Will be happy to answer any question. Thank you
Education
by RamziAbouAbdallah-CMT
Gains should be limited on EURUSDEURUSD - Intraday - We look to Sell at 1.0043 (stop at 1.0106) The medium term bias remains bearish. There is scope for mild buying at the open but gains should be limited. Trend line resistance is located at 1.0050. Resistance could prove difficult to breakdown. We look to sell rallies. Our profit targets will be 0.9899 and 0.9850 Resistance: 1.0050 / 1.0400 / 1.0800 Support: 0.9900 / 0.9800 / 0.9700 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
Short
by OANDA
1
EURAUD- Was a Classic EntryFirst of all: Against war and sheltering a Ukrainian family so don't start with non-sense. War is BAD and we are all united against it. Personally I love Americans and Russians as well as Ukrainians the same. Hope this can END soon and no more people die so that the 'Big powers' get to get rid of their old arsenals and pay for new ones... It is Europe paying the prize. together with Ukraine off course. Let's talk forex, enough politics for now: PERFECT entry here: after so many PERFECT entries on EURUSD from 1,243: and also this PERFECT ENTRY that is eurtry long (so hedges the ones above it): and hedged with this: This set has to be one of the most Epic Forex Posts I have seen.. (this guy is good!) Back to War: Looks like EUROPEAN LEADERS will need to act fast. Not sure if Biden feels the pressure but if he doesn't get it he will run the risk of watching his allies going DOWN.... I pray for US and Russia to find common ground and get things back to where they was before because if they don't then say Hello to a new world run by China. Yes, read it again. Sweet and sour pork is fine but totalitarianism and digital yuan are not what we wish for. That or Europe could be pushed to fight Russia which is a 10% scenario that will start growing as a percentage 5% for every cold month.. October (15%) November (20%) December (30%) Broke White cold Xmas (40%), January come and read this post again.... GET SERIOUS YOU ALL, SITUATION IS ABOUT TO BECOME WORRYING IN THE 'ZONE' God help us, The FXPROFESSOR PS.Zelensky needs money to fight the Russians (and get his people killed as well, but that's secondary to him). He kindly requests that you send him Australian dollars, euros are not a strong currency any more.
Short
by FX_Professor
8
Euro remained below parity against the greenbackEUR/USD ▶️ GBP/USD 🔽 AUD/USD 🔽 USD/CAD 🔼 XAU 🔼 WTI 🔼 Despite several attempts, the Euro met resistance and remained below parity, trading flat at 0.9965. Later today, the German and US Gross Domestic Product data will be available. Meanwhile, GBP/USD fell to 1.1797 with fluctuations. China’s latest stimulus package didn’t do much to cheer the Aussie, AUD/USD dropped to 0.6906, and just climbed to 0.6941. Recession fears kept underpinning the greenback, and to a lesser extent - gold. After retreating from 1.3018, USD/CAD closed lower at 1.2965, gold futures slowly ascended to $1,761.5 an ounce. Without any breakthroughs in the Iranian Nuclear deal, oil supply stagnated and was spooked by possible cuts from Saudi Arabia. WTI oil futures seesawed from a low of $92.92 a barrel to recover at $94.89, the latest Crude Oil Inventories have decreased by over 3.2 million barrels, much high than market projections. More information on Mitrade website.
by Mitrade_official
EURO USD LONG EUR/USD LONG TO 1,35 As per technical side SANK as per 1M Stoch RSI. That factor will certainly prevail which will cause stronger EUR and regaining the ratio in a favor of EU currency. *MACD. multy cross on 1W *1M KDJ bottomed. *RSI hit the bottom on 1M timeframe. Strong EURO will make Europe less competitive and leading towards implosion in certain timeframe (strong currency, bigger export prices, unable to " compete" and participate "under same conditions". ECB made 2 stimulation packages in an amount of 500 bn + 250 bn euros in order to increase liquity. US added few trillions too, now continualy increases interest rates. As every other stornger economy, Europe will become less competitive, (gas price is 3000$) and so on. Petro dollar benefits from this, but, eventualy, US economy will collide and EU will follow.
Long
by milanjelic
13
How long will EUR/USD parity last? After the EURUSD reached and broke below parity, an analysis of the situation is in order. Last week, the euro failed to close above 1.0320 and the 50-Day Moving Average, presenting a potential bull trap and setting up the opportunity for short sellers, as illustrated by the orange circle. Although the pair broke below the parity on August 22, a decent pullback is on the table, as investors become uncomfortable with the unusual valuation of the pair. One only has to look back to July 14, to witness the pullback in the EUR/USD after an intraday probing of the parity level. Bears should remember that we might still be in the middle of a downward leg. So, the medium-term decline may extend to new depths. 0.9900 has already been tested and rejected but a more granular look at the candles might be necessary at this point. The intraday battle The EUR/USD spent most of its time consolidating below parity, organizing near 0.9930, before the London opening and strong European data was released. On the hourly chart, you can see the first of the two big blue candles forming after consumer confidence in the Euro Area rose by 2.1 points in August, from a record low of -27 in July. Consumer confidence was expected to slide further into negative territory, so the upwards revision came as a surprise to the markets. Two subsequent hourly candle wicks broke above parity to test the staying power of a below-parity EUR/USD. For now, Support is building below 0.9960. In the short term, the market might need to work a lot to take out buyers at 0.9900.
by BlackBull_Markets