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Euro (EUR) vs The Dollar (USD) Goes Nuclear, A 20 Years EventWe have parity between the Euro and US Dollar for the first time in 20 years, something completely unexpected but it is happening now as the world changes and evolves. This month took the EURUSD to a long-term support that based on technical analysis can lead to a pullback before prices continue to drop. The current EURUSD bear market has been going for 5113 days/170 months or a little over 14 years. I can't really say about timing but a pullback is due based on the technicals... On a pullback, the main target/resistance is the counter-trendline, plotted here in blue named "Falling trendline". Another possible scenario is straight down before a recovery shows up. Chart: Nuclear war? Namaste.
by AlanSantana
EURUSD - CHOPPY!EURUSD CPI print came out higher, we had bearish movement of EUR but we covered that before end of the day and now re-testing those support lows again break of these area then yes we have further bearish movement and I expect the next support areas to come swiftly in control BUT if we stay above these support areas and re-test out of those highs I expect short term bullish movement. Keep in mind the fundamentals: FEDs soon to go on black out and we have ECB next week. Now ECB they always behind, lag very much they do but could they do 1 hike rate? I mean sure recession is on the table can't really rule that out globally so overall we could be choppy until clear direction of ECB but overall DXY looks over done and when you keep an eye on 10's etc on yields it's inverting overall and that's where you've seen recession trade idea which was on my week ahead out look that can be seen via my trading view account links on YT - I stated very clearly CRUDE WTI its a recession trade, goes down less demand etc. Patience is key! TJ
by Trade_Journal
$EUR - UPDATED CHART (WHERE TO NEXT?)$EUR - UPDATED CHART (WHERE TO NEXT?) HAPPY FRIDAY! Soo...what a great week right one of my best weeks in ages great volatility for this summer as its understandable, now we do have NFP but I have ONE last remaining support for EURO to complete this inverse Cup & Handle Pattern. We could reach 0.99550 areas. Today is another new low but we do also have NFP. Any lower of those areas I expect yr 2000 - 2002 price areas to come into play - PARITY! Next week I will be looking at this pair very careful and I will be sharing in the various platforms I am part of. Also, be wise - Don't be picking bottoms.. Be careful trading out there, keep an eye on the key levels and take care! TJ
by Trade_Journal
EUR/USD hits parity as short-term rate differentials widenThe euro-dollar pair ( EUR/USD ) achieved parity today, an occurrence not seen in nearly two decades (November 2002), as a fresh energy crisis in Europe threatens the onset of a recession. It's been a rough year for the euro, losing nearly 11% of its value versus the dollar since January and 15% over the last 12 months. The short-term (2-year) bond yields divergence between the US and Europe continues to widen, as the market anticipates that the Federal Reserve and the European Central Bank will continue to pursue distinct monetary policy paths. The yield on a 2-year US Treasury note is 2.6 percentage points (260 basis points) higher than Germany's yield on the same maturity ( DE02Y ), the largest spread since the start of the year. The upbeat data on the U.S. job market that was released on Friday cemented analysts' expectations of a further 0.75-percentage-point hike by the Federal Reserve in July, propelling the dollar's broad strength. The exceptional resiliency of the U.S. job market has bolstered the convictions of an aggressive Federal Reserve. Non-farm payrolls in the United States increased much more than predicted in June (up 372k vs. 265k consensus), the unemployment rate stayed at historically low levels of 3.6%, and wages continued to climb at a solid clip. It implies that the labour market is still exceptionally tight and that the US economy is not yet in a phase of demand contraction, implying the need to persist with interest rate rises at a quick pace. Even though the 14-day RSI continues to show oversold levels, from a technical point of view, widening US-Europe rate differentials, reflecting differing monetary trajectories by the Fed and ECB, might continue to exert downward pressure on the EUR/USD pair in the near future. Idea written by Piero Cingari, forex and commodities analyst at Capital.com
by Capitalcom
💵Euro/U.S.Dollar💵(Road Map)!!!🗺️Today, we will check the EURUSD pair technical analysis in the Monthly timeframe chart. The EURUSD pair has been in a downtrend structure for 14 years , and the chart follows a Double Zigzag Correction based on Elliott Wave theory. The Structure of the microwave C of Main wave Y is Expanding Ending Diagonal . Most probably, microwave 2 of the microwave C of Main wave Y will Finish in the Support Zone and at my TRZ (Time Reversal Zone). 🔅 Euro/U.S.Dollar Analyze ( EURUSD ) Timeframe Monthly ⏰ 🔴 Resistance Zone 🔴: 1.24$ until 1.20$ 🟢 Support Zone 🟢: 0.98$ until 0.956$ 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.
by pejman_zwin
13
Eurostoxx Ultimate Pivot PointsReading charts is just one part of trading a bear market, another highly significant part is a solid understanding of market psychology, heuristics and biases. Having spent 14 years in a QE fuelled bull market where there were few inexplicable events and certainly no major forced liquidation events, it is easy to understand why so many participants get so excited about two days of asset flows out of commodities and into tech names. Yes, the market can go higher from here, yes it can go lower, but calling a major bottom and repeatedly getting attached to these short squeezes is all part of the psychological conditioning that has been happening to many over the last 14 years. Therefore we would suggest waiting for extremes where there is nobody else left to buy or sell, this is where the odds are stacked firmly in one's favour. Patience. Discipline. And more patience.
TVC:SX5E
by Newcomb_Analytics
ECB President expects another rate hike in SeptemberEUR/USD 🔼 GBP/USD ▶️ AUD/USD 🔼 USD/CAD 🔽 XAU ▶️ WTI 🔼 In their respective speeches, the leaders from the European Central Bank and Reserve Bank of Australia (RBA) both agreed for raising interest rates to limit inflation within 2-3%, while hinting at returning to more rounds. EUR/USD managed to close at 1.0509, currently on the rebound to 1.0530. In his speech, the RBA Governor also expects high inflation rates for the rest of 2022. AUD/USD closed at 0.6948 and is slowly recovering from 0.6944. GBP/USD and Gold Futures mostly traded flat yesterday, the British Pound exchange rate against the greenback is mostly unchanged at 1.225, with minor gains and a sluggish growth rate. The UK Consumer Price Index on Wednesday should provide further information on the growth of price levels. Meanwhile, Gold futures have experienced minor oscillations at a high of 1,847.7, to close at 1,840.7. The Canadian currency was weakened by a sudden drop in crude oil prices last week, USD/CAD closed at 1.2979, and the Existing Home Sales in May for the US and Core Retail Sales for Canada will be released tonight. Crude oil closed at 108.77, then soon returned to 110.06 a barrel. More information on Mitrade website.
NASDAQ:XAU
by Mitrade_official
Euro economic suicide Buying dept bills from the US to support their economy, and want to be a hero in the war of Ukrain vs Russia is pure economic suicede. But good it was already known a tons of company's were exiting the EU beceause of their ridicelous tax paramid. Only ministers in the EU could be so dump to bring it this far. The plan is to make a dessert from EU soil in 10 years. Ministers pockets are full, so no one gives a damn in their parlements. Admit it! Wrong generation leading EU, no bachelor needet to see this. Thanks alot, when are the first bombs going to fall on EU soil to make it official? So we can go straight to .70 index this or next year.
Short
by UnknownUnicorn27344900
12