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💵Euro/U.S.Dollar💵Analyze (Short Term, 03/10/2023)!!!Euro /U.S.Dollar reached the top of the descending channel for the third time while it sees the 🔴resistance zone($1.07220-$1.06850)🔴 above. It also seems that the RSI indicator is forming an Expanding Triangle pattern in the 4-hour time frame.👇 I expect the EUR to break down to the 🟢support zone($1.050-$1.046)🟢(maybe more) based on my analysis of the DXY as well as the high points.👇 🔅Euro/U.S.Dollar Analyze ( EURUSD ), 4-hour Time frame ⏰. 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 gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
9
💵Euro/U.S.Dollar💵Analyze (Short Term, 03/08/2023)!!!Euro/U.S.Dollar is running near the lower line of descending channel, support zone, and SMA100(Daily TF). Also, Euro/U.S.Dollar was able to make a 🌅morning star candlestick pattern🌅. I expect Euro/U.S.Dollar will go up at least until the middle line of descending channel 🔅Euro/U.S.Dollar Analyze ( EURUSD ), 2-hour Time frame ⏰. 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 gladly 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
16
EURUSD & DXY: A BEAUTIFUL INVERSE RELATIONSHIP / FIAT / FIBDESCRIPTION: In the chart above I have included a MACRO analysis & side by side comparison of EURUSD & DXY. POINTS: 1. DEVIATION of 0.075, found with HIGHEST HIGH & LOWEST LOW & then dividing by 2 to find a MEDIAN & so on for remaining points in between. 2. EURUSD price action is in a current downtrend getting ready to test 1ST TARGET. 3. NOTICE how TARGETS for DXY & EUROUSD coincide. 4. RSI is currently over extended for EUROUSD & has seen its squeeze from previous oversold levels. *IMPORTANT: When both price actions come to touch they either float in same channel before separating again or completely blow through one another. SCENARIO: With DXY's current bearish momentum this can be a bullish factor for EURUSD as they have a clear inverse behavior and vice versa. FULL CHART LINK : www.tradingview.com FOREXCOM:EURUSD TVC:DXY
by DGSTBROKERACC
💵Euro/U.S.Dollar💵Analyze (Short Term, 01/13/2023)!!!🌊First, I think you should take a look at the January 11th post to get a better perspective on today's analysis.👇 As I expected the Euro /U.S.Dollar to rise to the resistance zone and complete the end of the main wave 5, now I expect the Euro /U.S.Dollar to decline at least to the end of the main wave 4 and EMA 50 (Daily TF). 🔅Euro/U.S.Dollar Analyze ( EURUSD ) Timeframe 4H⏰. 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.
Short
by pejman_zwin
2
💵Euro/U.S.Dollar💵Analyze (Short Term, 01/11/2023)!!!🌊Euro/U.S.Dollar is completing the main wave 5, while the main wave 3 was an extended wave. I expect the Euro/U.S.Dollar to decline at least after reaching the resistance zone until the end of the main wave 4. 🔅Euro/U.S.Dollar Analyze ( EURUSD ) Timeframe 4H⏰. 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.
Short
by pejman_zwin
2
Euro/USD buying alert readyThank you for following me 😊 EUR/USD analysis is the process of studying the behavior of the EUR/USD currency pair in order to make informed trading decisions. This analysis can be done using a variety of techniques, such as technical analysis, fundamental analysis, or a combination of both. Technical analysis is the study of past market data, primarily price and volume, to identify patterns and make trading decisions. It is based on the idea that market trends, as shown by charts and other technical indicators, tend to repeat themselves. Technical analysts use chart patterns, such as head and shoulders and support and resistance levels, to identify potential buying and selling opportunities. Fundamental analysis, on the other hand, is the study of economic, financial, and other qualitative and quantitative factors to forecast the future performance of a security. In the case of currency trading, fundamental analysts will look at economic indicators such as interest rates, GDP, inflation, and political events to determine the strength of a country's economy and the likely future direction of its currency. A combination of both fundamental and technical analysis can provide a more comprehensive understanding of the market, and help traders make more informed trading decisions. Additionally, news and geopolitical events which may affect the Currency pair can also be monitored to get a comprehensive analysis. Keep in mind, currencies are traded on the Foreign Exchange Market, also known as Forex or FX, which is the world's largest financial market and operates 24 hours a day, so the analysis and predictions may change constantly.
by rakibhasantusar
💵Euro/U.S.Dollar💵Analyze (Short Term, 01/06/2023)!!!Euro/U.S.Dollar was able to make a descending triangle. Euro/U.S.Dollar broke the lower line of descending triangle. I expect Euro/U.S.Dollar will go down at least to my target. 🔅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.
Short
by pejman_zwin
2
EURO/USD: GOOD RALLY COMING IN.After a long devastating rejection since January 2021, the EURO/USD finally resurrected from the dead. Note: This analysis is in a 2-monthly timeframe so do not consider this a short-term trade setup. A -22.85% rejection from the resistance was brutal for the EURO/USD in the long-term view. After almost 2 years, the EURO/USD has bounced back from a historical supporting trendline. This looks good from a long-term perspective and I believe we may see some positive moves in the coming new year. In a lower timeframe(3-6 hours), the EURO/USD is dropping down which is quite obvious and it must be a bearish situation if you are a bull and you are scalping or playing in the short-term market. Overall, EURO/USD looks good for now. What do you think? Share your views in the comment section. Trade safely.
Long
by Dexter_The_Trader
2
💵Euro/U.S.Dollar💵Analyze (Short Term, 12/19/2022)!!!Since Euro/U.S.Dollar attacked the resistance zone several times, and finally, a fake break happened, I expect the uptrend line to break in the coming hours, and Euro/U.S.Dollar will move towards the support line. 🔅Euro/U.S.Dollar Analyze ( EURUSD ) Timeframe 1H⏰. 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.
Short
by pejman_zwin
1
💵Euro/U.S.Dollar💵Analyze (Short Term, 12/09/2022)!!!Euro /U.S.Dollar was able to break the support line. I expect Euro /U.S.Dollar will make another zigzag correction (ABC). The microwave A of zigzag correction can finish on the support zone. 🔅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.
Short
by pejman_zwin
4
Celebrating 50 Years of Financial FuturesThis is a Thanksgiving Special Report. Swiss Franc ( CME:6S1! ), Canadian Dollar ( CME:6C1! ), Japanese Yen ( CME:6J1! ), British Pound ( CME:6B1! ), Mexican Peso ( CME:6M1! ) In May 1972, International Monetary Market (IMM), a division of the Chicago Mercantile Exchange (CME), launched futures contracts on seven currency pairs. This was the world’s first financial futures instrument, a futures contract based on something other than physical commodities. What has made a Midwestern Exchange, known mainly for its Pork Bellies contract, a frontrunner in financial innovation? Bretton Woods System and its Collapse At the end of World War II, the United States and its allies created the Bretton Woods System. Essentially, it was a global monetary system governed by fixed currency exchange rates. The US dollar was backed by gold, at a fixed rate of $35 per troy ounce. Other currencies were pegged to the U.S. dollar. In 1955, one dollar was exchanged for 0.3572 British Pound, 4.2 Deutsch Mark, 3.3 France Franc, 0.986 Canadian Dollar, 360 Japanese Yen, 625 Italy Lire, etc. Each country was responsible for maintaining its exchange rate within 1% of the adopted par value by buying or selling foreign reserves when necessary. The U.S. was responsible for maintaining the gold parity. Its big commitment was allowing anyone with $35 to exchange for an ounce of gold at the US Treasury window. As global inflation rose sharply in the 1970s, many countries could not maintain the official peg. They responded by redeeming dollars for gold at the US Treasury window. With US gold reserve depleting rapidly and a gold run looming, in August 1971, President Richard Nixon announced the "temporary" suspension of the dollar's convertibility into gold. This marked the breakdown of the Bretton Woods. Central banks around the world were no longer obligated to peg their exchange rates to the US dollar. Leo Melamed and Milton Friedman With fixed rates, there was no exchange rate risk in international trade. However, flowing rate exposes importers and exporters to significant uncertainty to the amount of dollar or foreign currency they will receive or are obliged to pay for. Since its founding in 1898, CME has been the place where producers, processors, merchants, and commercial users come together to hedge price risks for a wide range of commodities. Leo Melamed, then Chairman of the CME, was convinced that the futures market is the solution to tackle the rise in exchange rate volatility. Leo set up an International Monetary Market division within the CME and prepared for new futures contracts derived from foreign exchange rates. Initially, this breakthrough idea found no friends on Wall Street. According to Leo, one investment bank president tossed it out saying he didn’t want the Chicago “Pork Belly Shooters” to contaminate the FX market. Leo met with Milton Friedman, a well-respected economics professor at the University of Chicago. Milton fully supported the ingenious design and published a feasibility study, “The Need for Futures Markets in Currencies” in 1971. Milton Friedman (1912-2006) won the Nobel Prize in Economic Science “for his research on consumption analysis, monetary history and theory and the complexity of stabilization policy” (the Nobel Committee). This changed everything. When Leo went to Washington to lobby the idea of listing foreign exchange futures, Treasury Secretary George Shultz said, “If it’s good enough for Milton, it is good enough for me.” George Shultz (1920-2021) served as Secretary of State in the Regan Administration and as Treasury and Labor Secretary under Richard Nixon. He was also the Dean of Graduate School at the University of Chicago, and a good friend with Milton Friedman. If you are interested in the story of FX futures, you may find it online and at Leo’s 1996 memoirs, “Escape to the Futures”. Foreign Exchange Futures On May 16, 1972, IMM simultaneously launched seven futures contracts based on the US dollar exchange rates to British Pound ( CME:6B1! ), Japanese Yen ( CME:6J1! ), Canadian Dollar ( CME:6C1! ), Swiss Franc ( CME:6S1! ), Mexican Peso ( CME:6M1! ), Deutsch Mark and Italy Lira. Five of those original FX contracts are still actively trading at the CME. Deutsch Mark and the Lira have been delisted since Germany and Italy joined the Euro currency. The new contract, Euro/USD FX ( CME:6E1! ), becomes the most active CME FX future contract. FX contracts saw exponential growth in trading volume in the next fifty years. In the first 9 months of 2022, average daily volume for all FX futures and options reached 983,000 lots, according to the CME Group. On November 15th, Euro FX alone traded 359,000 lots and had an open interest of 683,293 contracts. My writings on TradingView include a number of trade ideas on FX futures contracts. Please take a look if you haven't yet. FX Futures were the start of a “Financial Revolution” in the futures industry. The next few years saw new breeds of futures contracts, including interest rate futures between 1975 and1977 and equity index futures in 1982. During the holiday season, I would start a series on the leaders and innovators at CME, CBOT and KCBT. They brought GNMA Futures, T-Bill and T-Bond Futures, Eurodollar Futures, Value-Line Index Futures and S&P 500 Futures to life and revolutionize the financial derivatives world as we know it today. Happy Trading. Disclaimers *Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services. CME Real-time Market Data help identify trade set-ups and express my market views. If you have futures in your trading portfolio, check out on CME Group data plans in TradingView that suit your trading needs www.tradingview.com
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by JimHuangChicago
4