Euro going for dollar parity?If the Euro takes out the low on the weekly chart it seems that dollar parity is secured.
EXY
EXY PossibilitiesThe Euro is at a key level and a .618 fib. If we have a close above 113/114 for the month of December, I'll be leaning towards Bullish momentum for the beginning of 2019.
It has formed a weak falling wedge shape on the monthly, but a falling wedge none the less.
Analysis for this is pretty simple, majority of it can be explained on my chart.
Thanks
2019 Financial super crisisEven with the earning season we are in right now, does it even matter? If there isnt enough liquidity in the market? In my opinion every pop to the upside is an oppurtunity to just sell from higher prices.
EurAud, Potential Inverse H&S, Long ?if it works, will be good profit.
-DYOR
-YTD
Good Luck,
-YusufDeli
EURCAD, Bat Pattern !It reached BAT Pattern D point.
And olsa Big Trend Line waiting there.
I'm waiting short from here.
Maybe it can go Alternate Bat Target (%25)
-DYOR
-YTD
Good Luck
-Yusuf Deli
EUR Index VS USD Index Eur Index and Usd Index Chart Comparison Indicate Us some correction in EURUSD Pair. USD Index Near to fibo 78.6 area and EUR Index Near to 23.6 area. So EURUSD Might Have Some Upward corection to 1.1500 or 1.1720 area..
Eur Index Vs USD Index When EUR Index Drop USD Index Rise. It has a good Good Inpact on EURUSD Pair.
EURO About to pop?German gas prices has risen to the highest level since 2014 despite oil 1.80% prices collapsing. This is indicative of inflation?
The ECB has yet to raise rates and the longer the wait the more extreme the inevitable rate hike could be. This could make the EURO 0.02% explode in value as people buy it up to pay back debt and what not. Who knows.
EURUSD Bounced From Final Resistance LevelLast week, price tested 2018 low. Where price quickly surged after reaching this level. Now price is trade lower and lower as volume and volatility declines. In addition, EURUSD has been correlating with the stock market recently due to risk-aversion. For now, the two prices are correlating, indicating that there are still uncertainty in the market.
Trade Step-ups:
Bullish Reversal: Price rejects to beck the support level of the 2018 low. Look for a move back to the trend channel and to its topside. Profit levels to look for are 1.1640 & 1.1800
Bearish Breakout: Price breaks 2018 low. This will indicate that the market sentiment is shifting deeper to the bears. Look for consolidation below 1.1280.
EXY Bull StrengthEXY has demonstrated a very strong bull candle today, there will probably be bullish moves with the eurxxx pairs until midweek.
EURUSD 6th long positionadded a 6th long position at 1.1536
TP of all long positions well above 1.45s
Euro Index: EXY Got Strong Support, High Possibility to RiseEuro Index has a high level MACD Divergence for Bull - 1D & 2D.
EXY got a long lower shadow - near a Hammer yesterday.
Euro gets strong and valid support from previous support zone: 113-115.
Plan:
Long
Stop: 13.4
Target 1: 118
Target 2: 124
If it goes over 118 successfully, a bull run toward previous high 124 is expected.
Short EUR SoonEXY headed to fill a gap from the 29th. Once it does, it'll most likely hit hard resistance and complete a harmonic pattern.
EURGBP levelsWill allocate off these levels
- Volume profile suggests price is more likely to move downward
- However the trend suggest a bounce off these levels, inline with an existing channel
- some Major fib levels in the shaded area
- 50/50 point
Will look to BXY; EXY
- POUND Index:
- EURO Index:
Silver, opened daytrade position @14,79opened daytrade position at 14,79
TP, well above 30s to max 37s
SL at 13.07
EXY has a bullish divergence on daily chart!!!EXY has a bullish divergence @ macd histogram.
115.7-116 is a possible reversal zone for EXY then it can make a rally to 118.1 and 119.5.
Have a nice day,
Berk.
EURO broke through 200 EMAAfter looking at euro / dollar charts since 1972, I realized that the most recent euro high was a pullback (backtesting) to yearly trendline which it broke in the end of 2014. The old yearly trendline became a resistance now. This thing is called the change of polarity. And now we are just starting to drop back from it down again. Expect a further bearish euro rally next days to the next fib level / previous high. The same concerns CHF and GBP as those currensie follow EURO pretty close.
Euro Currency Index (EXY) will lose its power in future!!!Euro Currency Index seems that it will lose some power against other currencies during next weeks.
April and May will be very important for EXY.
Technical Analysis details:
-I observed a divergence on weekly chart which can start a new bearish trend.
-Stoch gives some bearish signals for future.
-Wave Trend Analysis gives some signals that we are at the top of weekly trend.
I hope you enjoyed with my analysis.
If you like my analysis, please follow and share.
Have a nice day.
Berk
