USDEUR
EURUSD - Regression Channel points 1.17Hi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
In today's analysis, here's a Forex update on the popular trading pair EURUSD. It's the last month of the year 2022; could we expect a Christmas rally?
📈 From a candlestick analysis , the Euro is looking to gain some ground against the Dollar with Three White Soldiers forming on the monthly chart.
📈 From a chart analysis / trend analysis , the regression trend that started in 2008 is still valid and the top of the regression parallel channel points towards 1.15 - 1.20
📈 From a technical indicator analysis, the RSI seems to be losing strength on it's way to the 50 mark and we'll need to see price action CLOSE over 1.08 to consider 1.15 resistance zone
Sideways trading immediate term seems likely
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Dollar currency index parallel to 1980sThere is a short relief that we are currently experiencing which would confluence to around February 2023 for a bearish USD rally. Then a massive bullish USD move for the next decade. Would work well together with 2020-2030s bear market predictions and a deep and long recession.
What surprises me is that the numbers for DXY are exactly the same as they are now.
EURUSD - The prospect of rate hike lifts the price of euroThe euro strengthens against the U.S. dollar as rumors have it that the ECB is mulling a 75 bps rate hike during its monetary meeting on 27th October 2022. Currently, EURUSD trades near the 0.9959 USD price tag. As a result of the upcoming ECB decision, we expect it to strengthen temporarily. Although at the moment, we have doubts the rate hike will have a lasting effect on the euro, especially since the FED is set to go through with its own rate hike next week. In addition to that, we expect the rate hike to weigh on the German economy and drag it lower over time.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
💵Euro/U.S.Dollar💵Analyze (10/03/2022)!!!Euro /U.S.Dollar moved as I expected ✅👇
Now, Euro /U.S.Dollar is running near the middle line of descending channel; at the same time, it was able to make an Evening Star Candlestick Pattern (reversal pattern).
I expect Euro /U.S.Dollar will touch the lower line of descending channel at least.
🔅Euro/U.S.Dollar Analyze ( EURUSD ) Timeframe 4H⏰.
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USDEUR Long-Term ReviewHello everyone, let's take a look at the USDEUR weekend chart as you can see the price has been moving in the uptrend channel since 2008 and has broken the downtrend line that has been going on since 1985.
Let's start with the designation of the support line and as you can see the first support in the near future is 0.95, if the support breaks down, the next support is 0.89, 0.84 and 0.79.
Now let's move from the resistance line as you can see, the first resistance is the support zone from 1.08 to 1.21, if you manage to break it, the next resistance will be 1.56.
Looking at the CHOP indicator, we can see that in the 1W interval, most of the energy has been used, but we still have some more for the next move, and the MACD indicator confirms the current upward trend.
Make America great again with Dollar.From 1985, DXY oscillated into falling wedge and nowadays rising on EUR weakness.
This falling wedge got confirmed and trend is strong. Consumers prices rises to try accelerate worldwide economy.
Damage was done in US by printing. However, the war in Europe destroying Euro.
Many of Us, traders and investors thought this have to come sooner or later. With that money supply increase...
Strong EUR, USD or Equal Euro to Dollar is not very good for markets. But markets raised 2 years, bad situation show up and Bear cycle going forward in Covid shadow.
Basically, governments don't want you to be so rich all the time. Only way how to control world , rich people and companies is through markets.
I personally expecting strong 5th major bullish wave in Stocks & Cryptocurrency markets. This would be quite quick for now ( markets are in 4th corrective wave ).
It will always rise and fall. Exchanges want you drag into trades , speculations and liquidate.
Future is coming so let's monitor this yellow fractal. : - )
I have always this 2 quotes on my mind because I don't feel in prosperity enviroment like and still have to pay taxes :
"There are two main forms of wealth in today’s 2025 world: Land and Cryptocurrency."
"In 2030, You’ll Own Nothing And Be Happy About It"
Yours Emvo.
*This is not any financial advice.
DXY bearish divergencesThe DXY is approaching a meaningful trend change! Don't be fooled by the Fed, the USD will soon reverse course no matter how much the federal reserve wants a strong dollar, the fiat currency seems to be approaching extreme overbought territory on the weekly chart on every momentum and price oscillator I could find. Be on the lookout for risk on assets to reverse course, crypto, stocks and precious metals will benefit from imminent DXY weakness.
EURUSD Outlook 9/5First full week of the new month. My expectation is that market will grab sell side one last time possibly with a big push, and then chase buyside from late last month. Ultimately I think the month will close red however.
I see short term trade opportunities both to the down and upside.
EURUSD - The downtrend is over! New bull market + Elliott Wave
EURUSD successfully maintained the 1.0 USD level.This is a significant psychological level!
As per my Elliott Wave analysis, this huge downtrend should be over, and now I expect a corrective move to the upside.
An impulse Elliott Wave has been successfully completed. Let's see how big this correction is going to be.
On the daily chart, we can spot a beautiful descending parallel channel, and I think the bulls can step in to destroy this pattern!
As you can see on the chart, we had 2 fakeouts during this downtrend and this indicated a corrective move. Usually, the third breakout is real!
The profit target is at 0.618 FIB + the start of wave 4.
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Bearish on USDEUR.Elliott never fails, because fractals never lie.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
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.
EURO U.S. DOLLAR FXCM : EURO BREAKOUT & USD BREAKDOWN IMMINENT!!FOLLOW, LIKE, AND COMMENT IF YOU APPRECIATE THIS ANALYSIS AND CONTENT. THANK YOU
Euro to USD is in a falling/descending wedge and has been for years against the dollar. In October of 2020 Euro had a failed breakout and came back down into the wedge. The apex of the wedge is nearing and I believe the EURO will break out of this wedge with a measured move of 1.48 and possibly higher after that level is reached. There is probably still a touch of the bottom support line of the wedge which could bring the EURO to .96 or so before the final move to the upside with the break of the upper resistance line of the wedge.
The USD has been in a bear flag/descending channel for years now against the EURO. The dollar looks like it has one more bullish drive to about 114 by around September of this year, before dropping to the bottom support of the channel/flag and retesting 96. At that point the dollar will either break right through without a bounce or if it bounces may try for 103 before its final descent down to about 67 which is the measured move of the bear flag.
These scenarios will both be invalidated if USD breaks to the upside and closes above 120ish on a weekly candle. I don't see this happening though because of many factors. Hyperinflation is right around the corner, if you think things are expensive now just wait and see when the printers really turn on. We haven't seen anything yet my friends, they were just testing the water to see how we would react to this inflation. What comes next will be epic.
This is not financial or trading advice this is just my opinion, thank you and good luck out there.