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EUR/USD:FUNDAMENTALS + TECHNICAL ANALYSIS | SHORT SETUP 🔔 EUR/USD remains subdued as North American traders prepared for the weekend, in choppy trading within the 1.0150-80 range after June’s employment report and further Fed speakers crossing wires. The EUR/USD is trading at 1.0182, having hit a fresh 20-year low at 1.0071 during the European session, though recovered after the release of the US Nonfarm Payrolls report, bouncing off late towards daily highs near 1.0190, before losing steam and settling at around current levels. EUR/USD rallied despite solid US job report, EU’s energy crisis Earlier in the North American session, the US Department of Labour reported that June’s Nonfarm Payrolls added 372K jobs to the economy, exceeding estimations of 268K. Average Hourly Earnings, and an indication of a wage-price spiral, remained contained at 5.1% YoY, above estimates, while the Unemployment rate prevailed unchanged at 3.6%. At the same time Fed speakers, namely Waller, Bullard, Bostic, and Williams, reiterated the case for a 75 bps rate hike to the Federal funds rate (FFR), while downplaying recession fears. On the Eurozone side, ECB speakers remain vocal about hiking rates this month, and the consensus remained around a 25 bps rate hike. However, a 50 bps could be in play, but it is not the case scenario, as mentioned on its June minutes. Despite all that, the EU’s ongoing energy crisis hit the shared currency hard during the week, as the EUR/USD weekly chart illustrates the major is losing 2.47% in the week Therefore, the EUR/USD path of least resistance is tilted to the downside, and a parity test is on the cards. EUR/USD Price Analysis: Technical outlook The EUR/USD daily chart indicates that sellers are in control, despite buyers’ effort to hold the fort around 1.0100. As the New York session waned, they achieved their task so far. However, oscillators like the Relative Strength Index (RS) exited oversold conditions, meaning sellers might be taking a breather before exerting additional pressure to drag prices lower. Therefore, the EUR/USD first support would be 1.0100. Once cleared, the next support would be the current YTD low at 1.0071, followed by the EUR/USD parity at 1.0000. A decisive break would clear the way for September 2002 lows around 0.9608.
Short
by FOREXN1
1
Flight to safetyWith Burry saying we still have 50% more downfall to go - that leads me to think the DXY has quite a bit more room to run (along with plenty of other macroeconomic contributing factors of course) I just decided to single out Burry lol. I can easily see a ~120 DXY which would be carnage for stocks and crypto - earlier today I saw that the the euro/dollar had collapsed to it's 20 year low which is just more fuel for DXY to run higher. The VIX is also telling us something big is brewing. Should be a big week.
TVC:DXYLong
by InvestingIdeas9
Next Week OutlookPrice broke the monthly S4 floor and is likely to continue to S5. However on weekly price did not close below monthly S4 - so breakout might be false. On the top we have a bullish W formation, which remains "active". So I would be careful with shorts. 1.04 is very strong support level. Monday price action will give more clues. If price trends below next week camarilla S1 - bearish bias. Target camarilla S3. Same with the opposite side. To time the entries I use 500-1000 tick charts (available wth IC Markets, Pepperstone and FxPro's CTrader and FXCM NinjaTrader.
by ICFX
EURUSD Monthly Camarilla Analysis - Bearish BiasThis is June Outlook for EURUSD using Monthly Camarilla Pivots which predict monthly volatility, direction and reversal levels. Price started trading below monthly Camarilla S1 - Bearish Bias for now. Trendlines and channels also point move to the downside. Price is likely to retest liquidity block to the downside. TD breakout projection sends us there as well. NOTE: I dont use those analysis for trading as my entries are day trades and on smaller timeframes. This is just for general picture and what to expect in June 2022. FOR EDUCATIONAL PURPOSES ONLY!
Short
by ICFX
1
Technical VS Fundamental AnalysisThis brief analysis aims to show the divergence and interdependence of technical analysis with the fundamental one. The increase in rates following the increase in inflation tends to lead us to the idea of an increase in the price of the dollar without the possibility of interpreting its trend from the point of view of technical analysis, which I do not agree with since, on the basis of at the time (1W axis), it seems that the movement of the dollar price is reaching a maximum point corresponding to the 50% retracement, or the limit of 61.8%, of Fibonacci. This idea leads me on the road to putting technical analysis first, as the primary method of studying a stock or currency (not an index), which in my experience obtains positive results in about 90% of cases. . I therefore expect the movement represented in the graph. This brief analysis aims to show the divergence and interdependence of technical analysis with the fundamental one. The increase in rates following the increase in inflation tends to lead us to the idea of an increase in the price of the dollar without the possibility of interpreting its trend from the point of view of technical analysis, which I do not agree with since, on the basis of at the time (1W axis), it seems that the movement of the dollar price is reaching a maximum point corresponding to the 50% retracement, or the limit of 61.8%, of Fibonacci. This idea leads me on the road to putting technical analysis first, as the primary method of studying a stock or currency (not an index), which in my experience obtains positive results in about 90% of cases. . I therefore expect the movement represented in the graph.
Short
by Victuarski
SDS SPX Short S&P500 Is The US market crash coming ?Is The US market crash coming ? We have 3 types of “crashes” Correction <15% downward movement in a major indicy Bear Market <20% downward movement in a major indicy Black Swan event, something very unexpected that tanks the market, think 1987, 1929, challenger disaster, 911 and so on. The fourth type is the 1919, 1929, 1999 and 2008 scenario that people generally refer to as a “crash” 2022 a new one ? Sincereley L.E.D In Spain 14/05/2022
AMEX:SDSShort
by wallstreetstocks
U.S. Dollar the Bull in a field of Bears - USD longThe U.S. Dollar Index is used to measure the value of the dollar against a basket of six foreign currencies: the euro, Swiss franc, Japanese yen, Canadian dollar, British pound, and Swedish krona. The index was established shortly after the Bretton Woods Agreement dissolved in 1973 with a base of 100, and values since then are relative to this base. The value of the index is a fair indication of the dollar’U value in global markets. USD is breaking out of a 7 1/3 years consolidation channel and will likely gain more strength against this currency basket, particularly against the EUR. The US will likely be able to avoid a recession and a stronger economy. So get used to the idea for a parity of the USD against the EUR and likely even the EUR trailing the USD sooner then later. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
TVC:DXYLong
by CarpeMomentum