Uptrend broken. Jan. S4 Floor BreakoutPrice broke the monthly and weekly floors S4 (L4) and is likely to end the month at S5.
Now we see a pullback to weekly S3 before the crash which should follow tomorrow.
Weak uptrend had also been broken. Tom Demarks breakout projection sends us even lower. However, at the moment we target Monthly and Weekly S5 which coincide with Point of Release to the left. By Demark criterias Breakout is OK.
NOTE, there is strong suppport at yearly S1 at 1.1266 (bottom of Yearly S1-R1 Opening Range, coincides with weekly S4), that is exactly where price rejected on Tuesday 25/01/22 though it pierced through it. Price can also pullback to monthly S3 / Trendline Retest before the crash.
DISCLAIMER:
FOR EDUCATIONAL PURPOSES ONLY! TRADING INVOLVES RISK.
You are alone solely responsible for your trading decisions!
USDEUR
Target 1.15I am looking for longs in EUR. At 1.15 we have double round number confluence (eurusd/usdeur) and that is strong resistance area . But price might make to Quarterly Camarilla R3 and reverse there.
FOR EDUCATIONAL PUPPOSES ONLY. YOU ARE SOLELY RESPONSIBLE FOR YOUR TRADING DECISIONS. THIS IS NOT A FINANCIAL ADVISE!
US500 SPX hello receive a cordial greeting, you have at your disposal the supports and resistances of the S&P500 in the medium term.
As well as its channels.
I hope it will help you.
Sincerely, L.E.D. In Spain on 01/17/22
US500 Apple since 2016 BIG NUMBERS!!
How they expect the markets to move in 2022. Here I show you the 3 possible ways to take 1 bullish, 2 bearish, 3 very bearish, great volatility is not ruled out. A recession due to inflation, rising interest rates to control the unleashed inflation and also bottlenecks. Stay tuned don't miss a thing! Adjust your Stops .
A cordial greeting. Merry Christmas and a Happy New Year 2022, best wishes.
In Spain on 12/17/2021 L.E.D.
Dow Jones Industrial AVERAGE 1982ECONOMY
Inflation surged 6.8% in November, even more than expected, to fastest rate since 1982.
-Inflation rose 6.8% from a year ago in November, slightly higher than estimates according to the consumer price index released Friday.
-Excluding food and energy, the CPI increased 4.9%, in line with expectations.
-Surging prices for food, energy and shelter accounted for much of the gains.
USD/EUR Analysis / RSI DivergenceHello everyone, as we all know the market action discounts everything :)
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The USD/EUR pair was down on Friday morning in Asia, and dropped almost 0.96 %, and reached 0.8847, and an RSI Bearish Divergence has been found between the chart and the market.
The USD/EUR was trading in an uptrend channel and today was the breakout down which got a lot of investors worried about how safe is the dollar right now.
But losses were minimized as growing concerns about a newly discovered COVID-19 variant in South Africa.
Possible Scenario for the market :
The market has started dropping rapidly today and brokeout the uptrend channel, looking at the chart we can tell that the Bears are holding control right now which might cause the dollar to even fall even more.
the market is trending near the first support level at 0.8848 where we might see a rebound but so far none of the indicators are showing any Bullish movement,
the drop will probably continue to reach the second resistance level located at 0.8788 or even the 0.8720 level in the next period of time.
Technical Analysis Show :
1) The market dropped below the 5 10 20 MA and EMA indicating a Bearish trend for now, but still above the 50 100 and 200 MA & EMA.
2) The RSI is at 35.90 showing great weakness in the market with a bearish divergence found between the indicator and the market.
3) the MACD line is nearing the 0 line changing from a Bullish to a Bearish market with a Bearish crossover between the MACD line and the Signal line.
Support & Resistance points :
support Resistance
1) 0.8843 1) 0.8897
2) 0.8821 2) 0.8929
3) 0.8789 3) 0.8951
Fundamental point of view :
In Europe, a rising number of COVID-19 cases prompted Germany to consider following neighbor Austria’s lead and re-impose a lockdown.
If the COVID-19 situation worsens, then USD/EUR could go down further, but otherwise, the monetary policy divergence is definitely going to be weighing on the EUR in the medium term.
Investors are worried about the state of the dollar and looking forward to other safe-haven assets like Gold or Crypto.
This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice.
If you have any questions please ask and have a great day !!
Thank you for reading.
Bearish Bias for EURUSD with big pullbackEurusd hit liquidity block and 1.13 is likely to be reversal level for this move. Most likely it will crawl up to cover the newly formed inefficiency before the bearish trend will contoniue to years S1 pivot / TD projection.
Price might well end this year at Quarterly Camarilla L5 (S5) - I havent plotted thatbut it is inside of liquidity block.
Watch even round number levels - they tend to have more efficacy that odd round numbers.
This analysis area based on teachings of Chris Lori and Tom DeMark.
FOR EDUCATIONAL PURPOSES ONLY!
#USDEUR situation analysisThe USD hit 3th time 0,857 resistance this year and it was a critical time now.
IF the resistance is broken USD have a potantial to go till 0,88 ~ 0,89
but if the resistance persist ( most likely ) it can go to suport level of 0,84 .
It was not a financial advice , idea was published only for training purposes.
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