The Euro Currency Index is following the price action that I talked about in my last analysis. For now, not big changes when it comes to technical analysis. Technical analysis On the 30-minute chart, EXY is trading in a descending channel. This suggests that the bears are in control and that the index is likely to continue to decline in the short term. The next...
Our Past Euro Currency Index Analysis of March 2021: Elementary Analysis: The Euro Currency Index (EUR_I) represents the arithmetic ratio of four major currencies against the Euro: US Dollar, British Pound, Japanese Yen and Swiss Franc. All ratios are expressed in units of currency per Euro. The index was launched in 2004 by the exchange portal Stooq.com....
The price attempted a false break out of the ascending wedge and was rejected by the yearly resistance at 1033, leading to a downward move. A divergence is evident on the MACD indicator. In order to consider a sell signal, we need to wait for the price to break down to 1025.5 ---------------------- Let me know your thoughts in the comments, and show your support...
The EUR/USD encounters solid resistance near 1.0100. The pair's continuous jerk comes on the heels of the greenback's weak recovery, which tries to restore some equilibrium following the recent steep sell-off, as the prospect of the Fed slowing the pace of its tightening plans appears as the immediate threat to the buck's further gains. Investors are taking...
exy has reached the resistance zone 107.60 and just little above it is 108.52. it seems there is alot of rejection happening from the resistance 107.6, it'll be quite hard for price to reach 108.5 resistance. looking at Macd if price reaches the bearish divergence the price can reach back to 104. This is possible since weekly price is still in bearish zone.
The price action appears to contract on the macro level but if we take a look at each swing from a geometrical point of view we have so many textbooks events that lead me to the idea that we might have finished something here and we are going back into the contracting area which eventually we'll reach the apex when we decide which way we are going in terms of...
there exist a very steep Bearish Divergence between the price and MACD and Its Histogram, which is the sign of trend reversal. the price has already broken the low bond of the ascending parallels Channel where it was rallying earlier. price has retested the Support line and it didn't stand after the second attempt and now turned to resistance, which is a very...
the index is bullish toward its target @123.37 and then @124.46
Hi We can see a Head and Shoulders pattern in the Euro Index char and it is a bearish sign to us. it gets confirmed if it breaks the Neck line on the support area of the chart so we can expect a bearish trend. as we know the Dollar Index is in the bullish run so consequently the Euro Index shall drop down and continue its bearish run till the reverse happens in...
Our prediction last week on Euro Index has come true. Despite the uncertainty around EU Summit last week, the market is upbeat to continue an uptrend. Earlier, European Council president Charles Michel said that it was possible to reach an agreement on the EU budget and the recovery fund. Key Trading Plan: i) LONG when the price breaks the resistance level of...
Key Trading Plan: i) SHORT to the support level of 111.9 and 110.1 ii) LONG if the price breaks the key resistance level of 115.o with the Take Profit Target at 117.8
Key Trading Plan: 1) LONG from the current price to the Take Profit Target of 113.9 2) SHORT if the price breaks the support level of 111.5 with the Take Profit Target at 110.2
TREND: UPTREND PHASE: PRIMARY TREND TRADE: BUY AFTER CORRECTION NOTE:Truths -Traders will do the same thing over and over again. -In trading, no one to blame and no one to question what price did. -Price can break any low/High because anything can happen. If you fully allign your thinking in line with the truth about the market then you will win.
There is nothing new in this market world. Patterns do get replicated, otherwise head and shoulders and double bottoms would not exist... The big pattern we are seeing now is a broadened replication of previous pattern. Observe how prior to the significant moves, price congested between Fibonacci yearly S1 and S2 levels. Back in late 2014, there was more...
Euro index chart. Monthly. Price is driven by global supply and demand. And what we are observing, is a clear oversupply of euro (all selling) and weakening demand (less international interest in euro) on universal scale. Buyers failed to break the supply line and April opened below the demand line with a gap. Top Absolute Correlation 1 EURUSD - USDX ...
DeMark - Sperendao analysis of EURO index. Here we weighed EUR versus 2 biggest world currencies US dollar and Japanese yen . Clear signs of bullish collapse. We identified the right TD supply and demand points and analyzed the monthly structure. Breakdown of the major TD supply line occurred in July - August 2019 and it was confirmed by retest already in...
hi All now it's in boundary area am waiting for break out the trend for short euro and if we have continuation in this index then buy euro
The re-united states of America from the isolationism and the re-republic of China from the de-modernizationism. Some questions about EU zone money policy. 1; devaluation of Euro for export to China and USA, that trend should've been over in 2015, and should've turned to hike in Euro. Now with Chinese poverty and USA changing, the ECB have huge problems from...