This chart has recently projected the rate of interest rate cuts very precisely. In case the chart analysis is correct, it predicts an additional 3x FED interest rate cut. This may be a rising factor for the euro. Therefore, I expect the current appreciation of the euro to be the start of a longer process.
The exchange rate may start to rise in a correction phase. The rate of increase would be between 16-17%. The current trading area is characterized by a low volatility declining ATR. Therefore, I do not expect greater movement upwards.
The exchange rate is moving in a fairly regular upward wave. The sequences are well identifiable. The ascending sequence is 1-1-2 and the correction sequence is 2-1. In case this regularity lasts for a few days. the exchange rate may rise to 1.12067. You can also see that the current level is suitable for taking a long position.
I assume the exchange is building a fractal sequence a week ago. This theory is contrary to those who see the exchange rate in a downward channel. In my opinion, the correction sequence is one that shows that the exchange rate is constantly building up the fractal base needed for the rise. If you look at the "blank squares" in the analysis, you can clearly see...
The exchange rate has entered a correction phase. The correction was triggered by MA (100) levels. I expect the correction level to be 12410 usd. Turning from this level, I expect a further decline. The target price for the decline is 12257usd.
The exchange rate can build a fractal course. You just left the descending sequence (green rectangle). In case the fractal movement continues, we are now expecting a rising trend channel based on the sequence. The top of this trend channel is somewhere around 74 usd. In this case, the current levels may be suitable for taking a long position.
The previous analysis closely followed the movement of the NOG. There was also a double backtest. Therefore, there is a long position entry opportunity from this level. The previous analysis was based on the ATR axis analysis, which implies that the exchange takes wave movements along different ATR extremes. The current analysis is fractal analysis. The essence...
The exchange rate may have entered a phase of consolidation. Identifying the fractals, it can be seen that the exchange rate repeated the "normal" 37% drop. The falls are regular in size and the same in size. Therefore, I assume that it may start rising from this level. In the event that the fractal sequence remains regular, the exchange rate is ahead of a nearly...
The exchange rate creates a fractal movement. Currently, the figure shows that its size is 1: 1 fractal structure. Therefore, a 15-25 USD drop in the exchange rate could still be included. However, it can also be seen that trading this fractal could have an upside potential of almost 66%.
I assume the gold correction level is 1488 usd. This level was determined by ATR analysis. I assume that the mapping of the previous fractal may still be ongoing. In this case, the wave structure moves symmetrically to the formed axis when changing short-long positions to ATR (white dotted line). In this case, the exchange rate may turn north from the current level.
Currently a triple fractal sequence is being formed. The rectangle (blue) of these fractals is shown. I assume we are currently in the third declining fractal range. The target price for the decline is 12257. I note that EURUSD may then be around the 1.1215 level.
Yesterday it seemed to be turning into a fractal. But that hasn't happened yet. The exchange rate follows the parameters of a double fractal. It's no coincidence that the "spike" was twice the original fractal (1x). I remain for the time being the double fractal structure already indicated in my previous analysis. The target price is 1757 usd.
In my previous analysis, I still do not change the path of motion. But the correction level was 0.3 usd lower. I look forward to turning north from this level. I expect the rise to be 51%. The target price is 2.69 usd.
The exchange deals with the construction of the second part of a double fractal structure. If my current analysis is correct, the exchange rate may start to rise from the US $ 5.5536 correction level. The target price for this increase can be 6.70798 usd.
In the long run, a double fractal sequence may be formed. Currently, the first part of this is being formed. In the event that this theory persists, it is advisable to start positions from the levels shown in the analysis. Note the double fractal structure is a common waveform. This structure is often encountered in "Penny stocks".