The EUR/USD pair is poised for a potential downside move as key technical and fundamental factors align. Here's my analysis: Target Projection: With a clear break of 1.06, the EUR/USD could aim to take out the previous year's low, currently at 1.0450, and head straight for the level of 1.0377. This breakdown suggests that sellers are gaining control and may...
A return move to previous high's is what the inverse head 7 shoulders is forecasting. Which is likely to happen in the next couple years. 30 years to get back to those levels! An entire generation! It's why deep capital markets , technology, having the reserve currency $, some financial doping, an entrepreneurial workforce, and degen investor base all...
EUROZONE CPI Eurozone Headline and Core CPI for October both came in as expected (decrease) Eurozone Headline CPI: MoM – Actual 0.1% / Exp. 0.1% / Prev. 0.3% YoY – Actual 2.9% / Exp. 2.9% / Prev. 4.3% (purple on chart) Eurozone Core CPI: MoM – Actual 0.2% / Exp. 0.2% / Prev. 0.2% YoY – Actual 4.2% / Exp. 4.2% / Prev. 4.5% (blue on chart) ...
The European Central Bank raised Interest Rates by a Quarter of a percentage point Thursday, judging that Inflation remains too High ; even as data points to a deepening economic downturn in the 20 countries that use the euro. The move takes the benchmark rate in the euro area to 3.75%, the highest since October 2000.
Macro Monday 39 (Part B) This chart is a summary of the past two weeks of work in Macro Mondays on the EU Sentiment The Chart illustrates the forward looking Euro Area ZEW Sentiment Index (red line) and the current sentiment outlook via the Euro Area Economic Sentiment Index (the "ESI", the blue line). In the chart I have used thick orange lines to illustrate...
The ECB left its monetary policy unchanged, in line with expectations. The information available since the December meeting has largely confirmed the central bank’s assessment of the medium-term inflation outlook, leaving the Governing Council (GC) in a wait-and-see mode. ECB President Lagarde confirmed her Davos comments, hence indicating that she still expects...
Double-Top. LOTS of Institutional Sellers... Classic Sell pattern...
Lowest Ever Eurozone Unemployment Rate👀 (since records began in c. Jan 1995).
Macro Monday 27 Headwinds for Europe but Spain demonstrating relative strength As it is New Years Eve I wanted to do an early release for tomorrow. This week we are taking a look at another major market Index in Europe and we will also look at one smaller market within this geographical location, Spain, due to its strong chart set up and promising economic...
Double top on #LOREAL #LOR seems to be in progress and a further weakening of the eurozone By the time this massive double top has confirmed with a breakout a 1/3 of the stocks's value would have been shed Ultimately if we get a major downturn Loreal could be down to 150 zone
Hello There! Welcome to my new analysis about EURAUD on several perspectives. The Eurozone inflationary pressures increased massively within the recent times determining a huge bearish edge against the AUD zone, especially as inflation in the Eurozone is not yet tackled by continued higher rate hikes with which the ECB, European Central Bank is trying to...
There goes my summer eurotrip.. Deep red MACD, looks like its got a bit of a lag to it, so my guess is a bounce to ~1:93 and then a culmination selloff to the bottom of what appears to be a well enough established range, around 1:87. Get it together, yanks!
$EUR/USD is about to come in to contact with a Macro Resistance Trendline @ 1.13151$ One must beware and very careful when it comes in to looking for Buying Opportunities when breaking down the technical analysis on smaller time frames. With TVC:DXY reclaiming last week the broken Big Range of 100-105 zone, it appears so that with uptrend continuation of ...
$EUR/USD is exploding today as a result of TVC:DXY plunging hard. Fundamentally speaking , concerning is the fact of Euro-Zone's Recession . TA speaking, $EUR/USD is about to be put on stop of it's impulsive price sky-rocketing due to approaching Resistances such as ; -8HR* OB -Macro Broken Trendline which was firstly support but now found as Resistance. If...
- Eurozone OANDA:EU50EUR is officially in Recession due to two consecutive negative quarters in a row. The Euro-Zone entered a Recession in the first quarter of this year and economists are not optimistic for the coming months. Having said that, its Index OANDA:EU50EUR continues to hold its head up high, but the question is, how much longer will it maintain to...
- With Europe entering in to Recession as a cause of two consecutive negative quarters, a positive Price Action is a merely a relief rally that will be short lived.. Golden Zone is most definetely reachable taking into consideration the negative Macro-Economics events for Europe . Patience is a virtue . TRADE SAFE *** NOTE that this is not Financial...