Eurusdforecast
EURUSD - Retracement expected Hello traders!
‼️ This is my analysis on EURUSD .
Based on daily perspective we can see that we are bullish, but for now I expected a retracement as price rejected from bearish orderblock + institutional big figure 1.06000.
Like, comment and subscribe to be in touch with my content!
EUR/USD Weekly Volatility Analysis 5-9 Dec 2022 EUR/USD Weekly Volatility Analysis 5-9 Dec 2022
We can see that currently the implied volatility for this week is around 1.64%, down from 1.85% last week according to EVZ data
With this in mind, currently from ATR point of view we are located in the 0th percentile, while according to EVZ, we are on 2th percentile.
Based on this, we can expect that the current weekly candles ( from open to close ) are going to between:
Bullish: 1.18% movement
Bearish: 0.97% movement
At the same time, with this data, we can make a top/bot channel which is going to contain inside the movement of this asset,
meaning that there is a 30% that our close of the weekly candle of this asset is going to be either above/below the next channel:
TOP: 1.072
BOT: 1.033
Taking into consideration the previous weekly high/low, currently for this candle there is :
70% probability we are going to touch previous high of 1.055(already hit)
30% probability we are going to touch previous low of 1.03
Lastly, from the technical analysis point of view, currently from
Weekly timeframe indicates 26% BULLISH trend
Daily timeframe indicates 93% BULLISH trend
4H timeframe indicates 80% BULLISH trend
EurUsd remains very well supportedAfter the clear break above 1.0350 resistance and the confirmation of the break on Friday's NFP, EurUsd starts the week strong and we have a new local high at the time of writing at 1.0565.
Although in my opinion this is just a correction for the longer time frame, and in the short term I expect USD to continue its weakness and in EurUsd's case I expect an up continuation.
As I said before, the 1.08 zone could be the bull's target and as long as 1.0350 the bullish structure is clear and intact.
Buy dips should be the strategy
EURUSD | Perspective for the new week | Follow-up detailsThe prospect of the Federal Reserve moderating the pace of its policy tightening appear to weigh in on the U.S. currency as price action broke out of the $1.0000 mark a couple of weeks ago. However, sellers appear to be stalling all buying attempts as the $1.04500 level became a strong resistance area for sellers in the last two weeks hereby limiting all bullish attempts around this zone. In this video, I have explained what to look out for in the new week for both buying and selling opportunities.
Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, and risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
EurUsd- Where to buy for HUGE R:R?In my video from two days ago, covering EurUsd, I said that dips around 1.03 should be bought, for a new test of resistance.
Indeed, after a short-lived spike in that zone, the pair reversed to the upside and tested resistance again.
Although at this moment it seems like the pair is in correction, the structure remains bullish and, as you can see from the posted chart, an ascending triangle seems to be forming.
The ascending trend-line for this triangle lies around 1.0350 and here we should look for buying opportunities.
Considering a stop loss under the recent spike low, such a trade can have more than 1:5 R: R
Eur/Usd Analysis 29.11.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!