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Eurodollar

EUR/USD Analysis: Potential Continuation of the Bullish TrendSince November 2022, the Euro has exhibited an upward trend against the US Dollar, thus prompting the consideration of purchasing opportunities. Following a decline to the 1.06 price level, which corresponds to a trendline and 0.764 Fibonacci level, demand on the price level has been observed with the formation of a bullish hammer pattern. Furthermore, an underlying bullish divergence in the daily timeframe's Relative Strength Index suggests a potential conclusion to the bearish retracement within the broader bullish trend.
Long
by Sgt_jerxxl
Euro's probable fall to parityThe greenback looks set to add to its gains against the euro after yesterday’s sticky US CPI print. Positive employment data from the euro zone and in line with expectations Q4 GDP prints yesterday also did little to spark confidence in the euro. The euro managed to push the pair above the 61.8% Fibo retracement level, 1.096, from the downward wave following the start of the Fed’s hiking cycle. The dollar has since managed to find its footing which has seen the pair fall back onto this critical level. This rate at 1.096 also coincides satisfyingly with the 50-day MA rate currently at 1.0719. I expect this support level to give way which will allow the dollar to pull the pair onto the zone between the blue 38.2% Fibo retracement rate of 1.044 and the green 50% Fibo retracement rate of 1.046. A break below this level will see the dollar test the pair’s 200-day MA rate currently at 1.032 and deeper into the zone between the green 38.2% Fibo at 1.023 and the blue 50% Fibo at 1.021. I honestly won’t rule out a move back to parity around the end of 1Q2023 and start of 2Q2023 as it coincides with the blue 61.8% Fibo rate and the green 23.6% Fibo. Fundamentally I don’t see much support for the euro unless there is a concrete “Fed pivot”, which is looking unlikely. As the recessionary realities hit the global economy investors will run back to the dollar and higher yielding US bonds which will be dollar positive. Technical indicators: The sell signal on the daily MACD indicator is losing momentum which could allow for a pullback towards 1.080 and 1.090. (This is where my sell limit orders will sit). The daily RSI however still has room to move lower. It’s the weekly indicators which are making me a greenback enthusiast (I’ll leave the weekly chart in the comments). The weekly MACD buy signal is rolling over and looks set to cross to a sell signal and the weekly RSI has already started rolling over from its high of 68.70. The weekly RSI has not been this high since January 2021. The dollar’s deprecation in 4Q2022 was clearly a melt up in investor risk-on sentiment which rode on the back of the supposed “Fed pivot”. The dollar milkshake is very much in play for 2023.
Short
by Goose96
1
AW Euro Dollar Analysis - Bigger Picture Changes Our Target...Another very timely discovery made at the larger degree indicates that this was a fake our wave since October 2022. This provides us with more clues as to how low the Euro will drop and also explains the Bitcoin view. Suddenly things are all lining up with an expected drop in the Stock Market, Cryptos and now the Euro. I don't come to these conclusions all at one but instead I slowly come to these conclusions based on the evidence. The leg lower should extend about the same distance as the move down from January 2021 to the recent low in October. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research. ***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
Short
by AriasWave
AW Euro Dollar Analysis - Short Trade Opportunity...Here is the chart for the video idea linked below. We are trading Wave (C) of Wave A and targeting the .382 Fib retracement area. Stop: 1.07737. Target: 1.04614. Entry: At Market (Agressive) or A break of 1.07086. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research. ***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
Short
by AriasWave
1
AW Euro Dollar Analysis - Wave A of Wave II in Progress...If you look at Wave 1 and Wave 5 they are similar in length. Everything in between makes sense. After a break from looking at this, it didn't take long to see this pattern for what it is once I looked again. At the lows you can see the expansion that occurred in both Wave 2's therefore explaining the way this topped due to alternation in the Wave 4's at the highs. It now looks like a complete 5-Wave Move which means we are not very far from seeing this trend continue higher. The Euro will now correct in Wave II which could take a little while, but it also depends on whether or not this correction expands. Seeing as though the Dow Jones, Oil and Bitcoin are expected to side lower it's probable that price remains within this range. I will provide updates as I see the patterns evolve. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research. ***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
by AriasWave
1
EUR/USD strengthens after German inflation dataMARKET TALK This mornings German consumer price index (CPI), the key indicator to measure German inflation, indicated that German inflation has increased from -1.2% to 0.5%, an increase month on month Technical commentary: EUR/USD traders seeking a potential short term (14-25 days) upside target could be eyeing the 1.105s (see chart), while short term downside risk remains below the 50 day moving average near 1.07032, if breached opens up the 1.0614 support (38.2% retracement from the 13 week high). Not investment advice. Past performance is not indicative of future results.
Long
by Skilling
EURUSD ShortI’m looking to short this pair anywhere between 1.09-1.10. Realistically I’ll scale in as the price rises. If the price rises. The recent price moves seem weak to me. The fact that it’s moving within a rudimentary ascending triangle in conjunction with a volume drop off is quite telling. Divergence between the price and indicators is quite stark and all this is just ahead of the big 1.10. As such, and with the assumption there are no severe shocks in the fundamental data coming out, I’m looking to sell this pair. Trade is active and I’ll be scaling in if the price rises; unless the fundamental picture changes considerably. As always, this is not a full analysis or breakdown, just a brief summary. Moreover, this is just my opinion and you should only enter a trade if your analysis favours the outcome. Opinions are just like ar5e holes, everyone’s got one and they most produce sh1t so trade with caution:)
Short
by jamesfrench73
2
AW Euro Dollar Analysis - Let's Clear Up The Euro Pattern...In this video I explain the slight changes in the wave count since last week. Without AriasWave it would be near impossible to get it right. From Here on out I can only see this move getting easier to read. The reason I find it important to know as much as possible about what we see here is because of Cryptos. The Euro is a gauge for when markets will inevitably finish their current corrections. In reality there isn't much time left but at least we know it won't be next week or possibly even next month. We could be looking at April, May, or June. Or later, depends. Whatever the outcome, I will be keep tabs on this market along with XLM and XRP the whole way through. In the meantime, it doesn't hurt to get on the AW team and learn the waves. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research. ***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
by AriasWave
4
AW Euro Dollar - Short Trade Ahead of the NFPs...Don't worry about the target yet, let's see it this idea holds. Price needs to stay below resistance in order for the Wave C down idea to prevail. Stop: 1.09140 Target: TBA Check out the video for this analysis below in related ideas. Understanding the waves is more important than knowing that news causes volatility. I guess we will find out if this is true shortly. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research. ***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
Short
by AriasWave
P2P | Backtesting - EURO/USDWelcome ladies and gents to another backtesting segment! In this clip I wanted to show more of the knowledge I've been learning through ICT and how effective its been. Here in this video I'm (doing my best) to go over trades, time of day, price action, and why I did or didn't take the trade. (Note: these are just backtest trade concepts, I did not actually take the trades) I'm usually looking to scalp the markets because I tend to be somewhat impatient but after I started getting more followers asking about certain pairs (that I didn't trade) I felt it was necessary to develop more of my weakness toward swing trading. I don't necessarily have a weakness in trading, it's more of what I'm comfortable trading. So here's a bit of insight to what I was seeing and some of the knowledge I picked up from a few ICT videos. As always gang, happy trading, trade well, and lets run it up from 2023 til infinity! You can help continue to grow the page by liking and following the channel, and if you get any value from this to boost it too! DISCLAIMER ***This page is for educational purposes only and is not intended for any financial arise. I am not a financial advisor nor do I manage any other accounts for users. Any trades you take will be of your own doing and P2P will not be held responsible.***
by Pips2Porsches
AW Euro Dollar Analysis - Looking For Wave 2 To Begin...Similar to what is happening in the Aussie dollar it looks like we are preparing a new bull market in the Euro. Expected end to this trend will be at around $2.30. In order to prepare that we need to for a base within Wave 2 after seeing what appears to be a completed 5-Wave move. That means that it is still early days, and we will be able trade within this corrective structure during that time. Now it will be all about understanding where each wave begins and where each wave ends in order to generate some profits. Check out the bigger picture analysis below. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research. ***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
by AriasWave