Euro Dollar forecast today: technical analysis December 2020

Eur Usd analysis tecnique

Euro Dollar forecast today: Eur Usd technical analysis

Euro Dollar forecast today: course and weekly and monthly trend through the theory of the famous economist W.D. Gann.

Euro Dollar technical analysis weekly graphic

eur usd forecast 2021
euro dollar settimanale 20.11.20

Eur Usd short term forecast

In the year 2020, in particular in March, the Euro has started the formation of a new Bull-Campaign.

However, the initial phase of the new uptrend has been very stormy.

Indeed, as soon as the prices of the currency market have reached the 1X4 descending angular resistance in the 1.1490 area, they have reversed the directionality (in purple in the photo).

The corrective force, generated after a few days, has pushed prices well below the starting low of 21 February.

A lateral dynamic ensued which is exhausted at the expiration of the weekly Set Up of May 22-29.

In this period, the most markedly directional phase has begun, as the price-time ratios has begun to move away from the Drift to accelerate on an 2X1 angle, that is of double value.

However, towards the end of June, the braking action of the same 1X4 angular resistance of March, has lateralized the dynamics of the Euro in the 1.14 area, for a short period.

However, this time the rising strength of the currency, at the end of the time cycle of 10-17 July, has broken up the angular resistance and accelerated positively, reaching the next dynamic obstacle in the area of ​​1.20.

In August, it was observed that the Euro has tried several times to break the 1X8 angle upwards, but was unsuccessful (blue angular vector in the photo).

Between mid-August and mid-September the currency Cross has undergone a momentary distribution, which is ended in a correction in the weekly Set Up on September 25th.

Prices have returned to the value of the 1X1 ascending angle in the 1.16 area, radiated by the software in red color and visible on the photo above.

Even if there has been this irregular Flat we can see how the Open Interest levels have remained intact and delineated in an ascending sense.

We observe in the short video below the price-time objectives, the next angular resistances and the relative supports of the Euro Dollar.

Euro Dollar monthly trend

euro dollar forecast today
euro dollar monthly 11.20.20

In the monthly time frame it can be observed how the 1X2 Zero ascending angles, radiated in yellow, has interrupted the negative lateral trend of 2019.

The lows of last March, April and May were all perfectly intercepted by these supports, which allowed the Euro to establish a new bullish trend in the medium term.

In the photo just above it can see how the 1X8 descending dynamic resistance originating in February 2018 (blue colored in the photo) has hindered the bull run in August.

The last monthly Set Up recently expired was September 2020.

In fact, in this month it was possible to observe the formation of a bearish out-side.

This strongly negative signal is developed more in the temporal dimension than in the price dimension.

Throughout October, together with November, the European currency has lateralized rather than developing a corrective dynamic in prices.

Also in this case the 1X1 ascending red angle in the slide has supported the Euro, preventing it from returning to the 1.15 area on the 1X2 Zero angle.

Indeed, the prices of the single currency are returned to the 1X8 descending dynamic resistance, the same that prevented further upward acceleration in the 1.19 area in August and the bullish break of this obstacle is near.

First resistances 1.2130.

Euro Dollar long term forecast

anlysis technique eur usd
euro dollar quarterly 11.20.20

The long term was not affected by this positive pause between the end of the third quarter and the beginning of the fourth quarter 2020.

The dynamics is positive, next resistances 1.2190.

Studying a financial market using the Gann technique with the Top Trader© software

The Top Trader© software has undergone several code evolutions, as the functions have been expanded to concretely apply the Gann theory.

One of the most interesting features in the study of a positioning is that relating to the study of a Hedging portfolio with the Call and Put options.

Indeed, the program not only allows you to view a payoff at maturity, but also allows you to simulate a portfolio day by day, allowing you to build different strategies with different volatility and with different maturities.

The program is accessible from this blog.

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