Euro Dollar Forex forecasts chart trend analysis May 2021

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Euro Dollar Forex forecasts tomorrow trend analysis 2021

Euro Dollar Forex forecasts today in the short, medium and long term through the Stock Market cycles of the American economist William Gann.

Eur Usd forecasts: short term technical chart

Eur usd forecast today
Euro Dollar weekly 04.16.2021

Euro Dollar short term technical analysis

The dynamics of the Euro Dollar since early January 2021 has undergone a deep change compared to the previous months of 2020.

In particular, in the period of November – December of last year, the short and medium-term trend was positive:

in fact, the prices of the Euro from 1.16 area have reached the first dynamic resistances at 1.2349.

However, the weekly Sets Up of 08 January and 26 February 2021 have generated important corrective movements.

In fact, from a top of 1.2350, the single currency has reached 1.17 area at the end of March on the 1X2 and 1X16 dynamic supports, radiated by the Stock Exchange software in yellow and blue color respectively.

From these angles we are observing a technical rebound in these days of April, which is bringing the European currency back to the dynamic resistances radiated by the tops of January and February of this year.

The next week of April 23 coincides with the deadline of a weekly Set Up.

We observe in the short video the evolution of the dynamics, with all the turning points and inversion of the trend together with the values ​​of the angular supports and resistances.

 

 

Euro Dollar monthly trend

Euro Dollar forex forecast
Euro Dollar monthly 04.16.2021

From the monthly Set Up of March 2020 the Euro Dollar market on the basis of the 1X2 Zero angles has restarted the positive trend in the medium term (visible by ascending yellow vectors).

During the initial phase of the Bull-Campaign, the Euro found several obstacles, in particular the monthly Set Up of September 2020 and the 1X8 descending vector which hindered the trend in last August-September and October.

However, the time cycle that expired in December restored the growing trend of the Euro, bringing the prices close to the area of ​​the top of 2018.

Unexpectedly, the monthly Set Up of March 2021 showed a restart of the medium-term negative trend.

This negativity was only temporarily stopped by the 1X2 Zero angles that had previously generated the positive phase of early 2020.

A possible return below 1.1670 will confirm the corrective dynamics underway.

Further supports at 1.1680; 1.1360.

Euro Dollaro mensile 16.04.21

From the monthly Set Up of March 2020 the Euro Dollar market on the basis of the 1X2 Zero angles has restarted the positive trend in the medium term (visible by ascending yellow vectors).

During the initial phase of the Bull-Campaign, the Euro found several obstacles, in particular the monthly Set Up of September 2020 and the 1X8 descending vector which hindered the trend in last August-September and October.

However, the time cycle that expired in December restored the growing trend of the Euro, bringing the prices close to the area of ​​the top of 2018.

Unexpectedly, the monthly Set Up of March 2021 showed a restart of the medium-term negative trend.

This negativity was only temporarily stopped by the 1X2 Zero angles that had previously generated the positive phase of early 2020.

A possible return below 1.1670 will confirm the corrective dynamics underway.

Further supports at 1.1680; 1.1360.

A possible return below 1.1670 will confirm the corrective dynamics underway.

While for prices of the currency above 1.2140 it will indicate a new medium-term upward trend.

Euro Dollar exchange rate long term forecasts

euro dollar forecast 2021
euro dollar quarterly 04.16.2021

As can be seen in the slide just above in the first quarter of 2021 the Euro’s bullish trend has come to a halt compared to the previous quarters of 2020.

The long-term trend is still positive, but reaching the 1.1550 area would change the long-term technical frame, which from bullish would turn lateral positive.

How to trade with the Gann technique

Applying the Gann technique with normal computer is not easy, as specialized software is needed in the application of this forecasting economic theory.

The Top Trader (c) Stock Exchange software was conceived with the sole purpose of trading through the Gann technique and Hedging strategies with Plain Vanilla Call and Put Options.

In fact, many investments and financial speculations are no longer made with the sole help of a forecasting specialist technique, but also with strategies aimed at protecting capital if financial shocks cause trend reversals.

For this purpose in the Top Trader software (c) it will be possible to create Hedging strategies with Options, have static and dynamic payoff charts, have the information of the Greek and shape the implied volatility on each base strike.

 

 

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