EURUSD_106 2024.11.05 06:21:06 Trading Signal SELL

5 нояб.

FrankPro Signal for EURUSD_106

Type: Screen
Signal: SELL
TP: 1.08264
SL: 1.08864
Entry Price: 1.08789

Analysis for EURUSD

Forecast Overall(Short-Term, Long-Term): ST=Strong Down LT=Probably Up

Forecast Methods(Short-Term, Long-Term):
[Method0] ST=Down LT=Up
[Method1] ST=Down LT=Up
[Method2] ST=Down LT=Down


Analysis Method(0)

Based on the provided analysis, here is my assessment of the EUR/USD pair's expected price movement:

**Short-term (next few days):**

* The pair is expected to attempt a decline and test the support area near 1.0715.
* The correction phase is ongoing, and any upward movement is unlikely to be strong without supportive news for the euro.
* The US presidential election on November 5 may introduce volatility, but the US dollar is expected to remain strong.

**Expected price movement:** Down (testing support near 1.0715)

**Long-term (medium-term outlook):**

* The EUR/USD pair is expected to continue its medium-term decline.
* The moving averages indicate a bullish trend, but this is subject to the ongoing correction and market volatility.
* A potential growth target above 1.1185 is anticipated after the upward rebound.

**Expected price movement:** Up (after the initial decline, with a potential growth target above 1.1185)

Please note that these assessments are based on the provided analysis and are subject to change as market conditions evolve.

Result: [Method0] ST=Down LT=Up


Analysis Method(1)

Based on the provided data, here is my analysis of the EUR/USD pair's expected price movement:

**Short-term (November 4-8, 2024)**

* Expected price movement: Down, followed by a potential upward rebound
* Reasoning: The pair is currently in a correction phase after a month-long decline, and analysts expect an attempt to develop a decline, testing the support area near 1.0715. However, a potential upward rebound and growth towards the area below 1.1185 is also expected.
* Technical analysis supports this view, as the pair has broken through the area between the signal lines downwards, suggesting pressure from buyers of the European currency.

**Long-term (remainder of 2024)**

* Expected price movement: Up, with moderate growth and minor corrections
* Reasoning: Many analysts, including LongForecast, expect the EUR/USD exchange rate to appreciate throughout the remainder of 2024, reaching fresh yearly highs. While some forecasts, like those from WalletInvestor, suggest a slight decline, the overall sentiment is bullish.
* The European Central Bank's potential interest rate cuts and the Federal Reserve's rate decisions are influencing factors, but the market has already priced in the entire cycle of monetary policy easing in the U.S.

**Note**: The US presidential election on November 5 is expected to introduce volatility, which may impact the pair's movement in the short term.

Result: [Method1] ST=Down LT=Up


Analysis Method(2)

Based on the provided analysis, here is my assessment of the EUR/USD pair's expected price movement:

**Short-term (next few days):**

* The pair is in a correction phase after a month-long decline, and there are grounds for the euro to rise.
* However, the correction is unlikely to be strong without continuous supportive news for the euro.
* The key level to watch is 1.0845-1.0851; if the pair remains below this area, it could indicate a continuation of the decline.
* Given the upcoming U.S. presidential election, significant volatility is expected in the market.

**Expected short-term movement:** Neutral to slightly bearish (price may stay the same or go down)

**Long-term (next few months to a year):**

* Analysts expect the EUR/USD pair to potentially continue its medium-term decline.
* The market has already priced in the expected monetary policy easing in the U.S., which may support the dollar's strength.
* Forecasts suggest that the EUR/USD could trade at 1.07 by the end of this quarter and at 1.05 in 12 months.

**Expected long-term movement:** Bearish (price expected to go down)

Please note that these assessments are based on the provided analysis and may not reflect the actual market movement. The foreign exchange market is highly volatile and subject to various factors that can influence price movements.

Result: [Method2] ST=Down LT=Down