EUR/USD Weekly Volatility Analysis 5-9 Dec 2022

5 дек. 2022 г.

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