EURUSD_116 2024.11.04 02:28:05 Trading Signal SELL

4 日前

FrankPro Signal for EURUSD_116

Type: Screen
Signal: SELL
TP: 1.08402
SL: 1.08954
Entry Price: 1.08885

Analysis for EURUSD

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

Forecast Methods(Short-Term, Long-Term):
[Method0] ST=Same LT=Down
[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 to continue its decline, testing the support area near 1.0825.
* However, oversold conditions and the narrowing yield gap may lead to an upward price rebound.
* A breakout above the resistance level of 1.0905 would confirm the growth option, while a drop below 1.0745 would indicate a continuation of the decline.
* Given the mixed signals, I would say that the price is likely to **stay the same** or experience a **slight decline** in the short-term, with a possible rebound later.

**Long-term (next few weeks/months):**

* The Elliott Wave Analysis suggests that the EUR/USD trend is down on the daily chart, with resistance at 1.11275.
* A decisive bullish breakout above 1.11275 would suggest the end of the downtrend.
* However, the poor performance of European equities and weaker-than-anticipated earnings in Europe may continue to undermine the market mood, supporting the US Dollar.
* Considering the long-term downtrend and the potential for a bearish wave C zigzag pattern, I would say that the price is expected to **go down** in the long-term, with a possible target below 1.0745.

Please note that these assessments are based on the provided analysis and are subject to change as new information becomes available.

Result: [Method0] ST=Same LT=Down


Analysis Method(1)

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

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

* The pair is expected to attempt to continue its decline, testing the support area near 1.0825.
* A potential upward price rebound and continued growth towards the area above 1.0995 is possible.
* The technical analysis suggests a bearish trend, but a corrective advance is possible.
* The Momentum indicator is heading south near oversold readings, which could indicate a potential upward correction.

**Expected price movement:** Down (testing support near 1.0825) followed by a potential Upward correction.

**Long-term (remainder of 2024 and beyond):**

* Most analysts expect the EUR/USD exchange rate to appreciate, reaching fresh yearly highs.
* The long-term trend is upward, with targets around the 2023 high of 1.1275 and potentially extending to 1.1495.
* The Elliott Wave Analysis suggests a potential bullish breakout above 1.1275, which would indicate the end of the downtrend.

**Expected price movement:** Up, with a potential target of 1.1275 and beyond.

Please note that these assessments are based on the provided analysis and are subject to change as new data and events become available.

Result: [Method1] ST=Down LT=Up


Analysis Method(2)

Based on the provided data, I will analyze the EUR/USD exchange rate and provide a short-term and long-term outlook.

**Short-term Analysis (November 2024)**

* The forecast for November 2024 suggests a slight decrease in the EUR/USD exchange rate, with an expected average of 1.085 and a forecasted end-of-month rate of 1.083, representing a -1.1% change.
* The technical analysis using Elliott Wave Theory indicates a downtrend on the daily chart, but an uptrend on the one-hour chart.
* The resistance level at 1.11275 and support level at 1.0768 are crucial levels to watch.

**Short-term Outlook:** Based on the analysis, the EUR/USD exchange rate is expected to **stay the same** or experience a slight decrease in the short term, with a possible range-bound movement between the resistance and support levels.

**Long-term Analysis (Quarterly and 12-month outlook)**

* The EUR/USD is expected to trade at 1.07 by the end of this quarter, representing a decrease from the current level.
* In 12 months, the exchange rate is expected to be at 1.05, indicating a further decline.

**Long-term Outlook:** Based on the analysis, the EUR/USD exchange rate is expected to **go down** in the long term, with a possible decline of around 3-4% from the current level over the next quarter and a further decline of around 5-6% over the next 12 months.

Please note that these outlooks are based on the provided data and analysis, and market conditions can change rapidly. It's essential to stay up-to-date with the latest news and analysis to make informed trading decisions.

Result: [Method2] ST=Down LT=Down