EURUSD_106 2024.11.05 11:50:05 Trading Signal SELL

3 日前

FrankPro Signal for EURUSD_106

Type: Screen
Signal: SELL
TP: 1.08429
SL: 1.09077
Entry Price: 1.08996

Analysis for EURUSD

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

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


Analysis Method(0)

Based on the provided analytical news and forecasts, I will analyze the data and provide a prediction for the EUR/USD pair's price movement in both the short-term and long-term.

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

* The EUR/USD pair is expected to continue its decline and test the support area near 1.0835.
* A breakout below 1.0735 would cancel the growth option and indicate a continuation of the fall to around 1.0565.
* The pair is showing sideways momentum, forming an upward channel on the 4-hour chart, but a break above 1.0922 could signal a move higher.
* Significant FX option expiries at 1.0900 (1.7 billion EUR) could influence price action around this level.

**Prediction for short-term:** The price is expected to go **down** in the short-term, with a potential test of the support area near 1.0835. However, if the pair breaks above 1.0922, it could signal a move higher.

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

* The EUR/USD pair is expected to continue its growth towards the area above 1.1045 after a rebound from the upper border of the broken channel.
* Technical indicators suggest a corrective advance is possible, but the risk remains skewed to the downside.
* The European Central Bank (ECB) policy announcements and economic indicators, such as French Industrial Production and Spanish unemployment, could influence the pair's price movement.

**Prediction for long-term:** The price is expected to go **up** in the long-term, with a potential growth towards the area above 1.1045. However, the risk remains skewed to the downside, and the pair's price movement will depend on the ECB policy announcements and economic indicators.

**Stability:** The pair's price movement is expected to be **volatile** in the short-term due to the ongoing U.S. elections and significant FX option expiries. However, in the long-term, the pair's price movement is expected to be more **stable**, with a potential growth towards the area above 1.1045.

Result: [Method0] ST=Down LT=Up


Analysis Method(1)

Based on the provided analysis, here are my conclusions for the EUR/USD pair:

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

* The pair is expected to experience sideways momentum due to the uncertainty surrounding the U.S. presidential election and the upcoming ECB policy announcements.
* Technical indicators suggest a possibility of a corrective advance, but the overall trend remains bearish.
* Support levels at 1.0875, 1.0840, and 1.0805 are likely to be tested, with a potential rebound towards the resistance level of 1.0910.
* Market sentiment is cautious, which may lead to increased volatility.

**Expected short-term price movement:** Down (testing support levels) or sideways (due to uncertainty and caution)

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

* The forecast suggests an attempt to continue the decline in the pair, followed by a potential upward price rebound and continued growth towards the area above 1.1045.
* A breakout above the resistance level of 1.0975 could confirm growth for the EUR/USD pair.
* Fundamental factors, such as the U.S. presidential election outcome and economic indicators from the U.S. and Europe, will influence the pair's long-term direction.

**Expected long-term price movement:** Up (potential growth towards 1.1045 and above)

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

Result: [Method1] ST=Down LT=Up


Analysis Method(2)

**Short-term Analysis (Next few days to 1 week)**

Based on the current market conditions and technical analysis, I expect the EUR/USD price to remain relatively stable, with a slight bearish bias. The pair is currently trading above the $1.0872 support level, but the technical indicators such as the RSI are neutral, indicating a lack of strong momentum.

The upcoming U.S. election results and key economic data releases, including the U.S. Trade Balance and ISM Services PMI, are likely to influence the pair's movement. If the support at $1.0872 fails, the pair may decline toward $1.0850 or even $1.0830.

**Probability of price movement:**

* Down: 55%
* Up: 30%
* Same: 15%

**Long-term Analysis (Next few weeks to 1 month)**

In the long term, I expect the EUR/USD price to rebound and continue its growth toward the area above $1.1045. The European economic data, although mixed, showed some positive signs, particularly from Germany. The revised PMI data for the Eurozone also indicated some positive momentum.

The technical analysis suggests that a break above $1.0922 could signal a move higher, with a potential buy zone around $1.0872-1.0865. If the pair can close above $1.0975, it would indicate a bullish trend.

**Probability of price movement:**

* Up: 60%
* Down: 25%
* Same: 15%

Overall, while the short-term outlook is cautious and slightly bearish, the long-term outlook is more bullish, with the potential for the pair to rebound and continue its growth.

Result: [Method2] ST=Down LT=Up