[EUR] Still Strong Greenback 2018 1115

cf. [EUR] Still Strong Greenback 2018 1114
cf. [USDX] Long Bias on US Dollar Index 2018 1109
cf. [EUR]Strong Greenback 2018 1031

The fundamental of Euro doesn't support the long bias of currency pair EUR/USD or futures of euro, Euro-FX. The consensus of GDP in Euro zone, next year is expected to 1.9 percent adjusted 0.1 percent point from 2.0 percent, and EU authority requested the adjusted Italian budget plan but Italy authority reportedly does not submit the revised budget plan. The negotiation about England's leaving, Brexit raises the uncertainty to euro. But the market participants predict U.S. Fed will raise its benchmark interest rate, Federal Funds Rate in December.

Greenback, the key currency in the world has risen, and its trend is expected to keep upward trend. Some economists think U.S. economy passed the peak and will lower its GDP growth rate. But the long bias to greenback is effective in mid term.

The weekly chart of currency pair, EUR/USD tries to build Head-and-Shoulders Pattern which signals price down. We need to watch the market of EUR/USD with short bias, that is, Buying US dollar and Selling Euro. The four-hour chart shows the price of the pair rising since Tuesday, but it tries to pass over 20 Moving Average. If the price continues to rise the price should face the correction, and its hike lose its power. If it make the price-rising pattern, double-bottoms pattern or reverse Head-and-Shoulders pattern, the price will fall to 1.1230s. The price in the one-hour chart contacted 120 exponential Moving Average and tries to rise again, but it may fail and turn down.

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Gjallarhorn, Heimdallr, EUR/USD, EUR, Euro, 걀라호른, 헤임달, 유로/달러, 유로화================

[EUR] Still Strong Greenback 2018 1114

EUR/USD four-hour chart, source:FXDD.com

[EUR] Still Strong Greenback 2018 1114

cf. [USDX] Long Bias on US Dollar Index 2018 1109
cf. [EUR]Strong Greenback 2018 1031

The fundamental of Euro doesn't support the long bias of currency pair EUR/USD or futures of euro, Euro-FX. The consensus of GDP in Euro zone, next year is expected to 1.9 percent adjusted 0.1 percent point from 2.0 percent, and EU authority requested the adjusted Italian budget plan but Italy authority reportedly does not submit the revised budget plan. The negotiation about England's leaving, Brexit raises the uncertainty to euro. But the market participants predict U.S. Fed will raise its benchmark interest rate, Federal Funds Rate in December.


Greenback, the key currency in the world has risen, and its trend is expected to keep upward trend. Some economists think U.S. economy passed the peak and will lower its GDP growth rate. But the long bias to greenback is effective in mid term.


The weekly chart of currency pair, EUR/USD tries to build Head-and-Shoulders Pattern which signals price down. We need to watch the market of EUR/USD with short bias, that is, Buying US dollar and Selling Euro. The four-hour chart shows the price of the pair rising since Tuesday, but it tries to pass over 20 Moving Average. If the price continues to rise the price should face the correction, and its hike lose its power. If it make the price-rising pattern, double-bottoms pattern or reverse Head-and-Shoulders pattern, the price will fall to 1.1230s. The price in the one-hour chart contacted 120 exponential Moving Average and tries to rise again, but it may fail and turn down.





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Gjallarhorn, Heimdallr, EUR/USD, EUR, Euro, 걀라호른, 헤임달, 유로/달러, 유로화

[USDX] Long Bias on US Dollar Index 2018 1109

cf. [EUR]Strong Greenback 2018 1031

On last Wednesday, November 7, US dollar index fell but it showed the support line at 95.76 in four-hour chart. The index continued its rally breaking 97 again and the long bias to USDX seems to be still available.

The circumstance around the currency market is friendly to US dollar. GDP growth of euro zone is lower than that of United States, and EU refused the budget plan of Italy and requested the adjusted plan. Italy authority should submit the budget plan till Tuesday. The expected Euro zone's GDP growth is adjusted 2.0 percent to 1.9 percent.

Economy growth in next year is not clear. Economy institutes predict 2.5 percent of U.S. GDP growth and China, one of G2 would record GDP growth to be 6.2 percent, lower than tentative 6.6 percent in this year. It is reportedly central banks in economy major countries buy gold and expect the fall of greenback.

In short term, U.S. dollar index will rise, it may face the correction in long term, next year.


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Gjallarhorn, Heimdallr, EUR/USD, EUR, Euro, 걀라호른, 헤임달, 유로/달러, 유로화

[GBP] Downward Pound 2018 1109

GBP/USD four-hour chart, source:FXDD.com

As euro does, GBP/USD, one of the major currency reduces its peaks in weekly chart. It may be available to keep the short bias of GBP/USD.

Since November 7, the price of the currency pair falls and it seem to keep its downward trend. The falling Pound reached bottom band of Bollinger Bands in four-hour chart and broken central line doesn't support Pound's rebound in the bands. And one-hour chart attempts to build the pattern but it may be failed due to bigger time chart.

The economy medias report the gloomy economy in next year. The United States is expected to get just 2.5 percent of GDP growth and China, one of G2 would record GDP growth to be 6.2 percent, lower than tentative 6.6 percent in this year. Some economists predict gold price up and greenback down in next year. Weak greenback means strong its pair, such as British Pound, euro, Japanese Yen and so on. The short bias to the major currency pairs may face shift to long.

In this year, long bias to greenback may be supported.


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Gjallarhorn, Heimdallr, EUR/USD, EUR, Euro, 걀라호른, 헤임달, 유로/달러, 유로화