People,
we are still involved only in G7-those who read this know about this! Working people cmon! ;)
Ok, we evolved EUR (G7) vs USD (G7) on different TF and also different calculations of TF(timeframes). We here have included general calculation for EUR and USD currency against G7. So this is like EUR and USD index but with exactly the same ponders on them!
As you can see, red line represent (basic currency - EUR) and the blue one secondary currency (in this example - USD). On horizontal axis are different time shells...lets say on monthly chart number 4 percentage is for 4 months back. And so on for every TF. 1 is for 1 TF back.
First line of graph is made out of:
**Calculation 1
Open price in month(TF) x and close price in month(TF) x - and we get percentage.
Of course this is made for any TF and every G7 currency pair.
Second line of graph is made out of:
**Calculation 2
Open price in month(TF) x and close NOW (1M) - and we get percentage.
For every TF and every G7 currency pair.
ANALYSIS:
On monthly we can see that USD is gaining on both charts. Exact and cumulative. We can see that it is making HH -Higher highs. Meanwhile EUR still very solid on graphs.
As we can see that on WEEKLY second graph we are crossing 0,00% from both sides. USD gaining some ground and EUR on pressure. On a daily charts both currencies in positive ground, still USD "cheaper" than EUR.
On 4H charts again crossover seen on territory around 0,00% and both directions are for now focused on EUR strength-still we can see that on 4h red line is loosing its ground-making lower lows on graph-looking just technically if I may. Also USD making HH both times.
On 1H chart we can see that EUR still looking strong. But for now will not buy it. If I look this analysis I can say that EURUSD is on a sell button. Entry levels will be presented as soon as I get my machine working.
Have pleasant dreams ;)
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