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What Happens Next When the Euro Falls 6 Weeks in a Row

Currencies / Euro May 31, 2018 - 06:39 PM GMT

By: Troy_Bombardia

Currencies

The Euro has been going down recently.

  1. The EURUSD is already down 6 weeks in a row.
  2. If it closes lower this Friday than it did last Friday, the EURUSD will be down 7 weeks on a row.

In this study we’re going to look at:

What happens next to the Euro when it falls 7 weeks in a row (using CLOSE $)

We’re also going to look at:

What happens next to the Euro when it falls 7 weeks in a row (in case this Friday closes higher than last Friday).

As you can see, the Euro’s forward returns are terrible on a short term and medium term basis. In other words, falling 6 or 7 weeks in a row indicative that the Euro is in a downtrend.

Here are the forward returns. Look at all the red.

Click here to download the data in Excel.

Here are the 4 historical cases in which the Euro fell 6 consecutive weeks.

January 20, 2015

February 16, 2010

August 7, 2000

November 22, 1999

Conclusion

This study is a short-medium term bearish sign for the Euro. It is a short-medium term bullish sign for the U.S. Dollar.

Click here for more market studies.

By Troy Bombardia

BullMarkets.co

I’m Troy Bombardia, the author behind BullMarkets.co. I used to run a hedge fund, but closed it due to a major health scare. I am now enjoying life and simply investing/trading my own account. I focus on long term performance and ignore short term performance.

Copyright 2018 © Troy Bombardia - All Rights Reserved

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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