EURUSD Weekly Forecast Analysis 28 Nov-2 Dec 2022

28 בנוב׳ 2022

EURUSD Weekly Forecast Analysis 28 Nov-2 Dec 2022

We can see that this week, the current implied volatility is around 1.65% , down from 1.86% of last week.
According to ATR calculations, we are currently on the 13th percentile, while with EVZ we are on 1th percentile.
Based on this data, we can expect on average, the movement from open to close of the weekly candle to be :
In case of bullish - 1.185%
In case of bearish - 0.966%

With the current IV calculation, we have currently 30% that the close of the weekly candle is going to finish either above
or below the next channel:
TOP: 1.057
BOT: 1.018

At the same time, taking into consideration the high/low touch calculation from the previous values, we can expect for this week:
30% chance that we are going to touch the previous low of the weekly candle of 1.022
70% chance that we are going to touch the previous high of the weekly candle of 1.045( already hit)

Lastly from a technical analysis point of view, currently 4% of the moving averages rating, are insinuating we are in a BULLISH trend.