EURO

The BEGOS acronym letter ‘E’ is for the Euro/USD exchange rate as priced by its futures contract on The Chicago Mercantile Exchange and Globex.

Market Value

When the Euro crosses the valuation line, we expect the price to continue in the same direction. But when the price gets too far away from the valuation line we expect the trend may be ending.

Lower panel description: It is the deviation of Euro price from value. When the deviation becomes relatively extreme, again the trend may be near its end.

1. Euro’s daily closing price from a year to date

2. Euro’s smooth valuation line

Market Trend

These are the Euro’s daily bars for the last three months to-date. The blue dots denote trend consistency. When the blue dots break above -80% line, higher prices are anticipated. When the blue dots break below +80% line, lower price is anticipated.

Market Profile

The Euro’s Profile shows the amount of contract volume traded at every price point for the last two weeks. The longest lines are indicative of price support and resistance. The colored lines represent the most recent trading day with the white bar as the closing price.

Market Magnet

The Euro’s Magnet is the volume-weighted consensus price of the Euros’ Market profile. Similar to Euro’s Market value analysis, when the Euro crosses the Magnet, we expect price to continue in the same direction. But when the price gets too far away from the Magnet, we expect the trend may be ending.

Market Range

The Euro’s Market Range is the expected distance that it will cover the ensuing trading day. This “Expected Daily Trading Range” (EDTR) it gives a rational, acceptable estimate as to how far the market may move.

Market Rhythm

The Euro’s bet Market Rhythm recently to-date is displayed in the Market Rhythm chart. As show in the chart, it is the Euro’s 12 hour MACD. When this rhythm has been positive the Euro’s price is shown in Green and when it has been negative the price is shown in Red.