Hello everyone,
This week, I offer my analysis of the movements of $GER30 during the week and my outlook for next week.
Have nice reading and be pleased to comment if you want.
First,I want to apologize for last week. Due to lockdown in France, I didn’t have time to formalize my analysis.
So, what happens last week?
Monday: The first take profits day… A small fall of $GER30 which took place in two phases the first one during the European opening and then the second one during the US opening.
Tuesday, was in the continuation of Monday.
Wednesday: I will call Wednesday a calm day because all the profit taken were supported by an investor whom was happy to enter during a retracement.
Thursday: The day started in the middle of the range, thus, it roses to the upper part of the range and when it roses too much a big take profit occurred.
Friday, it tested the complete range… after a fall due to the rise of interest rates in Russia, the GER30 was pushed towards the upper part of the range by the good indicators in the US.
We are currently in the range 15175 - 15275, thus my perspectives for next week are:
- Monday in the morning, the futures will try to rise but the recent high in the $US30 will push all the indices down;
- Then during the rest of the week I think it will continue in his take profits cycle because the end of the month is coming.
What to follow next week?
- Monday: German Business Climate, Core Durable Goods Orders;
- Tuesday: Japan Interest rates, US CB consumer confidence ;
- Wednesday: FED interest rates decision;
- Thursday (Big day like always):
- German Unemployment change;
- US: GDBP, initial jobless claims.
- Friday: Chinese manufacturing PMI, European CPI.
I wish you a good trading week,
Please feel free to ask me questions, I will be glad to connect with you over the comments or by private messages.
Stay safe,
Alexandre
This week, I offer my analysis of the movements of $GER30 during the week and my outlook for next week.
Have nice reading and be pleased to comment if you want.
First,I want to apologize for last week. Due to lockdown in France, I didn’t have time to formalize my analysis.
So, what happens last week?
Monday: The first take profits day… A small fall of $GER30 which took place in two phases the first one during the European opening and then the second one during the US opening.
Tuesday, was in the continuation of Monday.
Wednesday: I will call Wednesday a calm day because all the profit taken were supported by an investor whom was happy to enter during a retracement.
Thursday: The day started in the middle of the range, thus, it roses to the upper part of the range and when it roses too much a big take profit occurred.
Friday, it tested the complete range… after a fall due to the rise of interest rates in Russia, the GER30 was pushed towards the upper part of the range by the good indicators in the US.
We are currently in the range 15175 - 15275, thus my perspectives for next week are:
- Monday in the morning, the futures will try to rise but the recent high in the $US30 will push all the indices down;
- Then during the rest of the week I think it will continue in his take profits cycle because the end of the month is coming.
What to follow next week?
- Monday: German Business Climate, Core Durable Goods Orders;
- Tuesday: Japan Interest rates, US CB consumer confidence ;
- Wednesday: FED interest rates decision;
- Thursday (Big day like always):
- German Unemployment change;
- US: GDBP, initial jobless claims.
- Friday: Chinese manufacturing PMI, European CPI.
I wish you a good trading week,
Please feel free to ask me questions, I will be glad to connect with you over the comments or by private messages.
Stay safe,
Alexandre