When leading economies stably show statistics worse than analysts' forecasts and signal a slowdown in economic development, Britain continues to surprise with industrial production and GDP outcome on Monday, then on Tuesday, the statistics on the labor market turned out to be better than forecasts. In particular, the unemployment rate went below the forecast, and...
EU has hit the support on the weekly, daily and 4 hour descending wedge. Be prepared for a long movement with plenty of opportunities to enter. Last 4 hour close candle supports the potential reversal.
EU broken the up Trend Waiting for SELL signal
German Retail sales fell 2.2%, and Germany having the highest GDP out of all countries in the EU will effect the EU's GDP significantly. Causing a continue in the Bear trend on the weekly chart with a possible resistance of 1.09534
EU from a Bear's Eye View.... Momentum still Bearish on all time zones. Well below 200 MA's. Below 33 MAs. Candles much Bear to me. But me not know. Breaking below 1.0602 zone would be Berry Bearish. Berry Bear Honey Pot TP Target Zones 1.08191 & 1.04950 . Will it reverse and much bull? Is Europe looking like Euro Politico & Economo looking much...
the dollar is weak so we could push up to test the trend line ..
Jerome Powell is expected to speak this week concerning the Treasury note yield curve. We’re looking to see an aggressive Fed to address the potential global recession, which means quantitative easing and another rate cut. This is a bearish signal for a weak dollar, due to the Fed debasing the currency by increasing dollars in rotation. This could bring in a...
broke support, .79 fib level lines up w institutional support as well as a crossing swing high trendline
EURUSD is 95% Bearish at this point and I'm hoping that the 1.12 zone holds - that way EU can continue south but if breaks up ----> 1.12 then this perhaps will change the entire bearish pattern and could take us North 1.14 or even beyond
Price has rejected off the top of the long term channel making an evening star formation, showing that a bull trap has been made to trap buyers & sellers quickly pushed price back below the yearly high resistance. Momentum shift now, will be anticipating that price will now look to make its way back to the bottom of the ascending trendline in the upcoming weeks ahead..
Ray Dalio is the founder of the world's biggest hedge fund firm, Bridgewater Associates, which manages $160 billion. An American businessman with an estimated net worth of $16.9 billion. He recently has published a quite interesting essay on his LinkedIn account. Ray Dalio thinks the current era of low interest rates and quantitative easing might be coming to an...
H4 Chart D1 Chart 29/6/19 Weekly bearish trend, price nearing resistance. IF breakout, bullish trend. Daily bullish trend Long term : BUY
as u guys see the chart on daily is forming a leg down, and the macd has already cross down. so its ready to drop.
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-WATCH FOR BREAKOUT -WAIT FOR RETEST -EXECUTE WITH CONFIRMATION