Fundamentals The war in Ukraine and the resulting sanctions have led European countries such as Germany to rethink their dependency on Russian natural gas. In fact most European countries are actively pushing for banning Russian natural gas imports and substituting it from other sources. Such a move requires a massive investment in new natural gas infrastructure,...
Such a thought provoking chart. Monthly log scale and chart is forming a symmetrical wedge. There are so many scenarios at play right now that either push Europe into a breakout economy or into a turmoil. No specific trade here or anything. Current chart looks like it will be harder to go much lower here but we'll see.
IEV Europe broke down from 50, a previous top several times. If it will not reclaim 50 next week, it may go down again to retest the previous breakout from a BIG 2007 triangle at around 45, which is also the FIBO 0.382 level. If 45 will not hold, then the FIBO 0.618 at around 40 will be the ultimate low. Not trading advice
Hey traders, in today's trading session we are monitoring EURCAD for a selling opportunity around 1.372 zone, once we will receive any bearish confirmation the trade will be executed. Keep in consideration also BoC Rate statement this week where we expect a hike of 0.50 which gonna contribute to CAD strength. Trade safe, Joe.
FEZ bounced right off the volume shelf where the POC is as well. It looks like it's going to have another V-shaped recovery after selling off heavily. Its RSI is oversold, and MACD looks like it could be beginning to turn around. Overall the weekly chart looks good. It may be smart to wait for FEZ to crack $40.50 or $41 on high volume for extra confirmation....
Hey traders, in the coming week we are monitoring EURUSD for a selling opportunity around 1.088 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
European Union ban on Russian oil weakens the euro in the short term, my targets being the COVID lockdown levels: 1.078 and 1.063. Looking forward to read your opinion about it.
Hey traders, in today's trading session we are monitoring EURCHF for a buying opportunity around 1.015 zone. once we will receive any bullish confirmation the trade will be executed. Trade safe, Joe.
Pretty self explanatory, TP spot has been identified as the distance from the top of the head of the pattern to the base. Inflation worries might be causing concern that the governments will be increasing interest rates to tackle which would obviously mean that the markets would react negatively. Would only buy on the break of the base with a retest that...
The Swedish krona is among the major currencies that are susceptible to the latest developments in East Europe alongside the Euro, and both have been a basis for market sentiment surrounding the conflict on markets and economies. On March 7, as the third round of peace talks capped off without any breakthroughs and as energy prices surged to a 14-year high, the...
Hey traders, in today's trading session we are monitoring EURAUD For a selling opportunity around 1.452 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
Hi Elliotticians. Current corrective price movement on the hourly chart of EURJPY is a sign that market is in a pullback, and that prices may trade slower for a bit, before the upward price activity may resume. A shallow correction can be underway, labelled as an W-X-Y move, which can find support at the lower parallel channel line. If price suddenly recovers in...
Hey traders, in this week we are monitoring EURJPY for a selling opportunity around 135.6 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
Hey traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.092 zone, once we will receive any bullish confirmation the trade will be executed. Trade safe, Joe.
Hey traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.83 zone, once we will receive any bullish confirmation the trade will be executed. Trade safe, Joe.
Just an an idea and trade at your own risk. EURUSD remains bearish after breaking a bearish flag on the daily timeframe (still to be confirmed by today's close). The next target is at the following demand zone at 1.06 and the lower downtrend line frame.
Hey traders, in this week we are monitoring EURGBP for a long term buying opportunity around 0.837 zone, once we will receive any bullish confirmation the trade will be executed. Trade safe, Joe.
Hey traders, in this week we are monitoring EURJPY for a long term selling opportunity around 136.5 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.