OMXCOP:VWS Recent pullback is a fine buying opportunity. Maybe we bottomed and break the downtrend now, Maybe we have a leg lower to ~120 - a chance to back up the truck. In any case this one will AT LEAST double in value over the next 3 years. Europe will make a lot of windmills in the next 3 years, it is vital for the future of European energy independence,...
Macro Monday 39 Euro Area Economic Sentiment Indicator (Next Release is this Wednesday 27th March 2024) Last week we covered the the Euro Area ZEW Economic Sentiment Index (the "ZEW Index") and learned that the sentiment data for the ZEW Index comes from 350 economists spanning the Euro Area (20 of the 27 EU member states that use the Euro currency). The...
Good Evening, Despite of the meetings the European Central Bank did and especially Bank of England in which it raised the inflation recently, we need to talk in technical analysis language and in an easy simplified language in which traders out there can claim what's going on. So here are the key points: - There is bearish order block set in 0.87081 level which...
The European equity index is a tough one to analyses. The index has had a strong recovery, however, there are still structural headwinds that the EU faces. Interest rates in the EU zone are unlikely to rise anytime soon whilst the Euro is likely to be deflationary going forward. The trading signals suggest that the index has reached a high point and needs a...
4000 is an interesting number for Europe 50 index. This is the value that acted as resistance in July 2007 which reversed around 80% of upward movement. Also, this was the highest point before the 2008 market crash. Europe 50 is increasing at an increasingly fast rate near a powerful resistance which could only be explained by one scenario. The market could very...
Let's see what the go is. This is a long term view based upon one very important principle. Why are we selling? Price is expensive and volatile - during the election process in the US, the worlds relationships are affected The election is coming closer <45 days. The S&P500 and NAS100 are not shown here but use reference for our previous ideas to show where...
4H Vision Explanation: - Price broke the Descending Trendline and started its up move. - Price reached our first target at the Resistance Zone . - Price has potential to move up towards our main target at the Major Resistance Zone . - However, the Bearish Divergence could be indicating a pullback to the Support Zone before going up. Take a look at our...
Bearish Head & Shoulders on $DAX This is a representation of the German economy, like the $DJI for the US economy. Price is currently holding at the trend line support. A break below would be a continuation of a downtrend caused by such a pattern. see more at: cryptoplanet.cash instagram: www.instagram.com telegram chat: bit.ly
4H CHART EXPLANATION - Price is currently on an Ascending Channel and, after bouncing on the bottom of it, theres potential to move towards the top. - Price is above the previous resistance, trying to mark new max. It is currently in a Bullish Corrective Structure to continue the up move. - If price breaks 3457, the target prices are determined by Fibonacci...
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 1 week Actions on - A – Activating Event Currency Pair creating a Double Top . B – Beliefs Market will be rejected at @1.5400 level and move towards the first Target 1 level @ 1.5100 FX:EURCAD Trade Management Entered @ Still waiting for confirmation. Stop Loss @ Still...
Comments in chart. Additional comments: 20 Monthly Moving Average is now serving as resistance. 200 Weekly Moving Average is now holding the support of price in the weekly chart. Should price action trend continue, should the DAX continue its downtrend, should additional negative economic news come out of the primary countries within the European Union, this...
Comments are located in the chart. If this trend continues, I expect the Euro to finally break its major support zone as well, with Germany being a large influencer of the European Union.
DAX is on the support. Watch out for breakout as it may happen within two hours or so! Keep in mind this may be a false breakout since most of the story is told by US equities not by european. This would be interesting however to see the failure of this october trendline.
It apears that DAX is likely to crash as it has formed a beautiful head and shoulder pattern. It is possible but I think DAX is less likely to break to the downside because: (a) DAX is completing the complex fourth Elliott wave which has retraced back exactly 38% of the third bullish wave started in June 2016. It is now likely to move up in the fifth wave. (b)...
We are currently at the TOP of a Bear Flag Pattern and we have an excellent Risk Reward I put my Stop Loss and Take Profit on the Graph. The Volume are also decreasing which validate the pattern.
This is one of my longterm portfolio trades, I've been a Bull since August last year and sold my position and reversed into a Bear in May, we're now back into the range box and after a pullback up to 1.55 (unless we get further Swiss strength and fall now), I'm expecting a move down to 1.13,, it may at some point pullback to the centre line, but with the current...
FX:GER30 FX:ESP35 BME:IBC FX:FRA40 INDEX:CAC European markets looks good after a negative open and leaving behind the minimum of the session they are seeking to reach important supports. FX:GER30 have resisted and maintained the 12000 support. US futures ES1! point to a slightly bullish opening, so that European indices are not affected by Chinese...
Our First Daily Technical Analysis Monday, January 08, 2018 EUR/USD under pressure? Let's take a look at this chart analysis. The Euro weakened against the US Dollar on Friday. So, EUR/USD expected to create a new support zone or confirm the lowest support area. We are expecting that the bulls will taking control on this pair once it bounce back the soonest...