BME:IBC FX:ESP35 BME:IBC
Fear, unconfidence, uncertainly and anothers negative sentiment have come back?
Since 2016 we seeing a negative spread between Spanish index #Ibex35 and another European indexes like DY1! #Dax30 FX1! #EuroStoxx50 FY1! #Stoxx600
December 21st, 2015 starts the negative performance of the index (Starts RED BASELINE on...
EURUSD is dowtrending and we had some good treades last week selling the pair.... now might be time to give it up to bulls before bears come back and pushes the price lower and beat the current low.
Euro has broken existing resistance.... but does the euro zone find these high prices acceptable? .... or is the better question.... is the dollar actually going to go back higher? my target is 1.25....since im in from 1.19 im HODL status.
The european Index, DJ Euro Stoxx 50, representing the biggest 50 enterprises (marketcapitalisation) in Europe, has crossed the upper limit of the very long symmetrical triangle.
The fundamental data from EU-Zone and Europe are positive; only the EURO could be an obstacle because it had gained force in comparison with the US-Dollar. But this should change during...
Following positive news on consumer and industrial confidence , service sentiment and business climate gives us positive outlook on eurozone.
Technical analysis confirmations
1-Daily and 1H MA match
2-Price rejecting Daily MA21
3-RSI 6 divergence
4-Price formed strong pin bar at significant previous low on 4H chart.
5-Good risk-reward 2:1
Good morning, all! I hope you followed our previous updates on the Federal Open Market Committee, and it's potential impact on the market. The market reacted exactly the way we recommended in Gold Trade Idea - FOMC Meeting Minutes In Focus and in our previous morning review update. The US dollar dropped, causing bullishness in Gold. Let's see what's important...
Here I see an opportunity to go take a safe long position on the EURO CAD currency pair here a potential Target in mind. The specific coordinates are identified here on my chart. This should be a pretty easy target
Draghi is due to speak tonight during the ECB Press Conference. I guess today this is all market will talk about. The morning session up to this point has not hinted much, aside from EURAUD moving up due to AUD bad data, the rest is kinda sideway. Running into this event I don't have any particular insights, given the structure of first statement, followed by Q&A,...
Daily outlook: EUR/JPY down by 1.19%
Contrary to expectations, the Euro broke out from a symmetrical triangle in the downside direction.
In the process, the currency rate managed to bypass the medium-term ascending channel’s bottom trend-line, the monthly PP and R1 and the weekly S1 and S2.
Even though 70% of traders continue to remain bearish on...
This post is not intended to be an investment advice or a prediction. It´s simply a look at the current economic situation in the Eurozone based on macroeconomic data and historical behavior.
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Mario Draghi woke up the beast in Sintra (Portugal) with a speech that was interpreted as hawkish. At that time everyone understood the possibility of tapering by...
Based on 3M eurusd futures (black line) look forward for reversal in EURUSD (blue steps), with upcoming higher high targets within few years.
Time horizon: up 2023/24 yrs.
Talking Points:
Technical Strategy: Turning Bearish
Elliottwave Count : We are in process of completing wave B.
HTG Note:
Near term outlook suggesting to have one more leg up towards 0.89523 where wave (B) can be completed, post that, we can expect temporary bearish correction kick off which can be targeted well below 0.8010.
Action
Wait and see...
