After the big hummer for german auto industry last year, we escaped downtrend. The recovery however is shaky and for the better part of the year we were under mid of the pitchform. Earnings might help BMW above the redline or break below the pitchfork range. Keeping an eye on general DAX preformance too. Good luck and happy trading.
Going long on Germany 30 up to highs of 13000.00/13200.00/13400.00 . This might be a rough ride to our targets, you guys might want to enter this trade before prices exceed our resistance( 12600.00 ). Lets Go!
We see Double Bottom . Potential target on the chart. And Bearish flag forming? Let`s see. High risk trade! I will comment on the idea, as events unfold. Thank you for your attention.
Unless we close the weekly bar below 13127.5 X-mas rally is on and new price projection is 13577 sp500daytrader
Although the fake news would have you believe that the Eurozone is fast on its way to recovery, it is still mired with issues and the failed Euro is taking its toll on German yields. There is still geopolitical tension, a migrant crisis, and a huge stagnation in inflation that extends to the entire developed world. The Kovach Chande is incredibly bearish and we...
Rationale to short EURUSD : 1. Market pricing in the positive progression on German politics (coalition), lack of fresh news coming out of it, I am neutral on Euros right now (but keep my eyes peeled for the German CPI) 2. The "hawkish" statements by Powell, it should make the dollar supported for the day at least. 3. Technically, EURUSD making a lower-low...
Rationale for Bearish AUD : 1- Is there are a reason to be bullish AUD today? (I could be wrong!)
Hello there! We could have the last wave up. Risk/Reward is very good as trend's support is just below the price. Watch white rectangle for targets. Very clean trend channel without false breaks.
Possible flag pattern on EUR/USD 4 hour chart. Growing volumes should confirm the long scenario. Entry point just above the breakout of the descending trendline. First resistance level at 1.187 area; in case of brakeout towards 1.2
New possible scenario for DAX 0.95% . Potential targets on the chart. Let`s see. I will comment on the idea, as events unfold. High risk trade! Thank you for your attention.
As Bitcoin and Stocks are pretty much overbought right now, it is maybe a good idea to sell some Bitcoin on the next ATH (maybe 6900 - 7200$) and get some german bonds, as they are pretty safe, looking good on the chart and have pretty low returns yet, which could increase after other markets crash and so increasing the price people would pay for them . Just a...
Two possible scenario for DAX Potential targets on the chart. Let`s see. I will comment on the idea, as events unfold. High risk trade! Thank you for your attention.
In my opinion DB1 will do long up to weekly R1. Indicators (Slow Stochastich) support this decision. Good try also for intraday buy. Disclaimer: this is just my opinion, don't invest based on this.
Entry/target/exit shown on chart; monthly uptrend active.
Germany's construction PMI was recorded yesterday at an 8 month low of 53.4, down from 54.9. This means that a little over half, and shrinking, purchasing managers have positive sentiment. To me, these indicators provide good guidance as to the overall direction of the markets. Germany's PMI wasn't the only indicator that released down. Construction output was...