Más claro, chorizo pamplona. The shooting star is a bearish reversal pattern that looks identical to the inverted hammer but occurs when price has been rising. Its shape indicates that the price opened at its low, rallied, but pulled back to the bottom. This means that buyers attempted to push the price up, but sellers came in and overpowered them. This is a...
Here we have a very important flow forming after a soft ECB via revised forecasts for growth, inflation and TLTRO's. We have reached heavy resistance at 9,280 and a global slowdown will be enough to seriously damage the downside. From a technical perspective this would also satisfy the ABC from the 2015 highs. On the FX side, please find attached the flow for...
Ibex flat for a long period of time, actually it looks quite similar as in 2011 and then in 2012 touching 6,065 points. Is it going there again? Maybe no, but too close of. Why? That's the risk for flat assets. Learn how to beat the market as Professional Trader with an ex-insider! Have a Good Trading Week, Cream Live Trading, Best Regards!
Long BBVA Trading at 0.75 x P/BV And currently testing Hagopian Line Price Target 6.20-6.50 for 2019
Ibex35 has been able to sustain its position around the support area and should be really for an upside Rally in the coming days/weeks all the way to the top from where it all started. Yes, It will take at least a month for this trade to complete so be patient with it.
Just like our EurUsd Idea, EurJpy may remain under pressure due to the political issues in Europe, alongside the already evident risk-off sentiment seen in Asia trade.
A combination of political issues in Italy & Spain could keep the lid on the Euro & it's crosses. Keep in mind yesterday's action was dominated by low-liquidity with UK & US away. Should be interesting.
BME:IBC FX:ESP35 TVC:IBEX35 After the worries of Wall Street subside, the technical analysis tells us that we have entered an area far from the minimum of the year and waiting to rise slowly as it goes overcoming resistances. 1) Above the downtrend line (yellow), still remains 4 interesting resistances: 50 EMA, 100 EMA, 38.2% fibonacci (9826) and the...
Big test for the Spanish index in the next weeks. 9990 Area holds a strong resistance together with fibonacci level. If it breaks it's a big bull!
Recent earnings release surprised to the upside and created a break-away gap that has not filled. In tandem with below patterns, paints a very bullish picture. - Long-term view shows a 5-year ascending triangle (blue lines) that has broken out and retested. - Medium-term view shows an 18-month inverted head & shoulders pattern (pink line) also broken out and...
The situation in Catalunya seems to return slowly to the normality, and so CaixaBank, going up to touch 4.51 first and then towards the historical maximum of 5. Stay tuned!
#Ibex35 still #Spanish political problems but does the index look good value in the months ahead compared to its other European cousins?
This analysis includes Dividens with IBEX TOTAL RETURN vs DAX total performance index. The idea is to fill the gap at 2.14
Both Indexes include dividends. Spain cheap vs Germany