Hi Traders,
the EU50 lost over 3,5% within the last 2 days.
Is this only the first drop before big selloff 📉📉?
Or a normal consildation? Which zones are important?
If we look at the Chart the longterm Uptrend is still valid. So for now it looks like its a normal consolidation.
Important Zones are:
Support: Zone between 4350 and 4300
Resistance: ...
Since our last trade analysis, STOXX50 reached our target at 4,370 from the W Formation pattern that broke up and out of.
Today, we have our confirmation of another bullish pattern for upside, the Box Formation.
The price has broken up and above the pattern and we have upward momentum indicators confirming upside to come including:
7>21>200 -...
In this update we review the recent price action in the Eurostoxx50 and identify the next high probability trading opportunity and price objectives to target
*Past performance not indicative of future results
Not financially advice about this. Global depression is coming near and the recession will be a lot worse than 2008.
USA reached new all time high debt; the economy won’t approve this.
Overall inflation is slowing dropping but the economy globally isn’t in a good shape about this.
- Eurozone OANDA:EU50EUR is officially in Recession due to two consecutive
negative quarters in a row.
The Euro-Zone entered a Recession in the first quarter of this year and economists are not optimistic for the coming months.
Having said that, its Index OANDA:EU50EUR continues to hold its
head up high, but the question is, how much longer will it maintain to...
Unexpected to me we have reached the double top again. Even if the market will decide to overcome this hard resistance I expect the index to make a downward correction first.
During the first 3 days of this week, the price of EURO STOXX 50 (SX5E) has fallen by more than 3%.
This was facilitated by:
→ lower oil prices on the eve of the OPEC+ meeting scheduled for June 4. The Saudi oil minister urged market speculators to "be careful”;
→ uncertainty about the US debt ceiling. While a deal has been tentatively reached, it has yet to be...
Trade Idea: Selling EU50
Reasoning: Double top completed on the daily chart. Lower prices expected.
Entry Level: 4253.5
Take Profit Level: 4205
Stop Loss: 4275
Risk/Reward: 2.3/1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in...
A clear correlation between Euro Stoxx 50 - Ftse 100 ratio, and the EUR/GBP exchange rate. I believe we will see European equities outperforming until January 2024, and the pound getting stronger, reaching 1.4 to 1.5 level versus the euro. From a macro perspective, the UK is in a harder corner as inflation is clearly more elevated, but this will also force UK...
EUROPEAN STOCKS
Equities opened lower in Europe on Tuesday, extending losses registered overnight in Asia, as fear and uncertainty grow in investors’ minds. Bearish sentiment is prevailing on stocks with Treasury yields taking off as risk appetite continues to plummet amid the lack of a US debt ceiling deal, despite another full day of discussions...
Europe 50 index has bearish reversal bat pattern. Currently in its potential reversal zone. Once it starts forming lower highs and lower lows , we can take a short trade.
EUROPEAN SHARES
European shares continued to climb, alongside US futures, as risk appetite grew at the start of the final trading session of the week. Investors continue to respond positively to the optimistic discussions surrounding the debt-ceiling issue in Washington, which have bolstered market sentiment towards equities, despite lingering uncertainties...
Trade Idea: Selling EU50EUR
Reasoning:
• Hanging man dominating on the weekly chart
• Overnight price action reversing possible shooting star
• 4hr evening star forming
• 1hr evening star forming
Entry Level: 4385.2
Take Profit Level: 4350.4
Stop Loss: 4399.6
Risk/Reward: 2.42:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for...
