Europe
DAX INDEXBuenas Noches a todos espero que se encuentren bien, me alegra volverles a saludar, no he publicado nada este último mes porque he estado de vacaciones.
Hoy tenemos al DAX para analizar tenemos muchos gaps, mucha volatilidad, CONFORME A PERIODOS DE DAY TRADING OJO A LA RESISTENCIA YH SPORTE DE COLOR AMARILLO Y VERDE. flechas azules indican posibles movimientos en esta semana.Para medio y largo plazo miren los soportes y resistencias en Rosa.
SAQUEN SUS PROPIAS CONCLUSIONES ESPERO HABERLES AYUDADO, SI TE HA SERVIDO DE ALGO DALE A LIKE Y COMPÁRTELO.
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Un cordial saludo, cuídense L. E. D. En España a 29/07/2020
Good evening everyone I hope you are well, I am happy to greet you again, I have not published anything this last month because I have been on vacation.
Today we have the DAX to analyze we have a lot of gaps, a lot of volatility, ACCORDING TO PERIODS OF DAY TRADING EYE TO THE RESISTANCE YH SPORTE OF YELLOW AND GREEN COLOR. Blue arrows indicate possible movements in this week. For medium and long term look at the supports and resistances in Pink.
DRAW YOUR OWN CONCLUSIONS I HOPE TO HAVE HELPED YOU, IF IT'S HELPED YOU WITH SOMETHING, GIVE IT TO LIKE AND SHARE IT.
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Kind regards, take care L. E. D. In Spain on 07/29/2020
DAX - Will we see a further decline?Technical aspects:
Bears in control: Bearish flag formation once confirmed if it breaks below support area of 12800 area the bears are in control measure the bear flag which goes well with our descending channel 12680-12560 areas are key support areas!
Bulls in control: breaks about that key trend-line down going towards reaching the next trend-line area is the next resistance zone 13060 above bulls are in control the next resistance are will be 13200 areas.
Keep in mind key trend-lines, channel and the certain patterns forming. We could even add any additional indicators you may use such as RSI, MACD, Fibs etc. Do what your plan says to do. Keep disciplined.
Remember: Just a trade idea, not a recommendation
EUR BUND - What's next?BUND
I like to compare the currency euro with its bond market the bund. Why?
Simply looking at the macroeconomic front of countries as we had strong PMI's this friday come out from European countries, bunds is focused to Germany which you could of took scalp or swing trade towards the positive outcome. Whilst looking at the fundamental aspects i'd reflect that towards euro currency pair performance with bunds and as well as that start of the week, we had positive aspect of EU recovery fund deal go through. Whilst comparing this, try this with dollar index currency. I find Bonds are more of long term invest in my opinion -
My portfolio view overall: Don't put yourself in one instrument, explore wide variety to build a stronger portfolio.
Just a trade idea, not a recommendation.
EURONEXT - Down Force Setting Up?If we look at the overal Global Market, not a lot has changed due to uncertainty about the CoronaVirus.
Now, 2 months later, the second wave is starting to kick in at Europe and this may be again the trigger
for the long time correction that is lying ahead of us.
Trade with care and Trade Safe!
Why I'm optimistic about the EuroDespite the uncertainty in the markets (Gold and VIX) and the fundamentals (productivity and consumption) indicate a faster recovery in the United States, which theoretically should appreciate the USD, in my opinion the market remains irrational.
But following Keynes' advice "markets can stay irrational longer than you can stay solvent", I prefer not to take a stand against the market.
The Fear & Greed indicator created by MagicEins, based on CNN's F&G Index is very useful for analyzing market sentiment, we can see that there is still a lot of room to reach the Jan/2020 greed levels.
In the short term we follow the sentiment and the market flow, the CoT shows that the large speculators continue to bet in favor of EUR. The last time speculators were bought on more than 100k contracts was in mid-2018, when EURUSD quote was ~ 1.17.
Another important reason in the short term is the EU summit taking place this weekend, where the EU leaders are edging closer to a deal on a Europe Recovery Fund. This can generate great optimism against the EUR.
Technically we are at an important top and the tendency of the retail trader is selling tops, but as most of these traders are losers in the long run - I will bet against.
EURGBP - Brilliant trade opportunity!It's a Friday..Don't forget that!
Why do I mention - it's FRIDAY. I actually don't like end of the weekend or Fridays but it a fun day as well where I reflect back on my week - checking my trade journal and looking to see opportunities for next week. We have the G20 meeting this weekend. It could be risky entering trades over the week as we don't know what will be the outcome. However, as next week commences, I will be looking at EURGBP - the technical of this chart is so clean. Even on the daily the trend-line in red going down is a key area if it goes above we could look for the bulls to get into control. However, if we get further decline the bears are in control and that's where my targets would be the low 0.90 areas. Above high ends of 0.90 ares bulls are in control - could head to the 0.91 areas. Whilst we reflect on this pair we will be checking the strength of GBP.
Remember: This a trade idea, not a recommendation.
Give us a LIKE & COMMENT for any other pairs you'd like us to post our analysis on.
All the best.
BEL20 - finishing minor 2 up, next move is downwardsBel20 continues on its way down to new lows. In the shorter term view, it is ending minor wave 2 soon. After this, the next move should be minor 3, where the most probable target is is below 3,000. If prices crosses up 3,570, this analysis should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES.
ISFA (FTSE100 ETF) - downtrend to new lows continuesISFA continues on its way down to new lows. In the shorter term view, it seems to have finished, or nearly so, minor counter-trend wave 2. The next move should be minor 3, where the most probable target is is below 5,900. If prices crosses up 7,220, this analysis should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES.
SBF - next stop below 3,500SBF continues on its way down to new lows. In the shorter term view, it seems to have finished, or nearly so, minor counter-trend wave 2. The next move should be minor 3, where the most probable target is is below 3,500. If prices crosses up 4,112, this analysis should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES.
DAX - trend to new lows continuesDAX continues on its way down to new lows. In the shorter term view, it seems to have finished, or nearly so, minor counter-trend wave 2. The next move should be minor 3, where the most probable target is is below 11,000. If prices crosses up 12,920, this analysis should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES.
IBC - next stop below 6,500IBC continues on its way down to new lows. In the shorter term view, it seems to have finished, or nearly so, intermediate counter-trend wave 2 of primary wave 5 down. The next move should be intermediate 3, where the most probable target is is below 6,500. If prices crosses up 8,000, this analysis should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES.
Is it time for sanction? Sanction against United States?The project North Stream 2 is one of the biggest projects in Europe. The project that is a few steps to complete is stopped currently. Germany and Russia plan to restart the project with put of the pipeline in the last kilometers in the Baltic Sea.
United States already introduction of sanctions against companies build the pipeline. The sanctions extended to the insurance and banks companies.
Europe is on the way now. Do they have the courage to introduce sanction against the United States?
If they do that step we can see a new way of war between the allies that will reflect over the forex trading and mainly EURUSD.
In a first view the dollar may lose ground but later the investors prefer the dollar as a major security investment. The dollar may drop to 1.1450 and later on may follow recovery to 1.09-1.10. But as overall we expects the both unions United States and European Union are going to lose and other countries and currencies may win like Swiss Franc and British Pound.
Nevertheless all sanctions and events North Stream 2 will be built. It is possible new delay but the pipeline will start function and United States CNG will not replace the Russian pipeline gas.
E100 - trend continues to new lowsE100 continues on its way down to new lows. In the shorter term view, it seems to have finished, or nearly so, minute counter-trend wave 2. The next move should be minute 3, where the most probable target is is below 2,500. If prices crosses up 2,820, this analysis should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES.
FTSE MIB - next probable target below 17,000FTSE MIB continues on its way down to new lows. In the shorter term view, it seems to have finished, or nearly so, minute counter-trend wave 2. The next move should be minute 3, where the most probable target is is below 17,000. If prices crosses up 20,400, this analysis should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES.
S&P 500 WEEKLY ANALYSISHi friends
the weekly graph of this market shows that it will experience an upward trend in the coming weeks but you must not be a buyer when it exceeds the level of 3077.54 while at the same time being vigilant of the change in the opposite direction
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EURO STOXX 50 (SHORT)EURO STOXX 50 - the opportunity is a SHORT with pricing collapsing to the BLUE zone and then huge potential falling of the cliff to the blue zone. as the crash unfolds and i have more data i will have a better outlook in prices falling to the YELLOW zone