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Eurostoxx

Eurostoxx is showing signs of breaking downLast week I was cautiously optimistic that the EuroStoxx would move higher to 3500, and possibly break from there to complete the mini (inverted) head and shoulders that can be identified since the 30th October 2017. However this week's action adds to a more bearish, alternative path. The blue support zone is a loosely defined price range of significance; this area has repeatedly acted as a support over the last 12 months. Since the January 2018 correction, all subsequent rallies from this range have failed. The index is now for the sixth time in this blue support zone. Moving averages, RSI and price are all negatively aligned. Today's price movement is also completing a head and shoulders pattern that has developed since January 2017.
TVC:SX5EShort
by MVedra
Eurostoxx long. This is a perfect trade Review: After the last analysis from September 7, the Eurostoxx did not fall below 3363 and thus continued its forecasted upward trend. We were right in our expectation that the index didn't touch 3400 anymore. You can read the old forecast here Forecast: This develops to a perfect trade. Now we have to prepare for the start of a correction wave in the area around 3640, which will reach minimum 3532. It should find its end 3476 at the latest. After the correction has been completed, we expect another dynamic upward wave in the direction of 3657. The long-term scenario remains unchanged. We will update the long term picture when the uptrend reaches its peak.
TVC:SX5ELong
by perfecttrader
DAX and other European indices (Points and Figures): Fake out?So "they" want everyone to turn bullish (whether artificially or not) or be stopped out. The weak buyers are being washed away, shorts must be covered or the shorters will burn their feet if that's not already the case. Retail investors are still very bearish overall, but what is observed in Europe and in the official financial news show that money is flocking to European equities, among other things (even real estate is "booming" again). Indices are compelled to go higher, but the exhaustion seems to be nearing. Summer could be very frustrating. Volume seems to be impressive, but for such small moves (green XXX) at the time I am writing this post, this appears to be not. Volume is accumulating, we see final explosive moves, this could signal the beginning of the end of a bull market. But it will still grind up. It's better to buy pullbacks with tight stop loss orders, or wait until it goes way up if people want to short. However, we don't know yet when this will truly end. I would expect spikes and fake out. Reversal days could be extremely tricky.
FX:GER30
by UnknownUnicorn569872
Sell Bunds on rallies!On thursday ECB president Mario Draghi maintains a dovish tone on rates, Bund reacted with an attempt to rally from lows of 162 and closed 162.36 that day. However that rally was short-lived as the US Dollar continued to strengthen ahead of Trump's inauguration while pushing global bond yields higher. Bund closed on a critical support level of 162, which has been an area of consolidation since the beginning of 2017. I do expect the markets to rebound on this technical level however, I believe the underlying trend is still intact. As the market reaches a critical resistance at 163.56 it sells off at a much faster pace, as you can see the market grinds slow on rebounds suggesting that selling pressure is still strong. My bias would be to stay short on Bund as sell into corrective rallies. Macro highlights next week: - Draghi speaks (23/1/2017) - German IFO Business Climate (25/1/2017) - UK Prelim GDP (26/1/2017)
OANDA:DE10YBEURShort
by RuzainiRashid88
EUROSTOXX BANKS 600 , SPREAD BUND10Y-SCHATZ2YAlla vigilia del ADC di Unicredit, non sono molto ottimista sul futuro del settore bancario Europeo. Il future si trova poco sotto l'area di accettazione posta a quota 176, round number, VAH 2015-2016, importante HCR settimanale (ed in passato anche LCR sul quale il future è più volte rimbalzato), dove sono allineati più High/Lows e peraltro livello coincidente con il 50% di ritracciamento di Fibo del trend discendente da i massimi del 2015 in area 227. StochRSI in ipercomprato che evidenzia un primo segnale di perdita di momentum del trend (peraltro ancora saldamente rialzista) Attenderei che il prezzo si avvicini di nuovo in area 176 con l’obiettivo di comprendere se il livello manterrà il suo stato attuale (resistenza) oppure verrà violato provocandone un cambio di stato (supporto). Se la candela settimanale chiudesse al di sotto del livello (PBTB), tenterei un'entrata SHORT , con SL 10 tick sopra la candela della prima settimana dell'anno e primo TP in area 160 . L'elevato Risk/Reward ratio sarebbe garantito dell'area di rigetto compresa t r a 170 e 160, dove il prezzo incontrerebbe poche resistenze sul suo percorso. Eventualmente accompagnare il trade seguendo in ottica intermarket l'andamento dello spread BUND10Y-SCHATZ2Y che in passato ha mostrato correlazione diretta con il future bancario europeo, la cui discesa confermerebbe la direzionalità.
FShort
by LeonardoFranci
Italian referendum - News breakdownIn this chart I show you the key events and times of occurrence ahead of the news today. The US futures market will probably open with a gap due to opening after the polls come out, but there will be plenty of time to await the official results, so, the market might remain volatile and directionless before the results are out. I'd reccomend you keep risk small if trading into this event, either keeping positions small, or using very wide stops, since any gap through your stop could prove to be disastrous if levered, like has happened in the past, too many times this year...(think GBP flash crash, 'The Trumpening', Brexit...). I think we'll see a risk off rally, but I'm not entirely sure US equities will be impacted negatively (despite what many people think). Good luck today, Ivan Labrie.
FX:XAUUSD
by IvanLabrie
18
Europe's Blue-Chips Look WeakAs tweeted earlier , the Euro Stoxx 50 chart is looking very weak. While near-term technicals dip into oversold territory, the projection is for price action to head lower. Today's session saw a close underneath the post-Brexit uptrend, and we are likely to see a move to 2,900 to 2,915 -- or the 61 percent retracement from mid-December. The momentum of the trend via ADX-DMI is showing strength and overwhelming bearish price action. Due to the oversold technicals, with the z-score at -1.87, a relief bounce is expected. (the weekly z-score is just -.18). However, expect Europe's to challege the 61 percent Fib. A close below this level would cause trouble, and the index could see another 50-100 point decline to challenge the larger downtrend support. Additionally, the 20-day EMA is looking to cause a bearish crossover with the 200-day EMA. Also, check out our excellent short call on Euro Stoxx 50 leading into the #Brexit vote ! If you want to learn more follow @Macro_View on TWTR -0.17% and go to macroview.co to get on our waiting list to subscribe!
OANDA:EU50EUR
by MacroView_Research