Our First Daily Technical Analysis Monday, January 08, 2018 EUR/USD under pressure? Let's take a look at this chart analysis. The Euro weakened against the US Dollar on Friday. So, EUR/USD expected to create a new support zone or confirm the lowest support area. We are expecting that the bulls will taking control on this pair once it bounce back the soonest...
As seen on the chart, we are sitting right above the support zone.
A more cautious tone is appearing across global equity markets. Further gains to prove increasingly difficult to maintain. China poised to break higher? Global equity markets remain in their dominant bull trends. Investor portfolios are overweight and investor sentiment is positive. However, warning signals are now appearing, suggesting further gains are...
correction is beyond the corner if the markets want to continue
Our favorite European Index, the German DAX, escaped the bear market in early August, when it rebounded swiftly after initially rejecting mega-resistance at 10475-485, which it then took out very aggressively. This Monday sent a bearish shooting star candle on overbought conditions, calling for a healthy pullback. As securities often do, they retrace back to...
Forming a Bearish Gartley Pattern, finding resistance around the .786XA mark which is also the area of the AB=CD. !.27 BC projection makes up the bottom area of the price reversal zone. Awaiting price action and confirmation. Any Comments?
Price action has broken the downward daily trend line which now becomes support. Price is bullish above the trend line and break of 38.2% Feb level and is likely to consolidate around 1.1 while markets wait for the ECB interest rate and monetary policy statement due Thursday. A break to the up or downside is possible however my preference is towards a break down...
Can we expect a collapse of the Europezone? *As Goldman predicted* A Monetary divergence This step is likely to be followed by the Federal Reserve's (Fed) decision in the opposite direction to raise interest rates for the first time in nearly a decade at the December 15-16 meeting, Just Playing & Guessing Possible scenarios for the hereafter.. 2015 / 2016
I called out EUFN as a potential short on bad news for European Investment Banks. Although I cashed in on a pretty sweet trade, I still think this ETF has room to tumble. Notice that it is still solidly within a large Ichimoku cloud of resistance, and it does not appear that this asset has near enough momentum on the upside to break out. The OBV, MACD, and RSI...
The attached article sites how European investment banks are losing footing against their American cohorts. Technically, we see the price action narrowing in on the 21.30 area, looking to break out. The Ichimoku cloud indicates massive resistance from above and it does not appear that EUFN has enough momentum. The RSI/MACD combination implies this is an optimal...
If this channel holds, I think we can expect 4.5-5% profit over next two days or so. Of course, the most crucial pivot for this plan lies on the market sentiment on rate hike. Any hawkish news could push the index below the channel. Good luck!
Personal view for the reaction to opening of European Markets. Using Fib Retracement & Bollinger Bands, it expects a strong bullish tendency until 8am.
Alright everyone this is a pretty crazy post because I am going to try and predict the end of the bearish EUR/USD. USD/CAD is the one that helped me come to this analyzation and the monthly chart on the EUR/USD. As you can see USD/CAD has been at an uptrend since 2013 and finally broke support around 1.23410 level after 11 weeks of consolidation on the weekly...
EURL is the 3x Europe long fund. My favorite catalyst for 2015-2016 is playing the actions of the global oligarchy and their coordinated central bank action. I think EURL could be in an uptrend for another year or more. Source: www.guerillastocktrading.com
Originally prepared on 21st October 2014: German DAX - 2 Weekly The German DAX chart below is 2 weekly. This is to show bigger picture but not miss the finer details that happens with Monthly. We do not have price data on the chart prior to 1991. However, it is fair to conclude that the major bullish cycle that commenced in 1982 on other major world indices...