The DAX index wakes up to extremely negative German export data , while the German trade balance for December benefits from Christmas orders. Crucial data is expected this morning: the January PMI in Germany (slight decline expected) and in the Eurozone (expected to remain unchanged). In addition, UK and US PMI could impact the day.
From a technical point of...
The intriguing mismatch between the Nasdaq and the 10-year US Bond since last November reveals the strong influence of the 'Magnificent 7' . While the Nasdaq has reached highs in late January continuing the Christmas rally, reaching 17,791.75, the bond has experienced a decline, generating an unprecedented negative de-correlation. Although technical analysis...
- Since November 2023, the FTSE-MIB has been registering higher highs and lows. The medium-term trend is therefore bullish.
- More recently, prices have consolidated in a tight trading range for several weeks. This accumulation phenomenon ended yesterday as the market finally extricated itself from its lateral channel while the two exponential moving averages at...
- Since October 2023, the decreased appetite for the US Dollar, particularly due to hopes of a more dovish monetary policy in the United States, has allowed the Euro to regain ground.
The EURUSD then traded in a bullish channel until the end of 2023, until 1.1141, the trend was therefore bullish in the medium term.
- However, since the start of 2024 and the...
The four-hour technical analysis suggests a bearish outlook for the EURUSD , while on the fifteen-minute candlesticks it remains in the lower region of the intermediate channel. The upper boundary of the four-hour channel indicates a range in three zones, upper 1.10094 and 1.09336. Intermediate 1.09336 and 1.08157. Lower 1.08157 and 1.06579. Intermediate trading...
- The market has been moving within a bearish channel since the beginning of December 2023, prices are therefore following a bearish trend in the medium term.
- Since the last impact on the bottom of the channel at $436.30, investor appetite has clearly returned, leading the market to a strong rebound. This change in sentiment was also confirmed on the DMI...
Gold sideways in the upper zone of the bearish channel of gold in 15-minute timeframe in the range of 2006.78 to 2019 USD . Possibility of reaching 2032 USD.
The previous daily range touched the 2019.35 level, so although at a technical level a possible rebound with a return to the upper part of the bearish channel is visualized, the general monthly trend...
- The market has been trading in a bullisjh channel since the beginning of January, the short-term trend is therefore bullish.
- Lately, prices have attempted twice to clear a significant resistance at 188.65, without success.
These failures led the market to the lower bound of its bullish channel, just above a support over 187.32.
The DMI indicator displays a...
- the market has been trading lower and lower, within a bearish channel since mid-December 2023. The medium-term trend is therefore bearish.
- This bearish channel occurs as a continuation flag pattern, correcting the bullish trend that began in October 2023.
This correction was explained at the fundamental level by fading hopes for a dovish change in monetary...
- As for all cryptocurrencies, SOLANA has experienced a bullish rally since October 2023. The medium-term trend is therefore clearly bullish.
- Since the end of December 2023, the market has been in a consolidation phase in the shape of a symmetrical triangle, generally perceived as a trend continuation pattern. The two long exponential moving averages are still...
- The hedge funds' favorite index has registered higher high peaks and bottoms since the end of October 2023, the medium-term trend is therefore bullish.
- Since the start of 2024, the American index has followed the overall trend of reduced risk appetite from investors, leading the market to a consolidation phase. This consolidation is characterized by the end...
- The market has been trading in a bearish channel since the beginning of November 2023, registering lower highs and lows, the medium-term trend is therefore bearish.
- In the shorter term, prices registered a sharp rebound above $100.50, leading to a clearing of the upper bound of the medium-term bearish channel, therefore invalidating the bearish trend. Prices...
- The market has been trading under a bearish trend line since the beginning of 2022. However, since October of the same year, prices have slowed their decline, trading within a 62$ wide range. The trend is therefore neutral in the long term.
- Prices continue to dance within their range, having registered 2 impacts on each of the two bounds. Both moving averages...
- Prices have been trading upwards since the end of October 2023, the market is therefore in a medium-term bullish trend.
- Very recently, and since the establishment of a new all-time high below 7,655.0pts, the market has retraced towards its double support at 7,400.0pts. Prices are now trading below the two 13- and 21-period exponential moving averages, which...
- The market has been registering higher tops and bottoms since mid-October 2023, so the long-term trend is bullish.
- More recently, the market entered into a sideways consolidation between $2,400 and $2,180 in which it evolved for a few weeks.
However, prices are currently challenging the upper limit of their trading range at $2,400, for the fourth time, after...
- The market has been trading within a bullish channel since the end of October 2023. The medium-term trend is therefore bullish.
- However, since the start of 2024 and the establishment of a wave 5 below 0.6368, the market has registered a significant sell-off leading prices to a triple support represented by the lower bound of the bullish channel, the overlap...
- Prices have been trading sideways, between $25,600 and $20,655 since April 2023, the long-term trend is therefore neutral.
- Recently, the market experienced a new rejection below its upper limit at 25,580, leading prices to a break-out of their bullish trend line (blue dotted lines) which had supported sentiment since the last rebound recorded in October...
- The market is moving sideways, with no new lows or highs since summer 2023.
The long-term trend remains neutral.
- In the shorter term, the market is locked in a trading range (orange) of around 1600 points, framing prices between 32,230.0pts and 33,855.0pts.
At the beginning of December 2023, after hitting the lower limit of its trading range, the market...
