GBPUSD ANALYSIS FOR TADAYSHORT-TERM
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Europe
EURUSD trade of todaySHORT-TERM
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
DLN.LSE - (UK) - up to 13% shor-term returnsDerwent London is a REIT owner of prime office buildings in London. It is currently tracing minor wave C up of a possible wave primary wave D of a contracting triangle formation. The most probable target for the end of minor C is at 3,796. Keep tuned. FOLLOW SKYLINEPRO TO GET UPDATES.
FTSE EURO TOP 100 new lows ahead - critical junctureFollowing the path previously posted here, E100 is starting minor wave 5 down that should push the index to around 1972. The alternative scenario is tat where we read 4 it is wave A up, in this case we could see another leg up before this decrease. Keep tuned ! FOLLOW SKYLINEPRO TO GET UPDATES.
FTSE EURO TOP 100 - on more leg up before correctionE100 is tracing an ABC pattern that when finished will culminate with the end of minor wave 4 up. This counter trend wave was longer than expected, but it seems to be reaching its end. The reversal target should happen between 2600 and 2800. After this the index should finally start its minor wave 5 down and take it to new lows. FOLLOW SKYLINEPRO TO GET UPDATES.
One way street for the EUROThe European region is headed one way and its not up! we are in the midst of a precipitous long term decline of the EURO to test the 103 level prior to heading a lot further down. Would not be surprised to see EURO short term rally a bit further suck in the longs and the decline will commence. I do not see much upside left for the EURO, there is nothing positive emerging out of the eurozone for the foreseeable short medium and long term future which only mean one thing we will be selling euro against the greenback and almost any other pair. I don't see any other region in the world that will be worse of. We are on the cusp of some very big declines in the euro value...get ready!
EURUSD WILL GO UPLONG-TERM
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EUR / USD ! LONGEur showing weakness here, possible retest of the bullsih trendline.
From there i expect a break of the 200 sma in the 4H chart
Tight Stop Loss
EUR/USD ANALUSIS | Next week EURUSD will go up.Wait until the next week and then you can buy EURUSD.
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
EUR / USD ! POSSIBLE HEAD AND SHOULDERPossible Head and Shoulder in the 1 Hour chart
Good Risk / Reward from here
Buy in EUR/USDAfter trying to break the support and forming a M pattern, EUR/USD might enter in an uptrend.
ESTX50 will go up until the 3000MEDIUM-TERM
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
IUKP - iShares UK Property ETF - new lows aheadIUKP is coming down in a cycle wave C. It is in an early phase of this wave decline, where intermediate wave 4 seems completed and it should move down in intermediate wave 5 to reach lower levels than its previous wave 3. FOLLOW SKYLINEPRO TO GET UPDATES.
SPF 120 Index (France) - critical juncture - keep tuned to shortThe French index as its European counterparts is tracing a cycle wave c down. Currently it is finishing primary wave 2 up wave and the next move will drive the index to new lows. It seems to be tracing minor wave 3 of a five moves up that will complete intermediate wave C and start primary 3 down. For this it should cross the high of intermediate wave A, and complete the 5 waves. After this the more riskier short entry would be at the low of minor B or for a more conservative entry at the low of primary wave 1. FOLLOW SKYLINEPRO TO GET UPDATES.
iShares FTSE 100 ISFA is currently tracing the end of intermediate wave 4 of primary wave 3 down . After completed prices should fall to levels between 4800 and 3900 in a new 5 wave intermediate moves. Keep tuned. FOLLOW SKYLINEPRO TO GET UPDATES.
Long on EUR/USD with double confirmationPrice action on the last close shows a Bullish engulfing candle which is one confirmation that the market has strong momentum and swing towards the upside. Confluence on the head and shoulder pattern which indicates a long position. Looking to go long on this one! FX:EURUSD
IBEX Index - Spain - path to below 5,400The Spanish index is tracing a counter trend primary wave 4 of a cycle C wave down. After it finished wave 5 should move prices to below 5,400. FOLLOW SKYLINEPRO TO GET UPDATES.
SMI Index - Switzerland - long term move downThe Swiss index is tracing down super cycle C wave that should bring down its prices below 6200. There would be opportunities ahead in counter-trend moves, but the long-term is down. In the shorter timeframe the index is on the final stages of intermediate 2 up. After it finishes, wave 3 we bring the index to new lows. FOLLOW SKYLINEPRO TO GET UPDATES.
FTSE MIB - Italy - cycle wave 3 down under wayThe Italian stock index recently concluded cycle wave 2 counter trend up and it is developing primary wave 1 down. The current upward movement is a counter trend that could be labeled intermediate wave 4 or primary wave 2. The log-term forecast is the same in either cases, after this counter trend up the index should go for a long-term downward path. FOLLOW SKYLINEPRO TO GET UPDATES.
What will happend to this second breakout? It seems like the price is trading on sentiment right now.
The Positives :
There is talk that the curve has been suppressed.
The worst in Spain and Italy seem to be over.
Austria is looking to relax the lockdown.
The Fog :
However, we miss fundamental news. That, if you know more about please let me know.
How soon will the airline be allowed to operate again? And where will they be allowed to fly to?
Will there be an effect on how many roundtrips can do due to more strict security measures.
What will demand be for airline travel?
How long did it take for airline travel to be back to normal after 9/11 ( I think quite some time).
Are they in need of a bailout?
If yes, who will pay for it? Will there be one for all EU airlines?
Range:
The 52 week high is 16 I think it will take quite some time before we go back to that high. Read "This stock will not pop overnight"
