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.
Europe
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"
ISFA - FTSE 100 ETF - more than 35% down aheadFTSE 100 represented by its ETF is tracing down a cycle wave C that should bring prices down to around and additional 35% reaching its bottom in one to two years ahead. Retracements with opportunities for returns in the upside should occur during its path and we will be posting them here. The short term analysis is in the comments. FOLLOW SKYLINEPRO TO RECEIVE THE UPDATES.
Growth Covid-19 confirmed cases GermanyShowing period of relief in exponential growth confirmed cases in Germany past days; diverging from exponential curve. Hope deceleration keeps up. Note that confirmed cases is a lagging indicator and does not represent total cases of infection today.
Euro 50 - danger zoneExpecting a resolve of the movement in the blue triangle. Either bear or bull depends on where it breaks; arrows depict trade entry depending on your orientation.
Leaning bearish, but not really tradable until the break. TA shows a triangle which usually breaks to either up or down and retest the break. Break retest is usually tradable with higher certainty. I also depict a failed Elliot Wave 5 which usually resolves in ABC retracement which may be agressive especially the C part.
Bearish FA is uncertainty of the EU sector. Draghi experiment stimulated growth by promoting cheap crediting which is bearish in my eyes since people in europe are not saving and are overspending. Housing market is quite expensive and most of it is on credit cause it is under 2% but people dont have a lot of free capital and if you have in more and more coutries you have to pay to have the money (currently only bigger clients and only on cash holdings). Population forgot what happened recently and dont think it was too bad. EURIBOR is negative as are interest rates in more and more of the banks. Brexit is looming and Boris could hard brexit which although could be a short term market reaction by itself could cause a domino effect caused by strong USD and currently weak EUR and GBP. Draghi out Lagarde in, but Draghi will probably still have a word in the back.
My eur/usd longterm prediction 2If eur/usd makes a new low under 1.03 then the scenario will be as
shown by the blue line and the target zone 1 will also be 1.40-1.50
and the second 1.68-1.8.
If it does not make a new low then it will be as in the first scenario to
the 1.40-1.50 zone as i have told you.
Anyway the next move is going to be bullish for eur/usd and the first
target is going to be 1.40-1.50
My eur/usd long-term predictionMy prediction for EUR/USD
Eur/usd is in a downtrend since the 2008 and is moving in a bearish channel. This is the time that this channel is going to end. Eur/usd is going upwards towards the zone of 1.40-1.50.
risk disclaimer
This prediction is based on my personal trading strategy and this article does not suggest you to make any trades. I am not responsible for any future losses.
Corona Virus #ALO Bearish sentiment We wait for the price to reach for the around 27.00. Then we can prepare for the BUY.
It's to late to get ride in the bearishness. Don't chase the price, We wait for the price to come to US.
Then we can take the next turn-over and ride with the trend "Bullish". Watch the news coming for the ALO may be GOOD.
For the price to climb ASAP this #coronavirus has to controlled. But BIG move is underway to make amount of profits.
The Big Fight! EUR v USDTwo continents are into a currency war - and 'nobody' knows about it, except me of course. LOL.
Have a look. I start off with a 15 min time frame and look deeper into macro-economic time frames and trends.
Overall the EUR has been weakening against the USD for quite a long time. The trend shows it - everybody can see it on the 3D time frame.
Trend-following traders and those who use the techniques will know that 'trend is more important than price'. (This does not mean that you simply look at a trend and make decisions on that alone).
At this point in time (only) based on the technical picture, I expect the EUR to weaken and head south on a large time frame.
Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied. If you make decisions based on opinion expressed here and you lose your money, kindly sue yourself.
2020 End of AEX BullrunNo '100% proof' analysis, my personal idea of the future of the chart. ATH has been hit and is still funnelling. Personally not thinking of a much higher hit in the future of 2020.
Complete random analysis with personal view of interpretation.
Comment with your own view on the market or this chart, no harm in a disagreement.
Terribad economic data EURUSD sh*** itselfIf this is a sell the rumor buy the news thing then EURUSD might bounce soon as economic data was released (for germany) and was bad, it's at the bottom of the channel too.
But idk... I would not buy. Keeping most of my trading accounts in USD myself for now, since early 2018...
Looks like it is about to crap itself big time. Probably a bit of hesitation first.
Rates still negative in globalist europe and not getting better.
Europe still compassionate for now and taking millions of migrants in.
Do not forget about "With Brexit the UK economy will collapse"
This will age in the most hilarous way (:
Watch europe collapse politically economically and "currencilly".
After Brexit, Frexit Polexit Italyxit?
Let Germany enjoy its 500 million retirees or whatever that is, its 500 millions "refugees" that go back to the country they supposidely ran from as vacations that are not participating in the economy and just more mouths to feed "free money".
They're investigating deep negative rates, bunch of clowns all of them.
It's so obvious and straight forward.
More refugees and old people that get free money, less business people, finance people, and wage workers to pay for all that free stuff, troll central banks going negative rates to pay for it ====> currency goes "Prrfffft" like a fart turning into a diarrhea.
"Free stuff" does not exist in nature. Everything has a price. Politicians with pea size brains and huge compassionate hearts won't change 4 billion years of laws of nature.
Every single organism has had to spend calories AND/OR take risks to get its required calories and nutrients. Lions spend calories to chase antilopes, lions take risks if they attack a hyppo, then they have to defend their meal, plants have to produce their own protection against UV to get energy, they also take risks popping out of the ground like this, so even plants that are primary producers and considered to get their requirement "for free" aren't really getting it for free.
Gnus are way too stupid to know it, but they take a huge risk when they go to the watering hole. The risk is getting ripped apart by hungry crocs.
Printing magical ressources out of thin air or letting people borrow magical ressources at magical mathematically impossible negative rates to magically create value out of thin air is a recent human invention.
You won't ever see bears inventing & eating herbivores that they'll hunt later on and end up never hunting.
The law of conservation of mass-energy is still being thought about but at least on our planet it has been verified.
It has been demonstrated in chemical reactions at least.
Minds change over time. Superpowers end up being considered weak nations, and the herd laughs at saying poor countries can become big ones and the opposite too.
Europe is slowly but surely shifting into one big joke. They're going to end up in some serious trouble.
EURGBP - previous outlook How about that trendline - GBP is getting alot stronger with multiple lower highs and lower lows.
Currently the trendline is around 0.839 which has been rejected - Waiting for a long short here.
Bear in mind fundamentals can cause the trendline to be fakedout to the upside or further rejected.
Weekly - bearish
Daily - bearish
4 Hourly - bearish
We have been short, but unfortunately did not position hold on this one.
If you are one of the masters who did! We applaud you for maintaining such a good position.
EURUSD is better to SELLI think price will go down, the reasons:
1. Every day we have a lot of Coronavirus cases in Europe;
2. Price cannot break STRONG resistance line on 1.0880;
3. We have Doji on Daily Timeframe;
4. Doji touched EMA 21;
5. We have Pinbar on 240, like entry point;
Let me know, what do you think about this analys?