Eurostoxx
"EuroStoxx breaking the Ascending Trendline" by ThinkingAntsOk4H Chart Explanation:
- Price was on an Ascending Wedge since August.
- Price bounced on the Resistance Zone.
- Price broke the Ascending Wedge.
- Now, it has potential to move down towards the Support Zones.
Weekly Vision:
Daily Vision:
Updates coming soon!
EURO STOXX 50 (SX5E) May Drop Soon!
Euro stocks index is approaching a 4 years' high!
there is a high chance to see a strong bearish reaction from the underlined weekly resistance,
but because the trend is bullish, I will trade the market only with a good confirmation signal.
On 4H chart, the market is currently forming the right shoulder of a head and shoulders pattern.
I pay close attention to 3725.0 neckline.
Being broken, it will trigger a selling reaction and it will be a perfect signal for us to open short.
The initial target will be 3625.0 level
The second target 3410.0 level.
Stop will be above head!
Good luck!
EUR/USD Short Setup 20:30:40 (UTC) Sun Jan 5, 2020With an entire year of liquidity ahead of us we can finally remain back to normal. However with the increase in unexpected geopolitical risk, we've seen metals, oil , and a general risk-off sentiment seen by the market. We can now trade with the expectation of normal liquidity as major smart money and institutions are back online.\Make sure stop loss are in place (double check) as the chances of trump tanking or shooting up the market is high. The threats for the wrong are nothing to be unaware of especially with capital that is related to safe havens.There was a quote Sharp so off that was seen at the exact level of resistance posted last week here on this page. We now have seen a 4-hr morning store, rejecting the back of this trend line. My bias is short, and my downside target is 1.1
Last friday we couldn't enter a trade because it continued to push, however the retracement has begun. I am now looking for short entries for the euro .I think we will push up to the price shown where I will enter short to 1.1
20:30:40 ( UTC )
Sun Jan 5, 2020
*This is not financial advice. I am not a licensed financial advisor. Seek a licensed financial advisor before making any investment decisions. I am not responsible for losses or gains that may or may not occur in the marketplace. Forex carries a high level of risk not suitable for all investors.*
*This is not financial advice.
Forex carries a high level of risk not suitable for all investors.*
"EuroStoxx: at an important Resistance Zone" by ThinkingAntsOkDaily Chart Explanation:
- Price bounced from the Support Zone and went towards the Resistance Zone where it is now.
- Bearish Divergence on MACD.
- If price starts its down move from here, it has potential to go towards the Support Zone one more time.
- We are looking for sell setups on lower timefremes.
Weekly Vision:
Updates coming soon!
"EuroStoxx moved exactly as expected" by ThinkingAntsOk4H Chart Explanation: "What happened?"
- Price broke the Descending Trendline.
- It started its up move after bouncing on the Support Zone .
- There was a Bearish Divergence on MACD .
- Price reached our target on the Resistance Zone first. After that, it faced a correction towards the Support Zone .
Now, we are waiting to see a new clear setup. Updates coming soon!
Weekly Vision:
Daily Vision:
"Eurostoxx: moving as expected" by ThinkingAntsOk4 Hour Chart Explanation:
- Price broke the Descending Trendline.
- It started its up move after bouncing on the Support Zone.
- Bearish Divergence on MACD.
- Price has potential to reach our target on the Resistance Zone. After that, it should face a correction towards the Support Zone.
Weekly Vision:
Daily Vision:
“EuroStoxx: going up as expected" by ThinkingAntsOk4H Vision Explanation:
- Price broke the Descending Trendline and started its up move.
- Price reached our first target at the Resistance Zone .
- Price has potential to move up towards our main target at the Major Resistance Zone .
- However, the Bearish Divergence could be indicating a pullback to the Support Zone before going up.
Take a look at our Weekly and Daily Analysis!
Weekly Vision:
Daily Vision:
Updates coming soon!
Euro Stoxx BreakdownEuro Stoxx Index is also showing signs similar to my CAC40 idea (link below). Again, be wary with the Fed tomorrow. Cutting rates, and future rate cuts, means that there will be nowhere to go for yield other than the stock market. Central banks are attempting to keep stocks propped. This is their new mandate: to keep assets propped.
You can see a some what of a double top as Euro Stoxx tried to break out. Failed to and you can see the long wick and large engulfing red candle. We then created a lower high and have broken below a support/ flip zone. A strong break as well.
Looking to the flip zone at the 3415 zone...although be wary of 3437 too. Would expect one more lower high swing.
"Top and Bottom Analysis" EUROSTOXX (EU50EUR) by ThinkingAntsOk4H CHART EXPLANATION:
Main Items we observe on the Chart:
- Price broke the Ascending Channel and, then, bounced on the Resistance Zone.
- If price breaks the Ascending Trendline at 3381, it has potential to move down towards the Support Zone at 3300.
We are looking for Sell Setups on lower timeframes.
MULTI TIMEFRAME VISION:
- Weekly
- Daily
"Top and Bottom Analysis" EUROSTOXX 50 by ThinkingAnts4H CHART EXPLANATION
- Price is currently on an Ascending Channel and, after bouncing on the bottom of it, theres potential to move towards the top.
- Price is above the previous resistance, trying to mark new max. It is currently in a Bullish Corrective Structure to continue the up move.
- If price breaks 3457, the target prices are determined by Fibonacci Levels (3502 and 3556,8).
Updates coming soon!
MULTI TIMEFRAME VISION:
- Weekly
- Daily
Solid Set-up in HEI (Weekly Chart) for a Strong Rebound 13 TD Countdown Exhaustion.
In a very supportive area.
Close to the 0.618 retracement level from the multi year rally begun in 2011.
Stochastics showing positive divergence forming. Bottom forming similar to 2008/09 GFC.
Targets 68 / 79
Stops 51.00
European Banking positioning for major declinesEuro interest rates are negative and the curve remains flat with no end in sight. This is destructive to net interest margin and the sustainability of European banks. Investors are stepping away from bank shares, having sold throughout 2018 and prices are back to 2009, 2012, and 2016 levels. European banks sector is now heading for a break to multi-year lows. Cycle bottoms are roughly 3.5 years apart. Mid-to-late 2019 marks the next bottom.
SHORT Euro stoxx 50 approaching resistance, potential drop!Euro stoxx is approaching our first resistance at 3262.6(horizontal swing high resistance, 61.8% & 50%Fibonacci retracement, 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 3134.7 (38.2% Fibonacci retracement , Horizontal overlap support, 61.8% Fibonacci extension )
Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Euro stoxx 50 approaching resistance, potential drop!Euro stoxx is approaching our first resistance at 3262.6(horizontal swing high resistance, 61.8% & 50%Fibonacci retracement, 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 3134.7 (38.2% Fibonacci retracement , Horizontal overlap support, 61.8% Fibonacci extension )
Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
SHORT SHORT Euro Stoxx 50 approaching resistance, potential droEuro Stoxx 50 is approaching our first resistance at 3262.1(horizontal overlap resistance, 50% Fibonacci retracement ,100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 3043.7 (61.8% Fibonacci retracement ,61.8% Fibonacci extension )
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price.
SHORT Euro Stoxx 50 approaching resistance, potential drop!Euro Stoxx 50 is approaching our first resistance at 3262.1(horizontal overlap resistance, 50% Fibonacci retracement ,100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 3048.9 (61.8% Fibonacci retracement ,61.8% Fibonacci extension )
Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price.
Euro Stoxx 50 approaching resistance, potential drop!Euro Stoxx 50 is approaching our first resistance at 3262.1(horizontal overlap resistance, 50% Fibonacci retracement ,100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 3043.7 (61.8% Fibonacci retracement ,61.8% Fibonacci extension)
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price.
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.