EU50 Bullish on all timeframesEU50/ Eurostoxx50/ SX5E completed its bearish retracement on Monday this week and is now back on its bullish nature. I anticipate it to reach 5000 by the end of October 2021.
I've set my short term goals as follows:
TP1 4235
TP2 4193
Eurostoxx50
Strong markets in Europe maintain risk-on sentimentMarkets in Asia and especially in Europe started September strongly after higher-than-expected inflation in the eurozone and very optimistic comments from ECB Vice President Luis de Guindos, who said that the eurozone economy is growing faster than the ECB expected, hinting at an upward revision of the central bank's growth forecast. On the downside, German retail sales disappointed in July, falling 5.1% month-on-month. Eurozone manufacturing PMI was lower than expected, but remained near record levels. August, normally a complicated month for the stock market, saw several record closes for the S&P 500 and Nasdaq 100, with US equities pointing to a positive performance on the first day of the new month. The important 10-year US Treasury yield rose well above 1.3% again (currently at 1.32%). The USD remains weak ahead of the US jobs report in focus on Friday. Oil prices remained in a sideways range ahead of today's OPEC+ meeting. Ethereum broke through $3,500, the highest level since May 18. Bitcoin continues to trade in the $47K - $48K range.
Despite rising expectations that central banks will gradually move away from pandemic-era stimulus programs, markets continue to rise, showing that investment banks remain confident that the sustained rise in the stock market will continue. Statements from ECB officials showed that the ECB is optimistic about economic developments in the eurozone, but also that the conditions for a gradual withdrawal of stimulus measures are almost met. Higher 10-year US Treasury yields can be seen as an indicator that US investors also believe that economic growth will continue for longer. September was the worst month for equities in the last two decades, and we also see hedge funds preparing for a reversal. For now, markets remain optimistic, waiting for more clues on the Fed's plans for the coming months. The ECB's optimistic comments have eased growth concerns for now. Risk sentiment remains positive, supporting risk-sensitive currencies such as the AUD, NZD and emerging market currencies. The rise in the EUR is likely to continue as expectations rise that the ECB has started internal talks on scaling back stimulus measures, which the ECB will then report on in detail at the upcoming ECB meeting (on Sep 9).
$ The strength of the US dollar is accelerating CAD breakouts| On Thursday's trading session, bulls of the US dollar made a significant rise. The dollar gained ground versus nearly all major FX counterparts, including the Euro, the pound, the Australian dollar, and the Canadian dollar, among others. Large-scale US Dollar advances enabled the DXY Index to overcome critical resistance and fly over the 93.50-price level to set a new all-time high for the year.
The USD/CAD and the AUD/USD have lately mirrored the strength of the US Dollar, which has been exacerbated by growing global growth worries, which have weighed on commodity currencies and fueled demand for safe-haven assets such as the dollar. The Canadian and Australian dollars are now trading at their lowest levels compared to the US dollar since February 2021 and November 2020, respectively, according to the most recent available data. Intensifying Fed taper chatter is likely to have contributed to the US Dollar's recent rally, but there is still ambiguity about the timing and extent of tapering. A weekly close of the DXY Index above technical resistance at the 93.35-price level may pave the way for additional rises in the coming weeks. Therefore, bullish traders on the US Dollar may have their eyes set on the 94.65-price level shown on the weekly chart above.
Besides the March 2020 swing low, the September 2020 swing high, and the 38.2 percent Fibonacci retirement of the DXY Index's current trading range, there is a region of convergence. If the US Dollar cannot sustain its current altitude over the weekend, bears may see their recent gains erode and seek support around the 92.00-handle of the US Dollar Index. Because of the recent break above the 1.2800-price barrier, the implied volatility of the USD/CAD has increased during the overnight period. Because of the event risk mentioned on the economic calendar, I expect more volatility in this pair on Friday. I expected Canadian retail sales and the index of house prices to be released at 12:30 GMT, and Dallas Federal Reserve President Robert Kaplan will deliver a speech at 15:00 GMT, respectively. Compared to the 20-day average of 6.3 percent, overnight implied volatility for the USD/CAD is 8.6 percent, which is in the top 91st percentile of measures collected over the last 12-months.
🚀The Eurozone stock index is ready to take off! Or ... 🤷♂️●● Mine scenario OANDA:EU50EUR
🕐 1W
TVC:SX5E
If you are interested in trading on the euro area economy, you can use this index. The EURO STOXX 50 reflects the dynamics of the largest and most liquid 50 shares in the euro area. The rapid decline in the wave (C) that gave rise to the COVID-19 pandemic was apparently a necessity within the ② of V flat.
🕐 1D
OANDA:EU50EUR
Now we are testing a quite strong level of resistance. Counting from a series of the first and second waves is a harbinger of rapid growth and extension of the third wave.
🕐 6h
OANDA:EU50EUR
Focus on the "invalid." level, the breakdown of which will serve as a signal of the transformation of the wave ((ii)) to the flat, or, even worse, the realization of an alternative count with black markings.
●● Alternative scenario
🕐 1W
FESX1!
In an alternative count, the boundary of a large triangle of degree IV "Cycle" will be expanded. The current growth can go in a wave (Y) of ((B)) followed by a decline in ((C)) . The count will become more relevant if the wave C of (Y) (6h) is transformed to the ending diagonal.
The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.
SX5E - On track to the topAs we said in the previous analysis of this index last week, the price moved upwards and we think it will reach the important resistance area marked on the chart. However, there could be corrective moves that could reach the blue trendline formed by connecting the lows of December 18th and January 28th.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
SX5E – Going to the topEuro Stoxx 50 is a leading blue-chip index for the Eurozone, providing a representation of the leaders in the region. The index covers 50 stocks from 8 European countries.
Technically, following the coronavirus crash in February-March 2020, the price has formed an uptrend that we think will reach the resistance area of 3840-3880. If the price corrects deeper before going to the top, the targets for continuation are the 3400 rectangular area and the blue trendline that connects the low of March 2020 with the retracement of October 2020.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Eurstoxx lowerThe rising wedge off a strong rally Eurostoxx50 shows us that the momentum on the higher is declining and inability to push to higher highs as easily.
Market closed below support signalling to further bearishness in the market.
This is a good entry however a pullback is also likely
EURO STOXX 50 #RRR 1:4 Short Setup LL and LHHI BIG PLAYERS,
on EURO STOXX 50 I found a nice LL and LH signal for shortsetup.
In 1 h chart the last low breakdown the previous low and in the 15 min chart it seems also like a lower low and a lower high.
The RRR (Risk-Return-Ratio) would be 1:4.
Kind regards
NXT2017
EUROSTOXX 50: next week overviewPrice reacted very good to the 2925 impulse. Now we're expeting a push to the high.
3110 coul be a good level to short
The European giant is continuing to drop downThe market continued to drop down from the beginning of this week making it one of several market that fell during week. We might see more dropping of the market due to France's foreign policy and its conflict with the Arab world specially since France monopolizes the biggest part in the Eurostoxx50 which negatively affected the rest of the participating countries in this giant stock market.
The Giant continued its collapse todayAfter the fall of yesterday, the.Eurostoxx50 continued to move downward especially after crossing the 3112 barrier that the price retraced from, giving the bears the leads to take market down being supported with high volume that confirmed fall.
ridethepig | Stoxx 50 into the elections and beyond📌 STOXX 50
The purpose of the operation here is a clean and simple 5-3-5 sequence to the downside which means the lows are still exposed to another flank attack from those accompanying bears.
This is a very important few weeks and months for volatility and in a roundabout way we must take full advantage of this while it takes place. I don't consider the manoeuvre here to be any different from the elementary operation we took at the beginning of the year in European Equities as we are in the same complacent environment with covid escalating out of control.
As we have discussed together before, the herd must always be wrong and recognising this and the misconception of the v-shapers can only lead to an eventual test of previous support. To the topside, invalidation will come via a closing breach of 3490/3500 as this is the level which is protected via its own barrier.
Thanks as usual for keeping the feedback coming 👍 or 👎
We're moving forward to reach our targetAs i said earlier, once the price breaks the 3169 zone it may move forward giving us more profits. Stay in your trade and keep an eye on market.
The European Giant may move upward heavlyThe market started strong by pushing down as the bears entered the market with high volumes to put a great impact on the market, but the bulls have squeezed the sellers at 3138 giving a feeling that the market may reverse go heavily upward. But the price should break a very important area in order to continue its way upward which is 3169, and if the price could break it we may see a beautiful long trade.
A strong bullish move of the giantI see a strong inclination of the market to go bullish since it already broke a resistance zone at 3227 and it is supported with a significant awakening in the volume. Once the green volume explodes, we will see a beautiful long trade but you should watch for the resistance zone at 3255 that might reverse the market.
The market is showing an inclination to go bearish this morning!I see that market has given a good bearish signal with a significant volume that is superior to its previous volume, but i also see an support zone at 3198 that the price should break before taking off downward. When the price breaks the support line, you should definitely sell the market.
We might see a slight bullish move so soon.As you can see, the market has finally approached the resistance zone and is trying to break it! When we see that breaking happen we will see a strong move upward! Please make your profit at 3227 so you may exit there! Happy trading.
A strong volume explosion showing a potential bearish big move!As you can see in the chart, the Eurostoxx50 showed a big volume explosion indicating an intention to move down yet there is no confirmation unless it breaks the support area at 3171. I showed a consolidation area in the rectangle and what made me assume a soon bearish move is the breaking of the rectangle. On the other hand, if the market changes direction and breaks the resistance area at 3217, we will see a strong bullish move taking the market to a higher price.
The Euro Stoxx50 Is trying to trap the traders.I see that the market is trying to trap some trader as it is trying to show a fake move to the bottom where there is a tremendous support are at 3189 that pushes the price up no matter what! On the other hand, there is also a strong resistance area at 3217 and i see there is high probability that it will break it and move up. So, when the price breaks that resistance area, you definitely should buy the market.
The Euro Stoxx is showing a potential strong bearish move!The market is preparing to break the support area that is moving toward it now and if it breaks it you should definitely sell the market. But if it bounces back we have to wait and see if it will break the resistance area at the top and if it breaks it, the market will go high.
The Market is trying to go Bullish on the 30M chartWhen the price crosses the resistance line at 3201, you definitely should buy the market as the volume is creating a strong momentum and the bulls are entering heavily to buy the market.
The Euro Stoxx 50 is showing a probable Bullish move on the 30MSince the market could not break the strong resistance area at 3169, the market will keep going bullish. But if the market breaks the support area with a strong bearish candlestick, then the market may go bearish. We will have to wait and see.
