Siemens AG putting in the last leg of a major cycleWhen blue-chip large-cap stocks complete cycles, they are often "canaries in the coal mine" for the entire index they're part of. German public market investors should invest cautiously going forward, since a major market correction is likely to occur this year.
Germany
DAX strong enough to keep rising?As we see, DAX already broke the channel resistance but seems to be preparing for consolidation zone. Still unclear. Movement too close to the starting point, so slightly bullish, but no longer out of risk, so at any time we can see a completely different scenario.
It is completely out of mind that the world is being ruled through twitter for these days.
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The pair has overcome the lower level of supportJudging by the majority of technical indicators, we have seen a downward trend. And the published data from Germany, based on this statistics, had been worse than expected.
Considering that our pair has broken through the resistance level, its further target is likely to be the level of 1.22 and 1.2170.
The trend indicator RSI is directed downwards, and Stochastic is trying to go into the oversold zone and also points to the sale. Also, when drawing MA (20), we can observe that at this level (4-hour chart) there is a resistance level. Therefore, we advice to occupy short positions and go on the turn, only in case of overcoming the moving average.
bitcoin - did we have a bottom? 30.03.2018bitcoin - did we have a bottom? 30.03.2018
we see a little bounce at the 7000$ mark.
we need more volume to break out over 8000$.
stay safe, at fridays they often take out more money!
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bitcoin - finden wir heute einen boden? 30.03.2018
aktuell hält der chart seine 7000$, zeigt aber potential übers wochenende die 6000$ zu erreichen!
Wir benötigen mehr Volumen um über die Widerstände bei 8000$ auszubrechen.
stay safe, freitags realisieren viele trader ihre Gewinne was zu weiteren abverkäufen führen kann!
BMW make it or break it After the big hummer for german auto industry last year, we escaped downtrend. The recovery however is shaky and for the better part of the year we were under mid of the pitchform.
Earnings might help BMW above the redline or break below the pitchfork range. Keeping an eye on general DAX preformance too.
Good luck and happy trading.
German Yield Curve Flattens as EU Problems Sink inAlthough the fake news would have you believe that the Eurozone is fast on its way to recovery, it is still mired with issues and the failed Euro is taking its toll on German yields. There is still geopolitical tension, a migrant crisis, and a huge stagnation in inflation that extends to the entire developed world.
The Kovach Chande is incredibly bearish and we are testing the lower bound of the Kovach Reversals Indicator. Look for a brief pullback from this lower bound before it presses further.
Check out the Kovach Indicators here !
Short EURUSD Trading PlanRationale to short EURUSD :
1. Market pricing in the positive progression on German politics (coalition), lack of fresh news coming out of it, I am neutral on Euros right now (but keep my eyes peeled for the German CPI)
2. The "hawkish" statements by Powell, it should make the dollar supported for the day at least.
3. Technically, EURUSD making a lower-low price structure, so technical sentiment for me aligns with the fundamental sentiment today.
RISKS for this plan (which could invalidate the plan)
1. Germany Prelim CPI numbers is stronger than expected (Forecast : 0.3%, previous 0.0%). Even if the number 0.1% (more than previous), it could move the Euros upwards.
2. Any negative language came out from tax reform news
3. OPEC meeting today. USD can be pressured if oil price rallying (ripple effect from USDCAD)
4. and sooo many things we could never foresee...
DAX. Possible wave 5 upHello there!
We could have the last wave up.
Risk/Reward is very good as trend's support is just below the price.
Watch white rectangle for targets.
Very clean trend channel without false breaks.
Using German Bonds to hedge against Bitcoin-CrashAs Bitcoin and Stocks are pretty much overbought right now, it is maybe a good idea to sell some Bitcoin on the next ATH (maybe 6900 - 7200$) and get some german bonds, as they are pretty safe, looking good on the chart and have pretty low returns yet, which could increase after other markets crash and so increasing the price people would pay for them .
Just a little idea, lets see how it would work out for me.
Cheers
More evidence of a weakening EURUSD pairGermany's construction PMI was recorded yesterday at an 8 month low of 53.4, down from 54.9. This means that a little over half, and shrinking, purchasing managers have positive sentiment. To me, these indicators provide good guidance as to the overall direction of the markets. Germany's PMI wasn't the only indicator that released down. Construction output was also down, confirming the sentiment in the PMI, as well as home ownership.
Germany is the world's fifth largest economy, according to the CIA World Factbook, and Europe's largest. Because of this, I think it's healthy to keep an eye on Germany. A slow down here, fundamentally, can indicated a slowdown in Europe overall, weakening the EUR/USD pair.
Pair this fundamental information with the technical breakdown of the pair, a lower RSI range and a minor consolidation forming, and the fact that the DXY is gaining strength as well as the US economy, and I think you have good evidence of a weaker pair in the future. I am personally going to look to short and watching it as it approaches the 1.14 level. That's where I think it is headed. I'll probably allocate 5% of my portfolio to this move down, for the mid to long term.