STOXX50 trade ideas
Key level for Eurostoxx50 index - at 5 year highEurostoxx 50 has been on a very strong run. Key level being tested on the 5 year weekly chart. The index has already reached a 5 year high but if can break and hold above the resistence line at 3705 it could head up 3824 and anything above that would be the high going all the way back to May 2008
Strong Buy Signal on EU50 Stoxx Weekly chartEuropean stocks were undervalued relative to their USA peers for quite long time. Now it is time for a reversal. Solid fundamental valuation combined with favorable price action for long term swing trade.
Expecting some profit taking at that level before reshortingCluster of frustrated short sellers there
EuroStoxx 50 IndexIndices | EuroStoxx 50 Index - "Price Has Memory".
- Price rejecting at prior swing highs (resistance zone)
- Can pull back to 3592 (blue line).
- Currently trading 3680
EUROPE50 STOXX Index SHORT - divergence and momentum resistanceAfter the sharp rise it has slowed down and we can see more bearish bars on the chart. This has also created a divergence on the RSI. The loss of momentum has established a momentum resistance around 65 on the RSI which price doesn't seem to be able to push through and the 9EMA on the RSI has caught up with the signal line.
All this suggest a technical reversal which maybe will re-test the MA200 support.
"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 50 - due a breather?I'm still bullish equities but reckon that a few markets might be due a decent correction. This count makes that case for this index that one is due to start sooner rather than later.
EURO STOXX 50(W) Triplet Resistance Expanding Wedge (ABCDE ?)RSIEURO STOXX 50(W) Triplet Resistance Expanding Wedge (ABCDE ? )RSI
EU50 EUR, Best place for Buy!The price is above Support/Resistance Zone.
We can look for Buy if it will make a pullback to 3479.0.
Before to trade my ideas make your own analyze.
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Thanks for your support!
Euro Stoxx 50 - 240 - Struggling with the upsideTrade idea.
After last week's heavy slide, the index is trying to recover somewhat, but it has got a few strong barriers to overcome first. If it struggles to move back above the 3500 barrier, we may see another round of selling, possibly bringing the price back to the 200-day EMA, or even below that. For now, we remain cautiously-bearish.
Please see the chart for levels, targets and the alternative scenario.
Don't forget your stop-loss.
EURO 50 Long stop @ 3388 target @ 3529
if the trade moves against us 2nd position @ 3448 3rd position @ 3424
"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:
