PepeMafia

PepeMafia

Without taking a clear direction DAX is still going sideways. Regarding tehcnicals, it is approching the end of the recent weekly triangle it has formed. It should at least approach the top of it, where we may close the position. In terms of fundamentals they should support an upward movement as the corporate results and macroeconomic indicators remain solid.

PepeMafia

Macroeconomic Outlook Last week was intense with multiple central banks meetings, corporate results and many macroeconomic indicators. Anyway, the final outcome for the markets was mixed. - Good in USA - Regular in Europe - Bad in China Overall, after what has been happening in the last weeks, there will three key factors that will influence in the...

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USOIL broke the bullish trend and right after that, it has just confirmed the upcoming bearish trend through the recen retest. This movement give more security and confidence to this trade that we'll leave open for now.

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First USDJPY did a bullish breakout after breaking the monthly resistance. Now, it has gone down until it retested it which just confirmed the upcoming bullish movement. It is still a good time to open a new position withan increase expousure to this trade. For now we hold both positions unitl next notice.

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After GBPUSD broke a strog monthly support it continues to have a clear path for more downwards movements to come. For now has paused and we keep holding with expectations of a continuation of the bearish trend.

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After movig sideways for weeks it has formed a short-term trinagle that is due to create a breakout movement. For no we hold awating for a string movement to be formed. In case it goes above we close the posiiton with small profits. In the other case of breaking below it we would hold the position.

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After breaking the bearish trendline, US Dollar Index has rebounced twice from it. Withou clear direction it has been going sidelines fo weeks. For now we hold unless something extradiordinary happens.

PepeMafia

DAX is reacging the end of the monthly triangle. As it tops the upper resistance we'll close the position, which we expect to happen in the upcoming weeks. After that, we'll watch closely in which direction the breakout happens and wether we take a long or short position. For now we hold.

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Macroeconomic Update – Weekly Outlook (July 23 – 27)   Markets closed with positive returns, since they had a positive start due to the strong quarterly results reported by companies along with the optimistic tine by Powell, president of the Fed. • However, it started losing momentum as Trump stated he was considering in implementing new tariffs to Chinese goods...

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After the breakout and retest of the support trend line along with Trump increasing its use of American oil reserves lead to the opening of a short position on Crude Oil. We'll remain focus on this trade and updated with all the macro news.

PepeMafia

After breaking a strong monthly bearish trend, it has recently reversed creating a correction. For now we remain bullish and waiting for the resets which, in that case, will confirm the breakout and the continuation of the bullish trend.

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Without a clear path EURUSD has been recently hanging within the same range. Patience is the key in this trade and there is nothing to but wait to for the bearish trend to continue.

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GBPUSD remains with the same outlook as previous weeks so for now remain bearish looking forward to capturing the rest of the downward trend.

PepeMafia

DAX, as the rest of Europe, has been moving sideways recently. However, fundamentals and macroeconomic indicators remain solid and the end of the triangle it has been involved in is approaching. For now, we leave the position open looking forward to capture the movement within the triangle. After the breakout and a revision of the fundamentals another position...

PepeMafia

After retesting the bearish trend line it broke previously, US Dollar Index just confirmed upward trend. Hence, for now we leave our long position open in order to capture it.

PepeMafia

Between resistances and supports there is not a clear path oil prices apart from the many fundamental variable surrounding it. For now remain neutral awaiting for a clear signal.

PepeMafia

After weeks awaiting for the breakout, it is finally confirmed. Open position has been opened waiting for the continuation of the bullish trend. It can either continue or do a retest which will eventually lead to a stronger confirmation of the breakout and the beginning of bull run.

PepeMafia

GBPUSD is beginning the bearish trend we were awaiting for. However, there is still a long way to go until it reaches the profit target. It can either resume the bearish trend or start moving sideways due to uncertainty. Next weeks will be key to watch what happens both fundamentally and technically. For now, we remain bearish.