PepeMafia

PepeMafia

After weeks moving sideways and without a car direction, both fundamentals and technicals give positive reasons to be bullish at the indexes. Not only that the macroeconomic figures are forecasted to be strong but so are the quarterly results from both European and American corporations. Hence, we reopen a bullish position looking to profit the upcoming bull market.

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EURUSD has been recently moving sideways due to the uncertainty of mostly the trade war between China and USA. However, in the upcoming days it should resume its bearish trend without any support ahead in the near term.

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US Dollar Index is resuming its bullish trend. Nevertheless, even though it has left behind many resistances now it is facing an horizontal resistance that will decide whether it create a double top or breaks it and continues its run. For now, we await to see its reaction the following week.

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UDSJPY is finally approaching a breakout opportunity after weeks moving sidewyas. If it closes above the line it will create a strong buying opportunity. Yesterday it tested the line but did not get to close above it, hence, we'll await for the expected breakout by today's close.

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After breaking strongly the bullish trend and breaking an important support, DAX is now facing of uncertainty and continues moving sideways. First the breakout and then the retest confirm a continuation of this bearish trend which will face many supports. For now, we just wait to reach the first one.

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After breaking abruptly upwards, there is not a clear direction for oil in the neat short/medium term. The rational thing, considering Trump comments on oil production and concerns on inflation, is that the price should go down. However, technically there is not a car direction. For now, we do not take any unnecessary risks and wait for a confirmation.

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USDJPY is finally approaching the monthly downtrend resistance we have been waiting for weeks. In case a close above it and a breakout a long position will be opened. If not, we'll wait more to see from which side it decides to break the monthly triangle it has been moving sideways for months.

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The British Pound initiated the expected downtrend, nevertheless, a small correction has taken place against the US Dollar. Next days will be key to see wether it continues the downtrend or it reverse and breaks the resistances. For now we hold expecting a continuation.

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Euro continues its low but consistent downfall against the US Dollar. Recently it has been moving slightly sideways however it remains in the green. After the recent small correction, a continuation of the bearish rend is expected.

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After a fake breakout in the bearish trend and a bounce back from the resistance it is back on track to approach again the target take profit. For now, we hold the position.

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After breaking and retesting the upward trendline ut confirms the continuation of the bearish trend that began weeks ago and that we are joining again. Without notable supports ahead it should continue going down.

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After moving sideways between two key support and resistance for weeks, USDJPY is approaching now the resistance above. However, it is necessary to wait for now until it confirms whether it will test it and come down or it will break it for once. Thus, for now we wait until confirmation of breakout.

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After a fake breakout it has breaking down again against the two supports that were supporting the upward movement. Hence, we open a new short position that has now supports remaining ahead.

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After attempting the retest it has dropped even further continuing the weekly bearish trend it formed previously. Shor position should remain open as for now has clear path downwards.

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DAX has been tumbling the last few months but after breaking the resistance it has been plating with lately it has followed a clear path upwards. For now we hold as fundamentals from last week support the markets even more.

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US Dollar Index just broke with power a critical monthly resistance totally reversing the bearish trend it has been following in the last months. We may see small retest but it will only serve to confirm the beginning of a bullish trend. Therefore, it is a good moment to buy putting the SL just under the minimum of the last session and the TP above the last...

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After breaking the bullish resistance it was holding on now it is retesting it. This retest confirms the continuation of the recent bearish trend. For now we remain bearish.

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It could not close above the resistance we based in our long position. So, this week will be key to know whether it can close above at some point eliminating all the fears of a possible bearish trend. In case it does not close above and confirms the retest we will close the position and open a bearish one.