buyem_nl

buyem_nl

A strong recovery within the larger down trend is in progress. Since EUR strength (intraday) is quite wide spread so some trading-buys are appropriate. A more conservative approach is to cover EUR shorts and avoid exposure until the market reshuffles to more favourable risk/reward levels and more clarity arises. We are buying for a quick rally to about...

buyem_nl

The recent declines are classified as a regular counter trend phase. Declines towards 0.9850 and even 0.9725 will not alter the main underlying uptrend. Moreover, basing at either of these levels keeps the trend intact and gives buyers a renewed chance for some long-entries.  Note that very substantial resistance is found on the weekly chart between 1.0240 and...

buyem_nl

29 MAY 2018 The high intensity down trend remains in play. Major support is however coming in range around 1.1450. Here the pivots of 2015-2017 coincide with the 50% retracement (weekly) and the lower regions of the cloud. Overall, some consolidation or short-covering is expected. It is however noteworthy that intraday divergence of loss of momentum is still not...

buyem_nl

Near term pressure in the Euro is visible across the board, even versus relatively weak secondary market crosses such as ZAR. A continuation of the down trend towards the weekly support zone at ~13.87 is expected. Clearing this area means the completion of a huge triangle pattern. Declines towards 12.6440 and roughly 11.61 then come into focus. We are already...

buyem_nl

Italian 10yr yields have just surpassed the 2.61% level. Bond are clearly in a free fall after the earlier breakout below ~100 earlier in May. The first target at 95.21 has just been surpassed, opening the road towards the secondary target at 90.18. Minor counter trend rally’s are allowed up to 98.65 without altering the highly bearish outlook. IGBs look...

buyem_nl

After considerable peaking at the important 38.2% retracement, sellers are preparing a renewed push lower. The internal trend line has already been taken out, confirming our negative stance. A final confirmation occurs below 145.85; dipping below this area opens the road towards 135.55 and the main target area around 126.65.  With stops above 153.60 we are...

buyem_nl

Although there is a slight discrepancy between the near term and longer term time outlook, upside potential is enough for some aggressive buying strategies. The 420-minute intraday chart below shows the contours of a new ABC recovery or perhaps even a new impulse wave targeting 17.9760 (conservative) and 8.1150. Both targets are well below the key weekly...

buyem_nl

The near term chart shows all signs of a bullish breakout. Clearing 31.303 triggers a new (intraday) uptrend towards 31.54, 31.81 and perhaps a tat higher. Such a rally is nevertheless classified as a counter trend rally within the longer term down trend. moreover, it will be the first noteworthy recovery since the down trend commenced in Q4-2016<>Q1-2017. Weekly...

buyem_nl

The large triangle pattern is about to break to the upside. It's not one of our favourite patterns and we prefer to avoid long-exposure in stocks (regardless of sector) at the moment, but for those seeking long opportunities, the energy (-related) sectors are probably best. Also, selectively (!) base metals and pm-miners offer some opportunities, but you really...

buyem_nl

Growing divergence after hitting the weekly barrier at 8.5290 suggests sellers are returning again. Expect a breach of the trend line and a correction back to 8.3000, 8.1570 and roughly 8-even over the next days and weeks. Although the longer term is more or less neutral, broader USD weakness does support an aggressive short-entry strategy. Near term trend:...

buyem_nl

With considerable bearish divergence on the weekly chart and a fragile daily chart, investors should be wary of a break below the trend line of early 2015 at 58.70. Clearing this area triggers a deep correction towards 54.45 and 51.30. Furthermore, chances of a new primary down trend will grow significantly with such a decline.  Exit-long and/or trading short...

buyem_nl Updated 

Short @ 1.5885 (@ market) Target: 1.5560 (+2.05%) Stoploss: 1.6015 (-0.82%) Risk/reward ratio: 2.5 Time frame: intraday/daily OANDA:EURCAD

buyem_nl

A = resistance B = flush-high / false breakout / whatever you want to call it C = formation of resistance @A The outlook has been bleak for some time. Pressure is mounting further with the development of a large H&S reversal pattern on the weekly chart. This pattern will be completed below the neck line at ~42.00. This pattern, in combination with the weak...

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With heavyweight Intel getting hammered today, the outlook of the broader semiconductor index obviously gets dragged along. The already unconvincing outlook of the past months has taken a turn for the worst by breaking below cloud support at 1299. The minor internal trend line at 1272 is now scrutinized but a move lower seems a mere formality. Focus is on the...

buyem_nl Updated 

Obvious shorting candidate (and lets be honest, a nightmarish surveillance company... Stasi would be jelous...). Anyway, Trade Parameters: short-entry below 171.40 Target @ 150.80 SL @ 178

buyem_nl

The consolidation pattern (triangle) on the daily chart has formed just above the cloud support on the weekly chart. Triangles are often - but not always - continuation patterns, especially when forming within a strong trend, in this case a down trend. In other words, we expect the triangle to lead to more weakness over the coming days and weeks. Dipping below...

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Pressure within the European Oil&Gas Sector is paramount. Virtually everywhere stocks are tanking or showing flimsy holding patterns at best. SubSea7 has been a big outperformer within the sector, but that seems over now. Prices have set a new lower peak below the previous consolidation pattern. Cloud support has been taken out to the down side and, as mentioned...

buyem_nl

Sellers are preparing for a big push lower. The narrow range on the daily chart occurs just above the weekly cloud support and is almost certain to lead to a rapid sell-off over the coming days and weeks. The overall market condition is too outspokenly bearish to shrug off. At a minimum FedBank has all the odds stacked against it. Dipping below 89.40 should speed...