The potential for a head and shoulder formation should be there, however, when the big tech earnings are released we will know more.
At the end of the trading week, the German index tested an important resistance level. Will this hold up? Important events are coming up that do not promise a good outlook.
If it breaks below down, than we will have a little problem.
If the candle holds its position, we could expect falling oil prices in a few days. Is influenced by: - Increased OPEC production - Fewer corona deaths - And that inflation has (temporarily) peaked.
There is no telling what will happen, but from a technical point of view there are two possible outcomes that can happen. And one of them is not the good one.
There are more earnings coming up for the 18th. However, since the banking sector has not brought particularly good figures before, one does not have to expect that the following ones will bring a highlight. If you are from a technical point of view, then you can establish a short chance in combination with unconvincing numbers.
We are farther in a big downtrend channel. Right now there aren’t any impulses for a bullish reversal but if there are any more worse economy news about England than I guess we should get a stronger euro to the British pound.
I gonna expect economic news about England that are not that good as much. Furthermore on chart technical base we have strong support below down.
It doesn't have to be the situation in Kazakhstan that is causing uranium prices to rise. The media are currently raising the issue of nuclear energy in a positive context to renewable energy
In general we are on the downward trend. The question is whether this is now a consolidation and the trend will continue, or whether there will be a breakout.
Already drawn in earlier, we have a circular resistance that is working bullish. The POC zone is highly competitive and has been attacked several times. But still holds. As long as we do not have any stronger bearish impulses that break the resistance downwards, one could start again with an easy position. - Key resistance: 1787-90 - The very last support stamp: 1780-82
Nothing much to say except that we are in a steep upward trend. It may not be visible in this graph, but we still have bull gaps in the DAX
From a technical chart point of view, one could say that this is an overbought area that needs consolidation back in order to take advantage of further upside momentum. However, please note that you should use a possibly wider stop loss because of the high volatility.
With the number of infections rising to new record highs every day, the government expects both businesses and public services to face disruptions.
Gold is always very interesting because you always have to look twice. Due to the new structures I have been able to update from my last analysis, I think that we are in a small upward trend.
it seems like last week's surge has not been filled with enough liquidity. Nevertheless, there are clear upward structures.
With the "crypto euphoria", VRA is one of the coins that has a stable technical chart pattern.