Since October 8th, the DAX has lost close to 1000 points. This graphic offers a technical framework on the bear trend and shows that the DAX moves into a bearish parallel channel which has been tested several times. We can also notice that prices have reacted on 11050 points. In my case, before to take a swing position on DAX, I am waiting for : -A breakout by...
STOP: 12460 TP: 11900
CHXEUR:MTA is on its support at 24.1€ which has been tested 3 times by the past. We see the reaction on support with strong volumes. Momentum is rising were we can expect price increase on the next days TP1: 26.5 TP2:28.25
On January 18, EURONEXT:FR stock price was around 66€, close to its all-time high. 9 months later, Valeo has been almost divided by 2 with the formation of a very specific type of technical price pattern. The "Dead Cat Bounce" As defined by Helen Alpino, the dead cat bounce comes a time in a downtrend when bear traders decide to take profit. Bull traders...
XETR:DAX is today in contact with its bearish trendline. As DAX is forming since several a Head and Shoulders pattern, today DAX value could be consider as a good timing opportunity to short the DAX. Stop: 12 600 Target: ~ 10 000
FX:EURUSD has just validated Inverse Head-and-Shoulders The small pull back seen on Friday offers us a good price to enter in position on OANDA:EURUSD Stop: 1.15 TP 1: 1.197 TP 2: 1.216
On UT 4 hours, JXY is under a falling wedge pattern (The Falling Wedge is a bullish pattern) The RSI has a today value around 27 and, in addition, the JXY is close to its support at 88.3 From the upper elements, we can remain aware about and wait for any bullish signal. If this signal appears, a short on OANDA:USDJPY or EURJPY could be very interesting From...
Only a breakout of support trenline could be considered as bearish signal on the SP:SPX
TVC:GOLD leaves its bearish channel from the top RSI is rising and MM20 is going to switch to a positive trend. The weekly view gives us the same conclusion. We can consider that 1205 USD is a good price to buy Gold with a target price at 1280 USD Stop loss has to be placed at 1165 USD
EUR/CHF is evoluating in a parrallel channel since 2015 We are now at the bottom of this channel.
The CAC 40 is in a positive trend within a parallel channel since beginning of July (which is also the case for the RSI) 5440 could be a good area to enter into this market for 3 reasons: -In contact with the MM20 -Bottom of the parallel channel -Support tested on August, 2nd Target price : 5530
A symetric triangle has been formed on AIR LIQUIDE stock. Volume drop confirms this figure. The triangle exit will give the next trend