What Will Happen with the Euro? An Economic Perspective.
eurusd-is-falling-what-to-expect-from-the-future-price-movement
Equity Markets Outlook
Information is not investment advice
The stock markets are usually considered indicators of the strength or weakness of a country's economy. Therefore, many traders review indices as a leading indicator of what to expect from large economies around the globe. Let's look at a few of these without further ado.
US30
The US30 is trading inside a wedge pattern on the daily timeframe. The price has recently bounced off the demand zone that overlapped the 200-period moving average. From the positioning of the moving averages, the sentiment is bullish. The primary target area would be the supply zone at the resistance trendline of the wedge.
Analysts’ Expectations:
Direction: Bullish
Target: 33 996
Invalidation: 32 541
US500
The trend on US500 is currently contracting and has thus created a wedge pattern. We have seen that the 50 and 100-period moving averages are currently above the 200-period MA, implying a bullish sentiment. Working with this sentiment in mind means that the initial price target would be somewhere around the supply zone, just below the trendline resistance of the wedge pattern.
Analysts’ Expectations:
Direction: Bullish
Target: 4153
Invalidation: 3961
HK50
HK50 has reacted quite powerfully to the supply zone, as we can observe from how far the price dropped from the zone. However, I expect we will see some bullish reaction from the current area based on the crossing of the 50-Day moving average above the 100 and 200 moving averages. Additional confluences include: · the 88% of the Fibonacci retracement· 200-moving average as a support · the break above the previous high at 20100.
Analysts’ Expectations:
Direction: Bullish
Target: 22 000
Invalidation: 19 500
CONCLUSION
The trading of CFDs comes at a risk. Thus, to succeed, you have to manage risks properly. To avoid costly mistakes while you look to trade these opportunities, be sure to do your due diligence and manage your risk appropriately.
Legal disclaimer: The content of this material is a marketing communication, and not independent investment advice or research. The material is provided as general market information and/or market commentary. Nothing in this material is or should be considered to be legal, financial, investment or other advice on which reliance should be placed. No opinion included in the material constitutes a recommendation by Tradestone Ltd or the author that any particular investment security, transaction or investment strategy is suitable for any specific person. All information is indicative and subject to change without notice and may be out of date at any given time. Neither Tradestone Ltd nor the author of this material shall be responsible for any loss you may incur, either directly or indirectly, arising from any investment based on any information contained herein. You should always seek independent advice suitable to your needs.
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What Will Happen with the Euro? An Economic Perspective.
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