The Dax left the short-term downtrend middle of October. The reduced economic growth outlook has currently not led to a further sell off. Supply chain problems and a looming risk of stagflation will continue to concern markets. The medium term …
After a false breakout to the bottom on 04.05.2021 the Dax recovered again and attempted to break above 15’540 points. Despite the long-term trend still being bullish, the medium-term and short-term trends look rather sideways. The sideways channel being between …
Since 16.02.2021 the Euro rose strongly against the Swiss Franc and surpassed imprtant resistances at 1.09 and 1.1. After the strong move in June 2020 and the breaking out of the long term downtrend in August 2020 this is the …
Again the potential pullback in Gold did not materialize and the rallye rocketed through 2’000 reaching a high of 2’071 on 08.08.2020. The RSI is still looking overbought and the correction could easily continue down to 1’900 without disturbing the …
The Dax Index fell back to the first support at 12’780 last week. Now situated just above the recent upward-trendline, in the next days it will be crusial to defent the current level and not fall below. Otherwise the support …
The potential pullback in Gold did not materialize. The rallye went straight to the target, the 2011 high around 1’911$. Thereby breaking upward throught the trend channel. The chart still looks bullish despite the RSI looking overbought and a higher …
After the EU agreed on the 750 € billion COVID19 recovery fund stocks and commodities rose. Especially gold. Most likely inverstors are expecting that with these huge sums finally some inflation will occur. Gold rallyed through the resistance at 1’800$ …
After reaching 1.0606 on the downside a bullish engulfing occured in the EURCHF an the Euro rose through resistances at 1.065, 1.07 and 1.075 up to almost 1.08. From there it corrected downward again. Keeping the primary downtrend intact. Whilst …
Two days ago I wrote: “A break below this level (1.071) could mean the end to the current medim term uptrend. If the level holds, the 1.083 would need to be broken on the top to break out of the …
20200611- EUR/CHF – easy come, easy go and back into the downtrend Read more »
From the lows around 1.05 the EURCHF rose above the resistance at 1.06066 on enthusiasm about the COVID19-recovery programmes of unprecedented amounts delivered by the European Central Bank and the governments. Furthermore there is indications that the Swiss National Bank …
20200609- EUR/CHF – broke out but still in primary downtrend Read more »