Tag Archive Euro

Waiting on a CAC 40 Breakout




Waiting on a CAC 40 Breakout soon.

The CAC 40 the benchmark of the French stock market index and closely linked to the German DAX and Euro data.

It’s currently wedges in between the areas of Buyers and Sellers who are dug in not prepared to give an inch, with a small area of breathing space to gather momentum for an expected breakout

The French shares have been moving higher so we believe this may be a breakout overpowering the sellers at around the 5505 area and continue to an upward trend and benefit our trade.

However it does appear that price is moving in to a triangle trend line so price may get squeezed by the pressure of the Bulls and the Bears before the CAC 40 Breakout is achieved.

Who’s going to blink first?

CAC 40 Breakout

(Our trading and image was done using an account with UK based broker IG)

*Please Note, Binary Options and Forex trading can carry a high level of risk to your capital as you could lose all of your investment. These products may not be suitable for every investor, therefore ensure you understand the risks and seek independent advice. Invest only what you can afford to lose. We are NOT financial advisers and we do NOT offer financial advice. 




German DAX Trade




Looking at the DAX to be slowly gaining some ground, we’d entered the trade on the DAX on the up move.

We did have some data out this week regarding the Euro, German Prelim GDP q/q, German ZEW Economic Sentiment and the Final CPI y/y which can have an effect on the DAX strength.

Looking at the chart we could see price entering an area we believe could have some more sellers and even in to the 13200 area, we were in good profit on the trade and didn’t want to risk a pullback.

We closed the trade and made some money for the fund.

DAX Trade

(Our trading and image was done using an account with UK based broker IG)

If you want to learn how to make money online, then click here to learn about one of our Traders

*Please Note, Binary Options and Forex trading can carry a high level of risk to your capital as you could lose all of your investment. These products may not be suitable for every investor, therefore ensure you understand the risks and seek independent advice. Invest only what you can afford to lose. We are NOT financial advisers and we do NOT offer financial advice. 




Take Profits From Euro Weakness




Looking at the technical analysis showing the EURUSD set to breakout after months of sideways movement due to potential Euro weakness.

Soon we’d be looking at potential breakouts, possibly to the downside.

We could be seeing return of US Dollar strength as we move further into 2nd quarter as well as taking into account the Eurozone that has seen such a dramatic drop in growth over recent months proving to make further Euro weakness.

The ECB has started to reduce the quantitative easing due to the strong recovery in the region with real GDP has expanding for 19 consecutive quarters, meaning  it doesn’t need the excess liquidity provided by flooding the market with cheap Euros.

We exited with a nice £644.50 for the fund.

Euro weakness

(Our trading and image was done using an account with UK based broker IG)

If you want to learn how to make money online, then click here to learn about one of our Traders

*Please Note, Binary Options and Forex trading can carry a high level of risk to your capital as you could lose all of your investment. These products may not be suitable for every investor, therefore ensure you understand the risks and seek independent advice. Invest only what you can afford to lose. We are NOT financial advisers and we do NOT offer financial advice. 




 

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