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06.07.2020

03.07.2020

FTSE: technical analysis

On the H4 chart, a lateral trend has formed. The instrument is trading within the narrow channel formed by the lines of Bollinger Bands; the indicator cloud is narrowed, the preservation of the lateral trend is possible in the short term. MACD histogram is near the zero level, its volumes are minimal; the signal line moves horizontally without forming a clear signal to enter the market. Stochastic left the overbought zone, having formed a signal to open sell orders.

02.07.2020

SX5E: Ichimoku clouds

Let's look at the four-hour chart. Tenkan-sen line is above Kijun-sen, both lines are directed upwards. Confirmative line Chikou Span is above the price chart, current cloud is ascending. The instrument is trading above Tenkan-sen and Kijun-sen lines; the Bullish trend is still strong. The closest support level is Kijun-sen line (3236.8). One of the previous maximums of Chikou Span line is expected to be a resistance level (3500.0).

01.07.2020

FDAX: wave analysis

The price may fall.

On the 4-hour chart, a downward correction developed as the fourth wave of the higher level 4, and the formation of the wave 5 started. Now, the first wave of the lower level i of 5 is developing, within which a local correction is developing as the fourth wave (iv) of i. If the assumption is correct, the price will fall to the levels of 11527.2–11220.6. In this scenario, critical stop loss level is 12600.3.