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Monday, May 29, 2017

Financial markets Europe 29 ΜΑΥ - Stabilizing picture with small losses for the European markets - DAX

Market comment ..

Good morning Europe... Stabilizing picture with small losses is the European markets. The EUROSTOXX index recorded losses - 0.15% to 3,578 m. DAX moves stabilizing with small losses - 0.04% to 12.597.5 m as French CAC 40 - 0.14% to 5.332.33 m FTSE 100 today remains closed due to bank holiday Brent continues to show losses - 0.10% at 51 , 99$  .. while the EUR / USD recorded marginal gains of + 0.13% at 1.1188. Traders hold a standstill while attention is focused on oil decisions at the OPEC meeting.

EUROSTOXX


Now let's take a look  at the movement of the German DAX index ..


Technical Analysis chart DAX 



The German DAX Index in Börse Frankfurt, at the beginning of the session, fell to a low of 12,578.58 m marginally under the support of EMA 21 at 12,597.76 m and is currently attempting a positive recovery. But personally I would feel safer for an entry signal if the prices hit below diagonal support in the 12,545m area.

 Prices despite the pressure of the previous days continue to move above the Kumo of the ichimoku cloud, remaining bullish, in an attempt to break up the plane of the Tenkan-sen oscillator (sea line 9 days) at 12,638 m. ... 

The Chikou Span (green line ) rapid oscillator after continuous alternations to the present levels maintains a neutral stop, giving a slight upward angle, at the level of 12,596.17 m increasing the probability of positive inversion 

The fast stochastic index again revolves in a neutral zone at 38.16 m giving a small positive deviation ... and a possible buy signal






Technical Analysis chart CAC 40



Technical Analysis chart FTSE100   closed 



Technical Analysis chart Brent Oil



Technical Analysis chart EUR/USD




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