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USD/CAD: general analysis 21 September 2018, 12:37

USD/CAD: general analysis 21 September 2018, 12:37 Scenario Timeframe Weekly Recommendation SELL Entry Point 1.2905 ...

Apr 16, 2018

SX5E: technical analysis 16 April 2018, 13:16


Scenario
Timeframe Intraday
Recommendation BUY
Entry Point 3450.0
Take Profit 3490.5
Stop Loss 3422.9
Key Levels 3256.1, 3275.1, 3313.1, 3347.9, 3379.6, 3409.7, 3490.5, 3539.6, 3569.6, 3621.9, 3674.2, 3704.2
Alternative scenario
Recommendation SELL STOP
Entry Point 3379.0
Take Profit 3326.0
Stop Loss 3400.0
Key Levels 3256.1, 3275.1, 3313.1, 3347.9, 3379.6, 3409.7, 3490.5, 3539.6, 3569.6, 3621.9, 3674.2, 3704.2
SX5E, D1
On the daily chart, the instrument is growing towards the upper border of Bollinger Bands, the price range is widened, which reflects the possibility of the further upward movement. MACD histogram is in the positive zone, its volumes are growing, the signal line is ready to cross the zero line upwards, after which the signal to open long positions will be received. Stochastic is at the border of the neutral zone and the overbought zone and moving sideways.

SX5E, H4
On the 4-hour chart, the instrument is trading within the middle line and the upper border of Bollinger Bands, the price range is narrowed. MACD histogram is in the positive zone, keeping a strong signal to open long positions. Stochastic is in the neutral zone, its lines are directed downwards.

Key levels
Resistance levels: 3490.5, 3539.6, 3569.6, 3621.9, 3674.2, 3704.2.
Support levels: 3409.7, 3379.6, 3347.9, 3313.1, 3275.1, 3256.1.
Trading tips
Long positions can be opened at the current level with the target at 3490.5 and stop loss 3422.9.
Short positions can be opened at the level of 3379.0 with the target at 3326.0 and stop loss 3400.0.
Implementation period: 1–3 days.

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