Hello everyone,
This week, I offer my analysis of the movements of $GER30 during the week and my outlook for next week.
Have nice reading and be pleased to comment if you want.
First, some warnings:
Please remember that you can have losses while trading.
Thus, always trade with a trading plan.
I wanted to share this link with you:
www.babypips.com/tra...fter-a-year-of-forex
It is a very interesting article. Moreover, you have also a complete free trading academy on this website in order to help you in managing your risk if you are interested in it.
So, what happened last week?
This week was a calm week with some waves.
The speech of Powell contributes to those waves because currently the market seems to be waiting for a confirmation (or not) of his predictions.
This week, I continue with my selling strategy on $GER30. I was expecting a range for this week, that is why, I open some positions when $GER30 got closer from identified resistances and I closed also positions when it reaches supports.
My perspective for the end of next week are completely the same than last week, I think $GER30 will close next week around 15550:
- 0.01%: $GER30 rises over the red line;
- 30%: $GER30 finishes the week between the red line and 15550;
- 40%: $GER30 reaches back in the range 15412 - 15550;
- 30%: $GER30 falls under 15412 and stay under it;
I think there will be a big wave: a fall before Wednesday and a rise at the end of the week.
What to follow next week?
Globally (still the same):
- WARNING !! WARNING !! Variant Delta is spreading all around Europe;
- Inflation: the rise of petrol ($OIL to follow accurately) and other raw material;
- The US 10 years interest rates (which could also have an impact on $NSDQ100);
- The transaction volumes.
Day by day :
- Monday: ECB Economic prevision for the summer;
- Tuesday: Brussel economic forum with Christine Lagarde, Angela Merkel and OMC President;
- Wednesday : 2 days OCDE meeting in Paris, German Unemployment change, Eurozone CPI, US ADP Non farm employment change, US Crude Oil inventory;
- Thursday: German Manufacturing PMI, US initial Jobless Claim, US ISM Manufacturing PMI;
- Friday : US Non farm payrolls, US unemployment rates, Christine Lagarde speech at Aix en Provence economic meeting.
I wish you a good trading week,
Please feel free to ask me questions, I will be glad to connect with you over the comments or by private messages.
Stay safe,
Alexandre
This week, I offer my analysis of the movements of $GER30 during the week and my outlook for next week.
Have nice reading and be pleased to comment if you want.
First, some warnings:
Please remember that you can have losses while trading.
Thus, always trade with a trading plan.
I wanted to share this link with you:
www.babypips.com/tra...fter-a-year-of-forex
It is a very interesting article. Moreover, you have also a complete free trading academy on this website in order to help you in managing your risk if you are interested in it.
So, what happened last week?
This week was a calm week with some waves.
The speech of Powell contributes to those waves because currently the market seems to be waiting for a confirmation (or not) of his predictions.
This week, I continue with my selling strategy on $GER30. I was expecting a range for this week, that is why, I open some positions when $GER30 got closer from identified resistances and I closed also positions when it reaches supports.
My perspective for the end of next week are completely the same than last week, I think $GER30 will close next week around 15550:
- 0.01%: $GER30 rises over the red line;
- 30%: $GER30 finishes the week between the red line and 15550;
- 40%: $GER30 reaches back in the range 15412 - 15550;
- 30%: $GER30 falls under 15412 and stay under it;
I think there will be a big wave: a fall before Wednesday and a rise at the end of the week.
What to follow next week?
Globally (still the same):
- WARNING !! WARNING !! Variant Delta is spreading all around Europe;
- Inflation: the rise of petrol ($OIL to follow accurately) and other raw material;
- The US 10 years interest rates (which could also have an impact on $NSDQ100);
- The transaction volumes.
Day by day :
- Monday: ECB Economic prevision for the summer;
- Tuesday: Brussel economic forum with Christine Lagarde, Angela Merkel and OMC President;
- Wednesday : 2 days OCDE meeting in Paris, German Unemployment change, Eurozone CPI, US ADP Non farm employment change, US Crude Oil inventory;
- Thursday: German Manufacturing PMI, US initial Jobless Claim, US ISM Manufacturing PMI;
- Friday : US Non farm payrolls, US unemployment rates, Christine Lagarde speech at Aix en Provence economic meeting.
I wish you a good trading week,
Please feel free to ask me questions, I will be glad to connect with you over the comments or by private messages.
Stay safe,
Alexandre