EU 50 Index 技術分析 - EU 50 Index 交易: 2019-08-16

Weak euro-zone data bearish for EU50

Euro-zone economy slowed in second quarter. Will the EU50 decline continue?

On the daily timeframe EU50: D1 has closed below 200-day moving average MA(200).

• The Parabolic indicator has formed a sell signal.
• The Donchian channel indicates downtrend: it is tilted down.
• The MACD indicator is below the signal line with the gap widening. This is a bearish signal.
• The RSI oscillator is rising but has not reached the overbought zone.

We believe the bearish momentum will continue after the price breaches below the lower Donchian boundary at 3234.01. This level can be used as an entry point for placing a pending order to sell. The stop loss can be placed above the fractal high at 3375.08. After placing the pending order the stop loss is to be moved every day to the next fractal high, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop-loss level (3375.08) without reaching the order (3234.01) we recommend cancelling the order: the market sustains internal changes which were not taken into account.

Technical Analysis Summary