alexinve

alexinve

Good macros from European countries make the EURUSD follow a book bullish trend at the same time that Fed is trying to keep up its repo balance sheet and dollar is weakening against major currencies (refer to DXY where it has broken second support). The fact that Iran looks like is going to retaliate any moment from now does not give a positive scenario to markets...

alexinve

In the past 15 days, dollar has crushed the first 2 resistances. Today it crashed the 2nd one for less than an hour unexpectedly. If it crashes again, it is likely to try to crash the 3rd one and then a bearish outlook will come for USD.

alexinve Updated 

From my humble fully-technical perspective, I see double mountains appearing in a bearish trend for EURUSD. From my fundamental perspective, US Manufacturing PMI was 1 entire point lower than expected but European markets decreased due to new surprise US tariffs on Argentina and Brazil markets. US doesn't abandon trade war, that's why I think EURUSD will form a...

alexinve

The yield curve has been recently uninverted, maybe due to Fed's short-term buying program.

alexinve Updated 

Mapfre is an unstable stock. We are now situated in the middle of the bullish channel, so no operations must be made right now. It is better to wait and see. If next week there are high expectations on Q2 Results, MAP will approach the upper bound of the bullish channel. However, if results disappoint investors high instability is expected to appear as of July 25....

alexinve Updated 

Caixabank was moving quite flat since 25 March 2019 but once entered June it started to decay, approximating to the lower bound of the last bearish channel started on 28/02/2019, which has a lower decay degree (-26%) compared to the second to last bearish channel started on 16/11/2018 (-39%), which in its turn has a higher decay degree compared to the third to...

alexinve Updated 

Short term perspective looks stable inside the 08/02/2019 upward channel, although surely it is going to test the lower boundary at 0.9174 either this week or next week. A big resistance is in 0.9958€ and surpassing it at least until 1.03€ would mean going to 1.11€ level in mid July 2019. On the other hand, going further below than 0.9174€ could be catastrophic...