{"id":119039,"date":"2018-01-04T09:35:10","date_gmt":"2018-01-04T14:35:10","guid":{"rendered":"http:\/\/countingpips.com\/?p=119039"},"modified":"2018-06-01T15:46:48","modified_gmt":"2018-06-01T15:46:48","slug":"german-stocks-de30-technical-analysis-stronger-euro-bearish-for-de-30-index","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/01\/german-stocks-de30-technical-analysis-stronger-euro-bearish-for-de-30-index\/","title":{"rendered":"German Stocks DE30: Technical Analysis &#8211; Stronger euro bearish for DE 30 index"},"content":{"rendered":"<div id=\"inves-2683137456\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">January 4, 2018<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>By <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\" rel=\"noopener\">IFCMarkets<\/a><\/p>\n<p><strong>Stronger euro bearish for DE 30 index<\/strong><\/p>\n<p>Stronger euro is bearish for German stock market. Will <a href=\"https:\/\/www.ifcmarkets.com\/en market-data\/indices-prices\/de30\">DE 30<\/a> continue declining?<\/p>\n<p>Euro got a boost from European Central Bank policy maker Benoit Coeure comment over the weekend \u201cthere is a reasonable chance that the extension of our asset purchase program decided in October can be the last.\u201d The ECB in October decided to extend its quantitative easing to the end of September 2018, although at a slower pace of \u20ac30 billion a month instead of \u20ac60 billion of monthly bond purchases. Ending monetary stimulus program of bond purchases on improving data is bullish for euro and bearish for the German DE 30 stock index.<\/p>\n<p style=\"text-align: center; margin-bottom: 20px; margin-top: 20px;\"><img decoding=\"async\" style=\"float: none;\" src=\"https:\/\/ifccd.net\/uploads\/image\/DE30_04Jan2018.png\" alt=\"DE 30\" width=\"660px\" \/><\/p>\n<p class=\"emailSummary\">On the daily timeframe <b>DE 30: D1<\/b> has been retracing after hitting two-month high three weeks ago. The price has fallen below the 50-day moving average MA(50).<\/p>\n<ul class=\"emailSummary\">\n<li>The <b>Donchian channel <\/b> indicates no trend yet: it is flat.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/parabolic\">Parabolic indicator<\/a> has formed a sell signal.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/MACD\">MACD indicator <\/a> is bearish: it is below the signal line and the gap is widening.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/stochastic\"> stochastic oscillator <\/a> is rising but hasn\u2019t reached the overbought zone.<\/li>\n<\/ul>\n<p>We believe the bearish momentum will continue after the price closes below the lower boundary of Donchian channel at 12735.5. This level can be used as an entry point for placing a pending order to buy. The stop loss can be placed above the upper Donchian bound at 13335.99. After placing the order, the stop loss is to be moved every day to the next fractal high, following Parabolic signals. Thus, we are changing the probable profit\/loss ratio to the breakeven point. If the price meets the stop loss level (13335.99) without reaching the order (12735.5), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.<\/p><div id=\"inves-1985176337\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<h2 class=\"emailSummary\" style=\"margin-top: 15px !important;\">Technical Analysis Summary<\/h2>\n<table style=\"border: solid 1px black;\" cellspacing=\"0\" cellpadding=\"0\" align=\"left\">\n<tbody>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Position<\/b><\/td>\n<td align=\"left\" valign=\"top\">Sell<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Sell stop<\/b><\/td>\n<td align=\"left\" valign=\"top\">Below 12735.5<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Stop loss<\/b><\/td>\n<td align=\"left\" valign=\"top\">Above 13335.99<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Market Analysis provided by <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\" rel=\"noopener\">IFCMarkets<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By IFCMarkets Stronger euro bearish for DE 30 index Stronger euro is bearish for German stock market. Will DE 30 continue declining? Euro got a boost from European Central Bank policy maker Benoit Coeure comment over the weekend \u201cthere is a reasonable chance that the extension of our asset purchase program decided in October can [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-119039","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/119039","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=119039"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/119039\/revisions"}],"predecessor-version":[{"id":119064,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/119039\/revisions\/119064"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=119039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=119039"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=119039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}