{"id":139662,"date":"2019-01-04T10:30:43","date_gmt":"2019-01-04T15:30:43","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=139662"},"modified":"2019-01-04T07:54:53","modified_gmt":"2019-01-04T12:54:53","slug":"eu50-analysis-deteriorating-euro-zone-data-bearish-for-eu50-eurozone-stocks","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/01\/eu50-analysis-deteriorating-euro-zone-data-bearish-for-eu50-eurozone-stocks\/","title":{"rendered":"EU50 Analysis: Deteriorating euro-zone data bearish for EU50 Eurozone Stocks"},"content":{"rendered":"<div id=\"inves-873155353\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">January 4, 2019<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><strong>By <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\" rel=\"noopener\">IFCMarkets<\/a><\/strong><\/p>\n<p><strong>Deteriorating euro-zone data bearish for EU50<\/strong><\/p>\n<blockquote><p>Euro-zone business activity slowed in December. Will the <a href=\"https:\/\/www.ifcmarkets.com\/en\/trading-conditions\/indices\/eu50\"> EU50 <\/a> decline continue?<\/p><\/blockquote>\n<p>Euro-zone economic data have been negative recently: expansion of activity in private sector slowed in December. Markit\u2019s composite purchasing managers index for euro-zone slipped to 51.3 in preliminary reading from 52.7 when an uptick to 52.8 was expected. Expansion slowed in both manufacturing and services sectors according to the preliminary readings. Negative business activity surveys were followed by a report consumer confidence deteriorated further in December. And Market reported couple of days ago manufacturing sectors slowed both in Germany and France. Growth in Germany\u2019s manufacturing sector slowed again in December due to decline in new orders at the fastest rate in four years, whereas France\u2019s manufacturing sector contracted. Negative euro-zone data are bearish for EU50.<\/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\/EU_O_04Jan2019.png\" alt=\"EU50 continues declining 01\/04\/2019 Technical Analysis IFC Markets chart\" width=\"660px\" \/><\/p>\n<p class=\"ul-tick\">On the daily timeframe <b>EU50: D1 <\/b> continues declining after hitting 11-month high in mid-May 2018.<\/p>\n<ul class=\"ul-tick\">\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 <b>Donchian channel <\/b> indicates downtrend: it is tilted lower.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/macd\"> MACD indicator <\/a> is below the signal line with the gap widening. This is a bearish signal.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/stochastic\"> stochastic oscillator <\/a> is rising but has not reached the overbought zone.<\/li>\n<\/ul>\n<p>We believe the bearish momentum will continue after the price breaches below the lower Donchian boundary at 2902.59. This level can be used as an entry point for placing a pending order to sell. The stop loss can be placed above the upper Donchian channel at 3105.35. 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 (3105.35) without reaching the order (2902.59) we recommend cancelling the order: the market sustains internal changes which were not taken into account.<\/p>\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 2902.59<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Stop loss<\/b><\/td>\n<td align=\"left\" valign=\"top\">Above 3105.35<\/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><div id=\"inves-1197901197\" 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","protected":false},"excerpt":{"rendered":"<p>By IFCMarkets Deteriorating euro-zone data bearish for EU50 Euro-zone business activity slowed in December. Will the EU50 decline continue? Euro-zone economic data have been negative recently: expansion of activity in private sector slowed in December. Markit\u2019s composite purchasing managers index for euro-zone slipped to 51.3 in preliminary reading from 52.7 when an uptick to 52.8 [&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-139662","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/139662","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=139662"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/139662\/revisions"}],"predecessor-version":[{"id":139686,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/139662\/revisions\/139686"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=139662"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=139662"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=139662"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}