Euro Stoxx 50 is Up for the 2nd Day in a Row

News Releases Impacting Euro Stoxx 50

  • Forecasted ECB Interest Rate Decision in Euro Area: 0.25%. The previous number: 0%. (Inf% difference between the two.)

The Hourly View for Euro Stoxx 50

  • Currently, SX5E’s price is down -6.75 (-0.19%) from the hour prior.
  • It’s been a feast for bears operating on an hourly timeframe, as Euro Stoxx 50 has now gone down 4 of the past 5 hours.
  • If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe.
  • Price action traders may also wish to note that we see a doji candlestick pattern on Euro Stoxx 50. Given that we see downtrend on the 10 and 5 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Euro Stoxx 50’s hourly price chart is shown below.


The Daily View for Euro Stoxx 50

  • At the time of this writing, SX5E’s price is up 34.66 (1%) from the day prior.
  • The daily chart shows that Euro Stoxx 50 has seen 2 straight up days.
  • Regarding the trend, note that the strongest trend exists on the 50 day timeframe.
  • The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
  • Divergence between SX5E’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in SX5E’s price.

Below is a daily price chart of Euro Stoxx 50.