Euro Stoxx 50 (SX5E) 2 Day Down Streak Snapped, in an Uptrend Over Past 14 Days; Pin Bar Pattern Appearing on Chart

The Hourly View for SX5E

Last Updated January 14, 2021, 03:019 GMT

Currently, Euro Stoxx 50’s price is down -5.01 (-0.14%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. Of note is that the 50 hour changed directions on SX5E; it is now pointing down. 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 Daily Price Recap

The back and forth price flow continues for Euro Stoxx 50, which started today off at 3616.51 US dollars, up 0.12% (4.38) from the previous day. Out of the 14 instruments in the equity indices asset class, Euro Stoxx 50 ended up ranking 6th for the day in terms of price change relative to the previous day. Let’s take a look at the daily price chart of Euro Stoxx 50.

SX5E

Euro Stoxx 50 Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 10 days Euro Stoxx 50’s price has gone up 5 them. Also, candlestick traders! Note we see pin bar pattern appearing here as well.