2023/01/05 (142) Column

What, If
Technical Analysis 2023 !?


It would not be an exaggeration to say that the art of technical analysis is the most popular analysis method in the financial market. Above all, many new CFD traders follow strategies based on the results of this analysis.

Which Technical Indicators Are Most Helpful?
Which trend lines are more than important?
Which price actions zones are crucial?
Not only this question i will try to answer, in every DEVISE 2 DAY Affiliate Financial Market Online Newspaper Edition. But so far not everyone understands that technical analysis in itself is not nearly as meaningful as in the context of other useful analysis methods. Abd that’s why I just created my DEVISE 2 DAY Affiliate Financial Market Online Newspaper – and put the technical analysis 4XSetUps at the end. So that you can read a trading capability at the end (after the motto: „save the best for last!“)! And that regardless of whether you agree with my opinion, with my comments, and/or with my analysis, even with my informations (concerning about central banks, about the economy, about the financial market, and/or about each scenario) or not agree. Because the main thing for me is that you make much more better trading decissions (buy/sell or not to trade) daily, thanks my humble self…
DEVISE 2 DAY 48h
– My Last Thoughts Abot Market Price Actions

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DEVISE 2 DAY 48h
– My Last Thoughts Abot Market Price Actions

It will be a busy week in the US with center stage taken by labour market report, FOMC meeting minutes, ISM manufacturing and services PMI, foreign trade, factory orders, and Jolts Job Openings. Elsewhere, inflation rates for December will be released for Euro Area, Germany, France, Netherlands, Turkey, Switzerland, Philippines, and Indonesia. Finally, investors will pay attention to manufacturing PMIs from China, India, Spain, South Korea, Canada, Italy, and Switzerland.

About central banks it should be realx week; only the BOI (Bank of Israel) and/or the PNB (Poland National Bank) have their regulary monthly meetings, this week. The BOI should raise up their rates wit 0.5% to 3.75% and/or the PNB should hold their rate at 6.75%.

Whatever, take a looh also on the Financial Markets 4XSetUps this week. Like every week, meanwhile I have prepared for you up to 18 different charts (including technical indicators as well as analyses); so that you can make even better trading decisions (buying/selling aor not trading) for the coming quarter (next 13 weeks). And this week once again about 5 shares of our german blue chip dax index; namely XETR-QIA (Qiagan), XETR-RWE (Rwe), XETR-SAP (Sap), XETR-SHL (Siemens Health), and/or XETR-SIE (Siemens).

And don’t forget to read all Technical Analysis 4XSetIps this week also, because I decided to formulate 3 new long 4XSetUp Trading Capabilities this year alongside our long 4XSetUp Dow Future.
Which? From page 51 more (from Sunday to Wednesday)…DEVISE 2 DAY Another 48h
– Some Last News About Market Price Actions

DXY Approaches 105 Mark
Commodity Prices Ease Further
Russian Stocks Extend Decline
FTSE 100 Closes Near Record High
European Stocks Mostly Fall On Thursday
Wall Street Tumbles on Further Tightening Jitters

DXY Approaches 105 Mark
The dollar tested the 105 neighborhood for the first time in three weeks as investors digested a slew of job market data that paved the way for an aggressive Federal Reserve. Stronger-than-forecasted ADP and JOLTs Job Openings figures, coupled with a decline in jobless claims numbers, pointed to a still-tight labor market, which, in turn, fueled bets that rates would have to move even higher to cool the economy. Now, all eyes turn to the nonfarm payroll report on Friday for clues about the next move in interest rates. On the policy side, minutes from the FOMC December meeting also echoed this view, with policymakers committed to pushing rates higher and holding them at a restrictive level until there were clear signs that inflation was easing. This dollar’s strength was seen across the board, with some of the most pronounced buying activity against the British pound and risk-sensitive currencies such as the Australian and New Zealand dollars.

Commodity Prices Ease Further
The CRB Commodity Index bottomed at around 280 points, closing in on its lowest level since last February, as mounting fears of a demand-sapping global recession pushed down the commodity prices from early June highs. Agriculture commodities, which account for more than 40% of the index, are now well below their February peak as concerns about supply disruptions from the Black Sea region eased. Among energy, WTI crude futures were trading around $75 per barrel, close to levels not seen since December 2021. In the industrial sector, copper, considered an economic barometer, fell more than 20% to $3.8/Lbs from a record high of $5 touched on March 7th. However, there is still room for upside momentum in 2023. The Chinese economy’s reopening is likely to boost demand, while prospects of supply disruption linked to climate change and continued conflict in Ukraine pose an upside price risk.

Russian Stocks Extend Decline
The ruble-based MOEX Russia index closed 0.5% down at 2,156 onThursday, extending losses from the prior session with further pressure from energy producers and electricity grid operators. Oil stocks continued to decline as sanctions from the West increase Russia’s dependability on Chinese oil demand, recently hit by soaring Covid infections.

FTSE 100 Closes Near Record High
Equities in London advanced for a third consecutive session on Thursday, with the benchmark FTSE 100 closing above 7,600 and just shy of a fresh record closing high, driven by gains among financials, materials, and energy stocks. While Hawkish FOMC minutes limited some of the risk appetite seen this week, further signs that inflation could be peaking in the eurozone and somewhat upbeat services data sent another wave of optimism across stocks. Domestically, Prime Minister Rishi Sunak, in his first major speech of 2023, vowed to curb inflation, shore up the economy and reduce the national debt. British clothing retailer Next jumped more than 7% to lead the FTSE 100 after raising its pretax profit forecast for 2023. Miners Anglo American and Antofagasta were also among the top gainers, up roughly 4.3% and 3.1%, respectively.

European Stocks Mostly Fall On Thursday
European equity markets closed mostly lower on Thursday, with the German DAX falling 0.3% and the benchmark Stoxx 600 down 0.2% led by losses in chemicals and insurance stocks. On the other hand, retailers advanced after British clothing retailer Next rallied after raising its pretax profit forecast for the current year. Investors weighed the minutes from the US Federal Reserve’s most recent policy meeting against signs that inflation may have peaked in the Eurozone. The minutes showed US policymakers will keep monetary policy restrictive until they see compelling evidence that inflation is trending lower toward the 2% target. On the economic data front, the Eurozone producer price inflation slowed more than expected in November, while a PMI survey suggested construction activity in the bloc contracted at the fastest pace in over two years.

Wall Street Tumbles On Further Tightening Jitters
US stocks closed sharply lower on Thursday as strong employment results added leeway for more interest rate hikes by the Federal Reserve. Data from ADP showed that 235 thousand private-sector jobs were added in December, well above estimates, while initial jobless claims surprised to the downside. The results further backed evidence of a stubbornly tight labor market after JOLTS Job Opening figures yesterday also surpassed expectations, backing the hawkish rhetoric unveiled in the FOMC’s latest meeting.DEVISE 2 DAY 48h
– Where I Was Wrong, Where I Was Right

Due to the death of our German Pope Benedict from Bavaria, I will want to keep this week a little bit shorter. Because I feel obliged to travel to Rome – and to pay him my last respects.

As a German Croat, of Roman Catholic parents, from the former SFR Yugoslavia, it is a matter of course for me to travel to Rome. And attend the funeral ceremony. For better and/or for worse, this is due to the Franciscan religious upbringing of my parents, especially my father Ivan and his brother Darko, who baptized me when I was a small child. And because my father always took me to every funeral ceremony of a fellow human being he knew, even as a small child. And by the way always reminded me how important it was and is for him – and that he had been taught it that way by his father.

That`s why no much talk about our new 4XSetUps this week in this year 2023. But for the time being with a little restraint. Because there are more important things than making money on the financial market. And or to help my fellow human beings to earn money on the financial market, also thanks to my info brokerage. What I really really like to do. But this week everything is different.

But let me write again briefly that we will be repositioning ourselves this week for the year 2023. And without another 4XSetUp in the UKOIL – but still long in the Dow Future. In addition, I think it might be worth formulating a long 4XSetUps for the EURUSD exchange rate, for the DAX Future, and for the TESLA share. What I will also do during the week…