Indices

Technical Analysis – US30 index turns sideways after making new highs

Posted on July 31, 2019 at 12:13 pm GMT

US30 stock index has pushed higher, making higher highs, after breaching the 26,708 high from May 1. The two-month run up from the low of 24,606 produced the 27,403 all-time-high, but the price has currently paused and moved into a short-term sideways market. The MACD is below its red trigger line in the positive region, whilst the RSI hovers midway between the neutral and over bought levels. The ADX is currently showing weakness and the absence of a trend in [..]

Technical Analysis – UK100 index soars to one-year highs

Posted on July 30, 2019 at 10:14 am GMT

The UK100 stock index recorded its best daily gain in more than three years on Monday, while early on Tuesday the market opened even higher to top at 7728, the highest price since last August. According to the stochastics, there is still some room for improvement as the indicator is positively sloped and has yet to print a bullish cross above its 80 overbought mark. The MACD is picking up steam as well and is above its red signal line, [..]

Technical Analysis – US500 Index retests and pushes through previous all-time high

Posted on July 25, 2019 at 2:24 pm GMT

US 500 stock index after retreating last week, began a sure but steady move to revisit the all-time high of 3019, and currently is climbing above it. The price found support at the Tenkan-sen average, and the moving averages are headed higher holding the price above them. The momentum indicators suggest a quick reload necessary for the jump ahead, as the MACD is nearing a cross above the trigger in the positive region, whilst the RSI is slightly pointing up [..]

Technical Analysis – GER30 index keeps growing in overbought area

Posted on July 25, 2019 at 8:11 am GMT

The GER30 index gained considerable traction this week, with the price breaching the downward move that started from the almost one-year high of 12,661 and passing through the Ichimoku cloud. The technical picture suggests a cautiously bullish bias for the short-term as the MACD keeps running above its red signal line and the RSI is flattening around the 70 overbought area. The bulls could continue the rally until the 12,620-12.640 area. Should the bullish pressure strengthen above the 12,661 top, resistance could rise [..]

Technical Analysis – US dollar index completes 7-week high in ascending channel

Posted on July 24, 2019 at 8:58 am GMT

The US dollar index is heading strongly upwards at a new seven-week high of 97.45 after the jump above the 50-day simple moving average (SMAs), posting remarkable gains. However, the stochastic oscillator seems to be overbought as it is trying to turn lower, while the RSI is flattening in the positive territory but remains above the uptrend line. Should the price stretch north the two-year high of 98.25 could come into focus. If the buying interest extends, attention could then [..]

Technical Analysis – US 500 index retreats below record high of 3,020

Posted on July 18, 2019 at 9:03 am GMT

The US 500 stock index has pulled back somewhat after touching an all-time high of 3,020 in the prior week, reversing back below the red Tenkan-sen line. Momentum indicators now suggest that the market sentiment might get worse before getting better as the RSI is approaching the neutral area again and the MACD dived below its trigger line in the daily timeframe. Should bearish dynamics dominate in the very short-term, the market might revisit the 2,964 support and move even [..]

Technical Analysis – US dollar index surpasses 50-day SMA, suggesting more gains

Posted on July 17, 2019 at 9:07 am GMT

The US dollar index had a successful daily close above the 50-simple moving average (SMA) suggesting remarkable gains, during yesterday’s trading session. The stochastic oscillator is moving higher after it completed a bullish crossover within the %K and %D lines, while the MACD is trying to strengthen its bullish momentum above zero line. Should the price stretch north and clear the 97.20 resistance, the two-year high of 98.25 could come in focus near 98.25. If the buying interest extends, attention could then turn [..]

Technical Analysis – JP225 index finds support on uptrend line and 50-day SMA; sideways move in near term

Posted on July 15, 2019 at 8:31 am GMT

The JP225 stock index has been ascending since June 4, from the low of 20,276 to a two-month high of 21,796. The index gapped upwards on July 1, only to shift to a two-week trading range with lower and upper boundaries of 21,451 and 21,796 respectively. The index currently finds support on the 50-day simple moving average (SMA), coupled with the uptrend line coming from the low of 20,276. The ADX confirms the absence of the trend, whereas other indicators [..]

Technical Analysis – US 500 index unlocks 3,000 level, hits new record highs

Posted on July 11, 2019 at 8:41 am GMT

The US 500 stock index finally topped slightly above the 3,000 level and at new record highs after being unable to pierce the mark last week. According to the RSI and the MACD, the market could attract some buying in the short-term before turning lower as the former has yet to enter overbought territory and the latter seems to be regaining positive momentum above its red signal line. On the upside, the price could settle for the 3,100 number which is the [..]

Technical Analysis – UK 100 index decreases below 11-month high

Posted on July 8, 2019 at 12:11 pm GMT

The UK 100 stock index (FTSE 100) has advanced considerably towards a fresh 11-month high of 7622, however, during the last couple of days is retreating, testing the 7530 support level. The stochastic oscillator is confirming this short-term view, as it is heading south below the overbought territory. Also, the RSI is pointing down following the bounce off the 70 level in the previous sessions. In case of a bearish correction the market might revisit the 23.6% Fibonacci level of the [..]

Legal disclaimer: The material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instruments. XM accepts no responsibility for any use that may be made of these comments and for any consequences resulting in it. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. The research and analysis does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it.

It has not been prepared in accordance with legal requirements designed to promote the independence of research, and as such it is considered to be marketing communication. Although we are not specifically constrained from dealing ahead of the publication of our research, we do not seek to take advantage of it before we provide it to our clients. We aim to establish, maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. We operate a policy of independence, which requires our employees to act in our clients’ best interests and to disregard any conflicts of interest in providing our services.

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losing all of your invested capital, so please make sure that you fully understand the risks involved.

How can we help?

Live Chat Terms