Indices

Technical Analysis – Hong Kong 50 Index slides back inside symmetrical triangle; bearish bias in place

Posted on June 8, 2018 at 11:34 am GMT

The Hong Kong 50 Index is having a rough ride today, extending the negative momentum below the 20-day simple moving average (SMA). While the index jumped above the symmetrical triangle in the previous two days it failed to extend gains towards the 32,000 resistance level and reversed back down. Technical indicators point to further downside movements in the short-term. The RSI indicator continues to fluctuate near the 50 level and is currently moving downwards, meaning that the risk is tilted to the downside. The fast stochastics are also negatively [..]

Technical Analysis – Japan 225 index looking bullish in the short-term, crosses above MAs

Posted on June 4, 2018 at 2:57 pm GMT

The Japan 225 index has risen by around 600 points after hitting a one-and-a-half-month low of 21,914 last Tuesday. The RSI is on the rise, having entered bullish territory above 50; this is painting a positive short-term picture. The bias in the very short-term is also bullish as indicated by the stochastics oscillator: the %K line has moved above the slow %D one, with both lines continuing to head higher. Additional gains may meet resistance around the 61.8% Fibonacci retracement [..]

Technical Analysis – IBEX 35 index adds strong gains in downward sloping channel

Posted on June 4, 2018 at 12:44 pm GMT

IBEX 35 index has been outperforming since yesterday’s trading session, approaching the 50-day simple moving average (SMA), around 9850 at the time of writing. When looking at the bigger picture, the pair has been developing within a negatively aligned channel over the last 13 months. The technical indicators are suggesting a strong upside movement in the price action. The RSI indicator is rising significantly slightly below the 50 level, while the MACD oscillator is moving higher in the negative territory. If price action jumps [..]

Technical Analysis – EUR50 stock index to maintain bearish structure in short-term

Posted on May 30, 2018 at 2:52 pm GMT

The blue-chip Euro 50 stock index has been on the back foot over the past six days after spending a few days testing the 3 ½-month high of 3,593.70, reached first on May 17. At the moment there is not much evidence supporting that the downtrend could be nearing an end since the price is below its moving averages (SMA) which show no sign of reversing to the upside; the 20-day SMA is currently pointing to the downside, suggesting the [..]

Technical Analysis – US 500 index neutral in the short-term, cautiously bullish in the medium-term

Posted on May 25, 2018 at 12:31 pm GMT

The US 500 index is trading not far below May 14’s two-month high of 2,741.40. Throughout the last couple of weeks the index has been largely moving sideways. The RSI, which has also been moving sideways to a large extent recently, is painting a mostly neutral picture in the short-term. Immediate resistance to advances may be coming around May 14’s two-month high of 2,741.40. The upper Bollinger band lies not far above at 2,768.47, while a move off and to [..]

Strong earnings unable to lift S&P 500 from “no man’s land”; What’s next? – Index News

Posted on May 24, 2018 at 2:59 pm GMT

The S&P 500 has remained range-bound in recent weeks, unable to post considerable gains even amid a strong earnings season, as a plethora of risks ranging from trade to rising interest rates continue to pose headwinds for equity markets. Alongside political considerations, these themes will probably stay at the forefront in the coming months, with price action likely to remain headline-driven and market sentiment vulnerable to sudden shifts. “Going nowhere fast” is a rather accurate description of how the S&P [..]

Technical Analysis – Germany 30 index maintains bullish bias in near-term; broader trend is neutral

Posted on May 17, 2018 at 2:19 pm GMT

The Germany 30 index is looking set to record an eight straight week of gains, which have taken it above the 50-week SMA, following the rebound from the 11710 support. The sharp buying interest drove the price towards a new 15-month high of 13074.50, while the momentum indicators are supportive of the bullish picture. Looking at the daily timeframe, the RSI indicator holds above the 70 level and is sloping up; some caution may be warranted given that the indicator is in overbought territory. Moreover, the stochastic oscillator posted an [..]

Pound’s slide propels FTSE 100 to near 4-month high – Index News

Posted on May 16, 2018 at 10:15 am GMT

The UK’s leading share index, the FTSE 100, has been enjoying an impressive rally since the end of March, climbing to levels last seen in January before the global equities and bond sell-off struck the markets. The gains over the past two months make the FTSE 100 the best performing share index among the major world indices, which might come as a surprise given the recent soft data out of the UK, as well as the still uncertain outlook with [..]

Technical Analysis – UK 100 eyes all-time high; medium-term outlook increasingly bullish

Posted on May 15, 2018 at 3:20 pm GMT

The UK 100 index has posted an impressive rally after hitting a one-and-a-half-year low of 6,760.10 on March 26; in fact the index has advanced in every single week ever since that trough and is currently on track for an eighth straight weekly gain. The short-term bias is bullish as indicated by the positively aligned Tenkan- and Kijun-sen lines. The rising RSI adds to this view, though notice that the indicator has entered oversold territory above 70; the implication being [..]

Technical Analysis – EU 50 index touches 14-week high but returns some gains

Posted on May 11, 2018 at 12:35 pm GMT

The EU 50 index has completed the seventh bullish week in a row following the bounce off the 3260 support barrier. However, in the short-term, the index has erased some of its gains over the last hours during Friday’s session after it reached a new 14-week high of 3580.70. Looking at momentum oscillators on the daily chart, they suggest further declines may be on the cards in the short-term. The RSI is below its 70 line, with negative momentum and is pointing downwards. The stochastic oscillator posted a bearish cross within the [..]

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