Indices

Technical Analysis – US 500 index maintains positive bearing; momentum waning slightly

Posted on November 30, 2020 at 3:07 pm GMT

US 500 index (Cash) is consolidating just below its newly formed all-time high of 3,674, finding some stability from its red Tenkan-sen line, marginally below at 3,601. The simple moving averages (SMAs) are maintaining an unbroken bullish tone endorsing further advances. However, the flattening out of the blue-Kijun-sen line and the stalling in the climb of the red Tenkan-sen line are signalling near-term fading in the pair. The short-term oscillators suggest some easing in the upward momentum. The MACD is [..]

Technical Analysis – US 500 indices’ positive bearing intact; momentum waning slightly

Posted on November 30, 2020 at 2:50 pm GMT

US 500 index (Cash) is consolidating just below its newly formed all-time high of 3,674, finding some stability from its red Tenkan-sen line, marginally below at 3,601. The simple moving averages (SMAs) are maintaining an unbroken bullish tone endorsing further advances. However, the flattening out of the blue-Kijun-sen line and the stalling in the climb of the red Tenkan-sen line, remain signals for near-term fading in the pair. The short-term oscillators suggest some easing in upward momentum. The MACD is [..]

Technical Analysis – US 30 index retains bullish bias despite minor pullback

Posted on November 27, 2020 at 1:40 pm GMT

US 30 stock index (Cash) has retreated ever so slightly from its freshly logged all-time-high of 30,213. Positive sentiment seems to be taking a breather as the index, to some degree, is nudging sideways. The bullish 50- and 100-day simple moving averages (SMAs) could boost the price, sending the index to uncharted peaks. The short-term oscillators are transmitting mixed messages in directional momentum. The MACD, in the positive region, is holding above its red trigger line, while the stochastic oscillator [..]

Technical Analysis – Dollar index springs to life around critical floor

Posted on November 26, 2020 at 2:54 pm GMT

The US Dollar index (December) is nearing the capping mid-Bollinger band at 92.15, after improving slightly from the support section of 91.72-91.80. Despite this recent price development, the bearish bias remains intact, something also being endorsed by the downward sloping simple moving averages (SMAs). The short-term oscillators reflect the fresh increase in positive momentum. The MACD, in the negative region, has nudged above its red trigger line, while the RSI is rising towards its 50 threshold. The stochastic oscillator [..]

Technical Analysis – US 500 index edges east, capped by 50-MA

Posted on November 23, 2020 at 2:30 pm GMT

US 500 index (Cash) appears to be stuck trading between the 3,511 and 3,640 levels. The price seems to be consolidating underneath the 50-period simple moving average (SMA) after retreating from the upper boundary of the sideways move. The rising 100- and 200-period SMAs are sponsoring the positive picture, while the directionless Ichimoku lines and the flattening 50-day SMA are endorsing the short-term horizontal bias. The short-term oscillators are reflecting weak momentum but are slightly tilting to the upside. The [..]

Technical Analysis – US 30 index range bound; skewed positive above 29,195

Posted on November 20, 2020 at 10:49 am GMT

US 30 stock index (Cash) is facing the capping 50-period simple moving average (SMA) at 29,502, after improving a bit off the lower Bollinger band at 29,195. The index, ever since it logged a fresh all-time-high of 30,091 on November 9, has been trading in a ranging market between 28,838 and 30,091. That said, the flattening 50-period SMA and the conflicting signals in momentum within the short-term oscillators, promote a developing horizontal picture. The MACD is in the negative zone [..]

Technical Analysis – JP 225 index holds bullish tone despite pullback from all-time high

Posted on November 18, 2020 at 2:55 pm GMT

Japan 225 stock index’s (Cash) positive bias is ebbing from the recently unlocked all-time peak of 26,204. Yet, the aggressive upwards development from the beginning of September, off the 100-day simple moving average (SMA) and the Ichimoku cloud’s upper surface, maintains its positive backing. Despite the stalling in the blue Kijun-sen line, the rising red Tenkan-sen line and the advancing 50- and 100-day SMAs are promoting improvements in price. The short-term oscillators have yet to confirm dwindling positive momentum. The [..]

Technical Analysis – US 500 index heads up towards spike of all-time high

Posted on November 16, 2020 at 11:30 am GMT

The US 500 index (cash) is approaching the spike that it posted on November 9, reaching a fresh all-time high of 3,674.11. As the price jumped above the 3,589 barrier, the expectation is a retest of the record peak before moving into uncharted paths. The upside rally could then pause at psychological levels such as 4,000 and 4,500. The technical indicators are currently endorsing the bullish outlook as the RSI is heading towards the overbought threshold, while the stochastic %K line turned up after the decline [..]

Technical Analysis – US 30 index returns lower after spike to record high

Posted on November 13, 2020 at 10:28 am GMT

The US 30 index posted an aggressive spike towards a fresh all-time high of 30,091.18 on Monday before returning near the previous high of 28,945. Momentum indicators in the daily chart are currently supporting that positive momentum is likely to strengthen in the short-term. Specifically, the RSI is picking up speed slightly below the overbought region and the MACD continues to distance itself above its trigger line. Should the price move higher again, the bulls could extend the uptrend towards the aforementioned record high before the price [..]

Technical Analysis – UK 100 index bulls get a wake-up call; positive but overbought

Posted on November 11, 2020 at 4:41 pm GMT

The UK 100 stock index (cash) flew above the 200-day simple moving average (SMA) for the first time since February and closer to June’s high of 6,513, recording its second notable weekly gain and its biggest monthly increase in several years. The market is in overbought territory according to the RSI and the Stochastics, though the indicators have yet to set a downward shift, hinting that there is still some bullish steam in store. If that is the case, the [..]

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