INDICES

Technical Analysis – US 500 index daily close below 200-SMA indicates bearish momentum

Posted on April 3, 2018 at 12:52 pm GMT

The US 500 index had a rough bearish ride over Monday’s trading session, as the index extended its losses and ended the day below the significant 200-day simple moving average (SMA). The bullish picture in the medium-term seems to weaken as there are some signs of a bearish correction. The technical structure supports that the downward retracement is likely to continue in the short-term. Looking at momentum indicators, in the daily timeframe, the RSI indicator is lacking direction below the 50 level, while the MACD [..]

Technical Analysis – GER 30 recovers from 7-week low to exceed 12,000 mark; bullish signal by stochastics in very short-term

Posted on March 27, 2018 at 12:21 pm GMT

The Germany 30 index has rebounded after hitting a seven-week low of 11,703.80 during Monday’s trading. The index ended up gaining 1.0% during yesterday’s trading, while on Tuesday – at the time of writing – it is up by around 0.8%. The Tenkan-sen line remains below the Kijun-sen line in support of a negative short-term bias, though the Kijun-sen has flatlined, an indication that downside short-term momentum is running out of steam. Moreover, the stochastics are giving a bullish signal [..]

Technical Analysis – Japan 225 stock index slides to 5-month lows; bearish bias in place

Posted on March 23, 2018 at 3:46 pm GMT

The Japan 225 stock index had a rough ride in recent days, extending negative momentum towards a five-month low of 20,507 during today’s Asian session. While the index’s range-bound trading started in early February remains very much in place, technical indicators point to further downside movements in the short-term, but such moves may soon lose steam given that the indicators are not far away from oversold levels. The RSI continues to fluctuate in bearish territory below 50 and is currently moving downwards towards oversold levels, [..]

Technical Analysis – Japan 225 index slides to 5-month lows; bearish bias in place

Posted on March 23, 2018 at 3:43 pm GMT

Technical Analysis – UK 100 index hits 6-week low, eyes 7,000 handle; medium-term outlook looks bearish

Posted on March 21, 2018 at 1:37 pm GMT

The UK 100 index has fallen by 4.3% after recording a one-and-a-half-month high of 7,341.00 on February 26; if the all-time high of 7,806.05 is used as a reference point, then the loss amounts to a whopping 10.0%. Earlier on Wednesday, the index hit a six-week low of 7014.10, while it is currently trading not far above this trough. The short-term bias is looking bearish as indicated by the negatively aligned Tenkan- and Kijun-sen lines. Support for the index could [..]

Technical Analysis – German 30 stock index struggles below 12480; death cross within 50 and 200 SMAs created

Posted on March 20, 2018 at 2:26 pm GMT

The German 30 stock has been moving below the 12480 strong resistance level after the strong sell-off at the end of the previous month. The critical death cross between the 50 and 200 medium-term simple moving averages (SMAs) indicating significant selling interest. Looking at the daily timeframe, the RSI indicator holds below the 50 level and is flattening. However, the stochastic oscillator posted a downward crossover within the %K and %D while is approaching the 20 level. Further losses should see [..]

Technical Analysis – US 30 index trades in symmetrical triangle; weak bias in near term

Posted on March 16, 2018 at 12:52 pm GMT

The US 30 index has been developing within a symmetrical triangle since January 29 in the 4-hour chart as it failed several times to create higher highs and lower lows. The prices completed numerous days with weak momentum and are trading slightly above the lower boundary of the triangle. Support was met around the 24665 region, forcing the index to turn to the upside. The neutral bias in the near term is supported by the deterioration in the momentum indicators. The MACD [..]

Technical Analysis – US 100 index hits fresh record high; looking bullish in the medium-term

Posted on March 13, 2018 at 3:33 pm GMT

The US 100 index has advanced considerably, managing to finish higher in the seven preceding trading days after recording a one-month low of 6,641.85 on March 2. Earlier on Tuesday, it hit a fresh all-time high of 7,185.15. The RSI has been rising lately, projecting a bullish picture in the short-term. However – and turning to the stochastics – the %K line has just crossed below the slow %D line. This might constitute an early indication for declines in the [..]

Technical Analysis – Japan 225 stock index builds base around 200-SMA; neutral in short-term

Posted on March 8, 2018 at 3:37 pm GMT

Since its deep fall towards four-month lows in early February, the Japan 225 stock has been going back and forth below the 50% Fibonacci retracement of its long way down from 24191 to 20547, creating a base around the 200-day simple moving average line (SMA). The technical picture supports that the range bound is likely to continue in the short-term. Looking at momentum indicators, the RSI is lacking direction slightly below it neutral threshold of 50, suggesting that the market could [..]

Technical Analysis – EU 50 Stock Index looking increasingly bearish below moving averages

Posted on March 5, 2018 at 4:13 pm GMT

The EU 50 stock index remains stuck in bearish territory as the recent upswing failed to lift the price above its moving averages. The index has now turned lower again after the rebound was halted at the 50% Fibonacci retracement of the downleg from 3688.70 to 3258.70, and is heading towards February’s one-year lows. Momentum indicators point to further weakness in the short term, with both the RSI and the stochastics moving closer to oversold territory. However, there are signs [..]

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