INDICES

Technical Analysis – GER30 index bullish bias back on track

Posted on November 4, 2019 at 1:36 pm GMT

GER30 stock index bulls pushed above the 12,985 previous high from October 28, realigning the index with the short-term positive picture. Further backing the positive momentum is the fresh bullish crossover of the upward sloping Tenkan-sen and Kijun-sen lines and the price distancing itself above the Ichimoku cloud. The MACD, still in the positive zone, is increasing above its red trigger line, supporting the positive view. The upward sloping RSI has ascended into the overbought territory, also supporting further advances. [..]

Technical Analysis – Is JP 225 index preparing for a trend reversal?

Posted on October 31, 2019 at 12:19 pm GMT

Japan’s 225 stock index seems to be showing signs of a bearish divergence in the four-hour chart as the stock price has been making higher highs while the RSI and the MACD have been printing lower lows since the mid- October, hinting that the market may be preparing for a trend reversal. A confirmation could come around the previous low of 22,480 and the bottom of the Ichimoku cloud, but before that the market should first breach the 22,735-22,600 area. In the event of [..]

Technical Analysis – US 500 index rallies to new record highs

Posted on October 31, 2019 at 12:02 pm GMT

The US 500 stock index (cash) has finally breached its previous all-time high of 3,027 that kept bullish pressure under control over the past 3 months, stretching its December uptrend towards a new top of 3,056. Although the RSI is slowing down, it remains well above its 50 neutral mark, and with the MACD strengthening its positive momentum, it seems that the bulls may not easily give up the game in the short-term. Key resistance to upside corrections could be identified near [..]

Technical Analysis – UK100 stock index soars above 200-SMA; gains halted at 76.4% Fibonacci

Posted on October 24, 2019 at 3:14 pm GMT

UK100 stock index rallied above the 200-period simple moving average (SMA) on the four-hour chart and up to 7,337, reinforcing the 3-week positive picture and confirming the bounce off the 7,000 level on October 3. The MACD is rising above its red trigger line in the positive zone, favoring more improvements. Despite the pause in the market, a bullish crossover of the 100-period SMA by the 50-period has occurred, while the Tenkan-sen line has distanced itself above the Kijun-sen line, [..]

Technical Analysis – GER30 index pauses despite bullish bias

Posted on October 18, 2019 at 12:58 pm GMT

GER30 stock index bulls have consolidated around the 12661 (resistance-turned-support) level of July 4. The bulls tried to extend higher, but sellers reversed the price back down to 12,590, which is the 23.6% Fibonacci retracement of the up leg from 11,878 to 12,815. Despite the sideways move, the short-term oscillators now lean towards an improving market. The RSI is reflecting a minor improvement in positive momentum as it has turned back up in bullish territory, looking to reclaim the 70 [..]

Technical Analysis – Dollar Index futures search for a rebound near pivot point

Posted on October 18, 2019 at 11:14 am GMT

The US dollar index futures crashed below the short-term ascending line drawn from 95.34 and are now set to beat a longer support line stretched from March 2018. The fast-Stochastics and the RSI, however, signal that the bearish action is running out of fuel and hence a rebound off the line is likely as the indicators are hovering near oversold levels. Note that the market action has been also taking place around the lower bollinger band, increasing the odds for an upside [..]

Technical Analysis – US30 stock index back to neutral; swing peak restricts more gains

Posted on October 17, 2019 at 2:28 pm GMT

US30 stock index buyers have been unable to decisively overcome the resistance of 27,069, despite the bullish signals backing the move which commenced on October 10. The 50- and 100-period simple moving averages (SMAs) have realigned themselves with the positive picture, completing a bullish crossover. The short-term momentum oscillators confirm the positive view despite the pause in the market, also reflected by the smoothing in the Tenkan-sen’s slope. The MACD is in the positive area and underneath its red trigger [..]

Technical Analysis – JP225 index remains bullish; consolidates at May high

Posted on October 16, 2019 at 3:05 pm GMT

The Japan 225 cash index’s recent rally has paused at the May high of 22,486 after producing a ten-month high of 22,612. Following an ascent that bounced off the 21,054 level, which is the 50.0% Fibonacci retracement of the up leg from 19,860 to 22,252, the signals are leaning towards a persisting positive outlook. The short-term oscillators reflect the bullish momentum is strengthening. The MACD is above its red trigger line and deep in positive areas, while the RSI is [..]

Technical Analysis – US100 index bulls wait above symmetrical triangle

Posted on October 15, 2019 at 1:10 pm GMT

US100 stock index looks to be filling a symmetrical triangle in the daily chart as the market managed to register another higher low this month at 7,460 but it remained below the resistance line drawn from the 8,033 record high. According to the RSI and the MACD an upward move is more likely than a downside correction as both indicators are pointing up in the bullish area. Questions, however, remain about whether the bulls are strong enough to close above the downward-sloping [..]

US banks poised for a weaker earnings season – Stock Market News

Posted on October 14, 2019 at 4:07 pm GMT

It will be a “Bank week” for the US as the four largest banks by market capitalization will kick off the earnings season by reporting their financial statements for the third quarter. JPMorgan Chase, Citigroup and Wells Fargo will be announcing on Tuesday, while Bank of America will release its own numbers on Thursday. Under a lower interest rate environment, traders will be looking for any signs of weakness in net interest rate margins. Yet, the banking results may not appear as ugly [..]

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