Indices

Technical Analysis – US 500 index halts decline, but will it pivot?

Posted on September 10, 2024 at 2:27 pm GMT

US 500 stock index pauses decline near 100-SMA, but negative risks remain Breaking above 5,600 could positively impact buying sentiment The US 500 stock index maintained support close to its 100-day simple moving average (SMA) for a second consecutive day, raising hopes that the current bearish phase may soon diminish. From a technical perspective, there are still some negative developments that should be considered. The price could not reverse its latest bearish candlestick, remaining below its 20- and 50-day SMAs. Additionally, although [..]

Technical Analysis – US 100 index sits at key level

Posted on August 23, 2024 at 8:51 am GMT

US 100 index exhibits bearish tendencies but stabilizes near 50-SMA Technical risk is two-sided as Powell prepares for his Jackson hole speech( 14:00 GMT) Bulls hope for a close above 19,880; bears need a drop below 19,350 The US 100 stock index came under pressure on Thursday after a downward revision in the US non-farm payrolls revived fears of a slowing US economy. Fortunately, the 50-day simple moving average (SMA) prevented a further decline below 19,520, but the clear bearish engulfing candlestick [..]

Technical Analysis – JP 225 index: Is there more upside on the horizon?

Posted on August 22, 2024 at 9:12 am GMT

JP 225 index reclaims August’s loss Short-term risk is on the positive side Will the bulls breach the 38,600-39,950 area too? Japan’s 225 stock index (cash) is trading with soft positive momentum on Thursday for the second consecutive day, hitting a three-week high of 38,421. The index has reversed more than half of its July-August freefall and there could be more bullish potential as the technical risk remains skewed to the upside. Despite the downturn in the stochastic oscillator, the RSI is [..]

Technical Analysis – US 100 index shifts to the sidelines

Posted on August 6, 2024 at 3:27 pm GMT

US 100 index opens the day in neutral mood Some recovery likely but outlook could stay cloudy below 18,822 Earnings season continues with Disney’s results on August 7 The US 100 stock index had a boring start to Tuesday’s session, remaining neutral around Monday’s closing price and the 18,100 level. Previously, the price staged a nice rebound near the 2023-2024 support trendline and bounced back above its 200-day SMA, increasing optimism that the bulls could soon take over [..]

Technical Analysis – JP 225 index tries to find footing after 20% crash

Posted on August 6, 2024 at 12:45 pm GMT

JP 225 index plummets to 10-month low amid global stock meltdown Oversold signals detected; but bulls could show up above 33,585 Japan’s 225 stock index (cash) started the month on the wrong foot, sinking by a massive 21% to a 10-month low of 30,361 in the wake of recession fears in the US and as the bruised yen finally entered a bullish cycle. Technically, the index suffered its sharpest correction below its 200-day simple moving average (SMA) since the [..]

Technical Analysis – US 500 index softly up after upbeat retail sales

Posted on July 16, 2024 at 3:36 pm GMT

US 500 stock index maintains muted positive tone Short-term bias on the bullish side; eyes on 5,680 Unlike the US 30 index, the US 500 index could not renew its record rally on Tuesday, retaining a muted positive tone around 5,650. The bulls, however, might still have their chance, especially after the close above the one-year-old resistance line at 5,600. If that floor holds, the price might attempt to push above the short-term ascending line at 5,683 and towards [..]

Technical Analysis – UK 100 index experiences pre-election decline

Posted on July 2, 2024 at 9:55 am GMT

UK 100 index erases June’s recovery attempt as the UK election looms A break below 8,055 could worsen short-term outlook The UK 100 stock index (cash) continues to suffer for the sixth consecutive trading day, extending its downleg aggressively to the critical support zone of 8,110 on Tuesday ahead of the election day on July 4. The index could not mark a new higher high above the key resistance area of 8,300 and the important resistance line from February [..]

Technical Analysis – US 500 index charts a double top pattern

Posted on July 1, 2024 at 3:36 pm GMT

US 500 index pauses record rally around 5,520 Technical indicators signal more weakness ahead Sellers could take control below 5,395 The US 500 stock index (cash) opened on the negative side on Monday to test the 5,450 region, which seems to be the neckline of a bearish double top pattern. The RSI and the MACD cannot discount the possibility of a bearish continuation as the former has changed course to the downside after peaking in the overbought zone and [..]

Technical Analysis – Will the US 100 stock index revisit the 20,000 mark?

Posted on June 27, 2024 at 3:13 pm GMT

US 100 index turns up, but it’s not out of the woods yet Bulls need approval near 19,840 to renew record rally The US 100 stock index started Thursday’s session on the right foot, extending its recent upturn to 19,848 after a short break on Wednesday. A close above Wednesday’s bar of 19,814 could pave the way for the 20,084-20,200 region, bounded by the ascending lines drawn from the beginning of the year. A steeper increase might take a breather near April’s resistance line at [..]

Technical Analysis – FRA 40 index slumps to four-month low

Posted on June 10, 2024 at 3:11 pm GMT

French 40 index falls to the lowest in four-months after Macron calls snap elections Support holds at 7,840 but market structure deteriorates The French 40 stock index dived to a four-month low of 7,775 on Monday after the French president called a snap legislative election following a humiliating defeat from Le Pen’s far-right party in the European parliamentary election. The index has been trading within a wide range, unable to post new higher highs since hitting an all-time high above 8,200 in March. Despite finding support at the lower [..]

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.

Indices

XM Live Chat