Indices / Page 18

Technical Analysis – US 500 index chases fresh record highs; bullish momentum likely to slow

Posted on March 31, 2021 at 3:45 pm GMT

The US 500 stock index (cash) is seeking to resume its long-term uptrend above the previous all-time high of 3,988 after rejecting any declines inside the Ichimoku cloud and below its shorter-term simple moving averages (SMAs). The RSI is regaining strength within the bullish territory but has still some way to go to reach its 70 overbought level, while the Stochastics, although above 80, have yet to negatively intersect each other, suggesting that there is still some room for improvement in [..]

Technical Analysis – US 30 index’s gains curbed by 32,800 mark and Ichimoku cloud

Posted on March 26, 2021 at 1:16 pm GMT

The US 30 stock index’s (Cash) recently found foothold at the 32,068 level has elevated its price into the vicinity of the 50-period simple moving average (SMA). In spite of this, instantly limiting additional price gains is the 32,800 barrier coupled with the cloud’s upper frontier. Regardless of the faded incline in the 50-period SMA – reflecting a slight setback in the up move – the rising 100- and 200-period SMAs are preserving the positive picture. The short-term oscillators are [..]

Technical Analysis – JP 225 index halts sell-off near near previous low

Posted on March 24, 2021 at 4:10 pm GMT

Japan’s 225 stock index (cash) survived a broader outlook deterioration this week after halting its recent sell-off where it had bottomed on March 5. The price dip below the lower Bollinger band on the four-hour chart and the upside reversal in the RSI, which has overcome the 30 oversold level, indicate that the sell-off is overstretched and it’s time for some recovery. In the event the current upside correction continues, the restrictive line stretched from the peak of 30,711 may [..]

Technical Analysis – US Dollar index finds ceiling around 200-day SMA

Posted on March 24, 2021 at 9:57 am GMT

The US dollar index is moving towards the 200-day simple moving average (SMAs) and the 23.6% Fibonacci retracement level of the down leg from 103.82 to 89.14 at 92.60. The 50- and 100-day SMAs are ready for a bullish crossover, confirming the rebound off the 33-month low of 89.14. Technically, the stochastic oscillator is approaching the overbought territory, while the MACD is trying to overcome the trigger line in the positive region. If there is a successful climb above the [..]

Technical Analysis – US 30 index resumes its climb to unmapped peaks

Posted on March 18, 2021 at 4:24 pm GMT

The US 30 stock index (Cash) is stepping up to fresh all-time highs, currently around 33,210, after its latest bounce off the Ichimoku cloud’s upper frontier at 30,542. The bullish Ichimoku lines are endorsing the recent positive sentiment in the index, while the advancing simple moving averages (SMAs) are safeguarding the bullish structure. Furthermore, the short-term oscillators are conveying encouraging signals in upside momentum. The MACD, in the positive region, is growing above its red trigger line, while the RSI [..]

Technical Analysis – US 30 index takes a breather; upside risks remain

Posted on March 12, 2021 at 1:27 pm GMT

The US 30 stock index (Cash) is retreating somewhat from its new all-time high of 32,660, which happens to be the 138.2% Fibonacci extension of the down leg from 32,073 until 30,542 – the latter being the trough where the one week rally pushed off from. The advancing simple moving averages (SMAs) are endorsing the positive picture in the index, while the bullish crossover of 100-period SMA by the 50-period one – with a freshly steepened inclined – is further [..]

Technical Analysis – JP 225 index targets key resistance trendline as recovery continues

Posted on March 11, 2021 at 4:26 pm GMT

Japan’s 225 stock index (cash) has been nicely crawling up since the plunge to a one-month low of 28,300, stepping recently slightly above the restrictive 50- and 200-period simple moving averages (SMAs) on the four-hour chart. The positive charge in the RSI and the MACD, although somewhat unattractive, is endorsing additional upside corrections, though traders may wisely wait for a close above the resistance trendline, and preferably, beyond the 50% Fibonacci of the latest downfall at 29,512. If this proves [..]

Technical Analysis – GER 30 index marks new all-time high; overbought signals strengthen

Posted on March 10, 2021 at 3:33 pm GMT

The German 30 index (cash) has finally soared above the 14,130 ceiling, which kept bullish actions under control from early January onwards, charting a new record high at 14,554 on Wednesday. The next target could be the 261.8% Fibonacci extension of the latest pullback at 14,740 but the bulls may take a breather before reaching that level as the RSI and the recent closures above the upper Bollinger band suggest that the rally is overstretched. The 14,387 area has been restrictive over [..]

Technical Analysis – US 30 stock index halts rally near familiar resistance line

Posted on March 5, 2021 at 2:42 pm GMT

The US 30 index (cash) gave up some ground after unlocking a new record high of 32,072 near the key resistance line, which connects all the peaks from June onwards. The upper boundary of the Ichimoku cloud and the 23.6% Fibonacci of the 26,065 – 32,072 up leg, however, managed to stabilize the downward correction and help the pair set a foothold above the 50-day simple moving average (SMA). While the weak momentum in the MACD and the sideways move [..]

Technical Analysis – US 500 index tests 50-MA and weight of bearish pressures

Posted on March 1, 2021 at 3:44 pm GMT

The US 500 index (Cash) is trying to conquer the region from the 50-period simple moving average (SMA) until the 100-period SMA, after a foothold at the 3,788 level repowered the positive sentiment. The flattening out of the 100- and 200-period SMAs as well as the completed bearish crossover of the falling 50-period SMA are together signalling some waning in the up drive. Nevertheless, the Ichimoku lines are suggesting a pickup in positive momentum, while the short-term oscillators are promoting [..]

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