Indices / Page 22

Technical Analysis – US 500 index gaps higher; holds all-time-high in its scope

Posted on December 14, 2020 at 3:05 pm GMT

The US 500 index (Cash) gapped above the 50-period simple moving average (SMA) today on the four-hour chart, re-establishing a positive bearing towards the upper Bollinger band and the recent all-time high of 3,715. The dictating bullish bearing in the SMAs remains robust even though the 50-period SMA’s upward pace is marginally easing. The short-term oscillators are reflecting a pickup in positive momentum. The MACD, above its red trigger line, is pushing over its neutral threshold, while the RSI is [..]

Technical Analysis – US 30 index falls slightly; broader outlook is positive

Posted on December 11, 2020 at 10:32 am GMT

The US 30 stock index (Cash) is edging south from its freshly logged all-time-high of 30,313.56. Positive sentiment seems to be taking a breather as the momentum indicators are losing some momentum. The MACD, in the positive region, is holding below its trigger line, while the RSI is exhibiting a stalled positive picture. However, the bullish 50- and 100-day simple moving averages (SMAs) could boost the price, sending the index to uncharted peaks. In a bullish scenario, immediate resistance may develop [..]

Technical Analysis – UK 100 index eases slightly but upside risks remain

Posted on December 9, 2020 at 4:16 pm GMT

The UK 100 index (Cash) seems to be fading from its newly formed nine-month high of 6,623 as positive momentum is losing steam. Nevertheless, the simple moving averages (SMAs) are maintaining their bullish tone, preserving the positive structure. That said, the short-term oscillators are suggesting a strengthening of the negative price action. The MACD, in the positive zone, is sliding underneath its red trigger line, while the RSI is falling in bullish territory. Moreover, the stochastic oscillator has adopted a [..]

Technical Analysis – US Dollar index holds near 32-month trough; strongly negative

Posted on December 8, 2020 at 1:49 pm GMT

The US dollar index has been in a significant bearish tendency since March 3 and last week the price posted a fresh 32-month low of 90.42. Looking at momentum oscillators on the daily chart though, they suggest an upside pullback on price. The stochastic oscillator created a bullish crossover within its %K and %D lines in the oversold territory, while the MACD is flattening beneath its trigger and zero lines. Further declines may be on the cards if the index [..]

Technical Analysis – US 500 index tests another all-time high

Posted on December 7, 2020 at 10:15 am GMT

The US 500 index (cash) is retreating from the record high of 3,705.39, reached earlier today. The technical indicators are currently suggesting a possible retracement in the short-term. The RSI pulled back from the overbought territory, while the %K line of the stochastic oscillator posted a bearish crossover with the %D line above the 80 level. If the price falls further, it could touch the 3,589 barrier before heading south towards the 50- and 100-day simple moving averages (SMAs) currently at 3,500 [..]

Technical Analysis – US 30 index conveys confidence above MAs

Posted on December 4, 2020 at 1:27 pm GMT

The US 30 stock index (Cash) is tiptoeing higher after finding traction off the 100-period simple moving average (SMA), attached to the lower surface of the Ichimoku cloud. Although the Ichimoku lines are fairly directionless, the red Tenkan-sen line is nudging the price marginally higher. The indices’ positive structure appears safeguarded above the support zone of 28,838-28,957 and is being defended by the improving trajectory of the SMAs. The short-term oscillators are echoing intact positive momentum. The MACD, slightly above [..]

Technical Analysis – US 500 index maintains positive bearing; 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 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 30 index retains bullish bias despite minor pullback

Posted on November 27, 2020 at 1:37 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 [..]

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