Indices

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

Posted on October 17, 2019 at 2:27 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 [..]

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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 [..]

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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 [..]

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

Posted on October 14, 2019 at 4:06 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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Technical Analysis – CHI50 index remains positive; bulls falls short of the April 2019 high

Posted on October 14, 2019 at 3:35 pm GMT

CHI50 stock index seems to have lost some momentum as sellers reversed the index back down to the previous peak of 14,068 from July 1. The rally from the low of 13,373, failed to reach the April 2019 high of 14,239, but persisting positive signals keep it intact. The short-term oscillators reflect a stall in price. The MACD is deep in positive territory and has started to turn down, towards its red trigger line. The RSI, although having declined marginally [..]

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Technical Analysis – GER30 index rallies above 200-period SMA

Posted on October 11, 2019 at 1:46 pm GMT

GER30 stock index extended higher as the bulls overcame the key resistance of 12,150, where the 50- and 200-period simple moving averages (SMAs) crossed each other. The bulls seem to still be in control as backed by the upward sloping 200-period SMA and the recent turning up of the 50- and 100-period SMAs. The short-term oscillators reflect positive momentum is intact. The MACD is ascending and has distanced itself above its red trigger line and into the positive region, while [..]

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Technical Analysis – Is US500 index forming a double top pattern?

Posted on October 7, 2019 at 12:14 pm GMT

US 500 stock index registered three negative weeks in a row and the short-term trading may not get any better yet as the technical indicators keep flashing bearish signals; the MACD has dropped into the negative area and is currently looking stable below its red trigger line, while the RSI seems ready to reverse lower after touching its 50 neutral mark. The 2,815 level looks to be the neckline of a double top formation and therefore any decisive close under [..]

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Technical Analysis – Dollar index futures to hold positive above ascending trendlines

Posted on October 4, 2019 at 1:21 pm GMT

The US dollar index futures are set to close negative in the week after failing to retest the 28-month high of 99.30, with the RSI and the MACD foreseeing now a positive but softer short-term trading. On the downside, the ascending trend-line drawn from the 95.34 trough, currently seen around 98.20, could be an ideal place to look for immediate support. If the price clears that barrier, the sell-off could pick up steam towards 97.52, which is the 38.2% retracement [..]

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Technical Analysis – UK100 stock index plummets; buyers resurface ahead of 7000 level

Posted on October 3, 2019 at 3:35 pm GMT

UK stock index collapsed aggressively from the two-month high of 7,440 right through the simple moving averages (SMAs), erasing all gains that commenced on August 15. The MACD has distanced itself in the negative region below its red trigger line, reflecting the negative sentiment in the market. Yet, the upward slope in the RSI, which has deepened into the oversold area, warns traders that the move down is probably looking for a bottom. A significant move above the 7,050 level [..]

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Technical Analysis – US30 stock index consolidates; swing low support remains in place

Posted on September 30, 2019 at 1:33 pm GMT

US30 stock index seems to be undecided as it is unable to break below the 26,833 level, which is the 23.6% Fibonacci retracement of the up leg from 25,279 to 27,312. The short-term oscillators reflect a stall in momentum but favor a push lower. The MACD is only just below its red trigger line in the negative zone, while the RSI is in bearish territory pointing down after a deflection off the 50-level. Despite the consolidation period the negative signals [..]

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