Technical Analysis – GER 30 index hits fresh record high; could stabilize in short-term

Posted on February 13, 2020 at 3:53 pm GMT

The German 30 stock knocked January’s all time high of 13,639 on Wednesday and printed a fresh peak of 13,791 on Thursday. With the price pulling below the upper Bollinger band, some caution could emerge in the short-term. Still, any weakness could prove temporary if the area between the middle Bolinger band, which is also the 20-day simple moving average (SMA), and the 50-day SMA currently near 13,300 rejects any move lower, shifting the spotlight back to the 13,600 level [..]


Technical Analysis – CHI 50 index fights with 200-SMA after rebound on 8-month low

Posted on February 11, 2020 at 11:12 am GMT

China’s 50 stock index (CHI 50) has rebounded somewhat after falling to the eight-month low of 12,520 on February. Currently, the price struggles beneath the 200-day simple moving average (SMA), which overlaps with the area of the 23.6% Fibonacci retracement level of the up leg from 10,197-14,678 of 13,621 and the 13,570 barrier. The momentum indicators now suggest that the market sentiment might get better as the RSI is approaching the positive territory as it flirts with the 50 level. [..]


Technical Analysis – US 100 Index’s boost dwindles as it looks for a new summit

Posted on February 10, 2020 at 3:12 pm GMT

US 100 Index’s (Cash) recent appreciation, which bounced off the blue Kijun-sen line around 9,056, produced a fresh all-time high of 9,459. That said, the index appears to have taken a breather, something also reflected in the technical indicators, which display some wanings in positive momentum. The MACD, although deep in the positive region and above its red trigger line, has lost steam, while the RSI is hovering below the 70 level. The Stochastics also warn of possible weakness in [..]


Technical Analysis – Dollar Index futures hold at 4-month high; lack direction in long-term

Posted on February 10, 2020 at 8:52 am GMT

The US dollar index reached a fresh four-month high of 98.56 as the price extended its bull run well above the Ichimoku cloud and the moving averages lines. Prices broke above the 98.47 barrier and the technical indicators are suggesting a weaker bullish move. The MACD is holding above the trigger and zero lines, while the RSI flattens near the 70 level. It is worth mentioning that the 20-day simple moving average (SMA) crossed above all the short- and long-term [..]


Technical Analysis – GER 30 Index pullback looks to test positive picture

Posted on February 7, 2020 at 11:00 am GMT

Germany 30 Index (Cash) is pushing under the 13,519 level, following a deflection off the 13,604 resistance from January 24. The candles reflect sellers’ efforts for a down move, something also suggested within the short-term oscillators, where negative momentum appears to be picking up. The MACD, deep in the positive region, has slipped below its red trigger line, while the RSI declines lower in bullish territory following an exit from the overbought zone. The Stochastic lines have reached the 20 [..]


Technical Analysis – US 30 index extends bullish pressure; all-time high at 29,528

Posted on February 6, 2020 at 1:49 pm GMT

The US 30 index is looking strongly bullish after surging above its daily moving averages (MA) on Monday. Prices hit a record high of 29,528 earlier today and the technical indicators are all pointing to further positive momentum in the near term. The stochastics are heading upwards, but the D% line has yet to cross above 80, suggesting plenty of scope for additional upside moves. The RSI has crossed into bullish territory but has yet to approach the 70 overbought [..]


Technical Analysis – JP 225 index looks for some extra gains in short-term

Posted on February 5, 2020 at 2:22 pm GMT

Japan’s 225 stock index staged an impressive rally earlier on Wednesday to cross above the Ichimoku cloud and close on top of the 200-period simple moving average (SMA) on the four-hour chart. Technically, there is still some room for improvement as the Stochastics are reversing north again within the overbought area at a time when the RSI keeps rising to reach its 70 overbought mark. The 23,700 level seems like a hurdle for the bulls at the moment but if it soon falls [..]


Technical Analysis – US 500 index flirts with record high; more gains expected

Posted on February 5, 2020 at 11:10 am GMT

The US 500 index has advanced considerably – as it found a strong support at the 50-day simple moving average (SMA) – and is heading towards the all-time high of 3,337.64. Looking at momentum indicators, the RSI is sloping up slightly above its neutral threshold of 50, suggesting that the market could keep rising in the near term. The rising MACD also supports this view, currently in the positive territory attempting to embrace its red signal line. A further move to the [..]


Technical Analysis – UK 100 index plunges in long-term trading range

Posted on February 3, 2020 at 10:40 am GMT

The UK 100 index has been developing within a one-year consolidation area with upper boundary the 7,690 resistance level and lower boundary the 7,020 support. In the latest move, the price tumbled to a fresh three-week low of 7,230.94 on Friday but the 38.2% Fibonacci retracement level of the upward movement from 6,470 to 7,730 helped it to recover a bit on Monday. In technical indicators, the stochastic oscillator is still pointing to the 20 oversold mark, while the MACD continues to [..]


Technical Analysis – Dollar Index futures pull back in downward sloping channel

Posted on January 31, 2020 at 10:22 am GMT

The US dollar index bounced off the upper boundary of the downward sloping channel at the 98.00 psychological level and fell towards the 100-simple moving average (SMA). The price is exposing to downside risks and the first clue is the lower highs and the lower lows registered below the 28-month peak of 99.30. In terms of momentum, the short-term bias is currently viewed as neutral-to-negative as the MACD is flattening above its zero line and the stochastic is moving lower [..]

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