1.Dow Jones :- Monthly:- RSI above 60 + All time high Weekly:- RSI above 60 Daily:- RSI Above 60 but has multiple bearish diversion Overall:- All RSI above 60 + All time high but daily has multiple bearish diversion which are some concern point.
2.S&P 500 :- Monthly:- RSI above 60 + All time high Weekly:- RSI above 60 Daily:- RSI above 60 Overall:- All RSI above 60 + All time high but daily has multiple bearish diversion which are some concern point.
3.NASDAQ 100 :- Monthly:- All time high + RSI above 60 Weekly:- RSI above 60 Daily:- RSI above 60 but daily has multiple bearish diversion Overall:- All RSI above 60 + All time high but daily has multiple bearish diversion which are some concern point.
4.Nikkei (Japan) :- Monthly:- RSI above 60 + All time high Weekly:- RSI above 60 Daily:- RSI above 60 but has multiple bearish diversion Overall:- All RSI above 60 + All time high but daily has multiple bearish diversion which are some concern point.
5.Kospi ( South korea):- Monthly:- Sideways RSI between 40 and 60 and Monthly at major resistance Weekly:- Sideways RSI between 40 and 60 Daily:- Above 60 + 60 support + bollinger band squeeze breakout Overall:- Sideways once its crosse major resistance then we have positive view
6.Hang Seng ( Hong Kong):- Monthly:- RSI below 60 but one point taking support ( make form W pattern) Weekly:- RSI below 60 making LH and LL Daily:- Sideways making LH and LL Overall:- This market is not Good monthly and weekly RSI below 40 and daily between 40 and 60 but has 20 MA support
7.SSE( China):- . Monthly:- RSI below 40 but at major support Weekly:- just crossing above 40 but still making LH and LL Daily:- sideways but cross 20MA but still making LH and Ll Overall:- This market is not Good monthly below 40 and weekly daily RSI between 40 and 60
8.DAX ( Germany):- Monthly:- RSI above 60 but not able to cross high from last 3 months Weekly:- RSI above 60 but need to wait till its cross high Daily:- Bearish diversion + Range shift Overall:- Monthly , Weekly RSI above 60 but daily has concern
9.FTSE 100 ( London):- Monthly:- sideways between 40 and 60 Weekly:- sideways between 40 and 60 Daily:- sideways between 40 and 60 Overall:-Side market as RSI moving between 40 and 60 .
10.CAC 40 ( FRANCE) :- . Monthly:- RSI above 60 but still not cross last month high Weekly:- RSI above 60+ 60 support but has bearish diversion Daily:- RSI above 60 but made major bearish island pattern Overall:- All RSI above 60 but has some concern point once its clear then good
11.ASX 100 index(Australia):- Monthly:- RSI in between 40 and 60 ,So sideways Weekly:- RSI above 60 but has bearish diversion + major resistance Daily:- RSI above 60 but has multiple bearish diversion Overall:- looks side ways until its cross major resistance
Note: -
1. Uptrends: - Dow Jones , S&P 500 , NASDAQ 100 , Nikkei (Japan) , DAX ( Germany) , CAC 40 ( FRANCE) but has some major concern on daily chart 2. Sideways: - Kospi ( South korea) ,FTSE 100 ( London),ASX 100 index(Australia) 3. Downtrend: - Hang Seng ( Hong Kong), SSE( China)
Conclusion:- Major world market still bullish but on daily has some concern like at resistance or multiple bearish diversion etc.
Currency Market: -
US Dollar index :- Monthly:- sideways + at major resistance Weekly:- sideways + at 20MA resistance Daily:- RSI above 60 + 60 support but looks like bull trap Overall:- Monthly and Weekly RSI in between 40 and 60 but daily above 60
2.USD INR:- Monthly:- RSI above 60 but not crossing high from many month Weekly:- Sideways Daily:- Sideways Overall:- Side ways as RSI in between 40 and 60 on Weekly and daily on monthly RSI above 60 but not crossing the 84 price from many months.
Conclusion: - US dollar price and USDINR are side ways as dollar price not increasing which are good for Indian market
Commodity market:-
1.Gold:- Monthly:- RSI above 60 but has bearish diversion + from last 3 months not crossing high Weekly:- sideways + Bearish diversion + rangeshift Daily:- sideways + rangeshift + Bearish diversion once 20 MA break then good for sell Overall:- Median and Short term side ways but on daily has PRS which are concern point.
2.Silver:- Monthly:- Sideways Weekly:- Sideways Daily:- Sideways + LH and LL Overall:- All 3 time frame side ways
3.Copper:- Monthly:- Sideways Weekly:- Sideways Daily:- Below 40 Overall:-long ,medium time frame Sideways and daily downside
4.Crude Oil:- Monthly:- Sideways Weekly:- Sideways Daily:- Sideways Overall:-long , medium and short time frame Sideways.
5.COMMODITIES:-
Monthly:- RSI above 60 Weekly:- RSI above 60 Daily:- RSI above 60 but has multiple bearish diversion which are concern point Overall:-long , medium and short time frame above 60 but daily has has multiple bearish diversion which are concern point.