If we look at the AEX we are seeing an uptrend, but if we look at the FTSE, we are seeing an breaking-out above the upward trendline. If we look at the RSI index we are seeing an really long trend the last time above our upper band. If we look at the MACD we have some pression the last semair. If are looking aging at our stockimage in the bollinger bands there...
There is every chance the FTSE could reach 7000. However, I am bearish the market (and global equities in general) and so would not be a buyer of this until there is indication that the market can come off. If we see the European banking crisis speeding up, or corporate debt issues coming to the fore, then this would certainly impact the FTSE and we would see the...
The Paradoxical Risk-on/ Risk-off Asset positive correlation: 1. Risk off assets have outperformed to date, with Gold leading the gains at 28%, JPY following at 18% and US 10y treasuries Trading 16% up in 2016 - average at 20.5%. 2. Meanwhile, SPX trades 5% up since 4.1.2016 but more importantly, since 20th January lows SPX is up 15%. 3. this is significantly...
Post Brexit SPX vs USDJPY 1. One had expected risk to sell off post brexit as global uncertainty increases, given the amount of volatility in the FX markets in the lead up, this was the rational expectation (whilst VIX traded subdued). However, instead, SPX recovered 6% whilst Yen also rallied 7% higher in the days following the vote. 2. This risk-on risk-off...
To read the signal, please sign in www.tradingbusiness.it TIPO: LONG ENTRY POINT: about 0,7945 STOP LOSS <= 0,7310 TAKE PROFIT: 0,9350-0,9500
With the Brexit referendum vote on Thursday (6/23), markets are still volatile and uncertain with whether or not British voters will decide on leaving the European Union. As the Brexit polls began indicating that the "leave" vote began leading into this week on gaining momentum, the perplexed media were at odds on how to exactly explain the "phenomena." First,...
If Resistance of 6079 is broken, i think will go up. If next candle is bearish on 6052 i think will test 5900 again.
Simple and accurate chart analysis. As fears over brexit rise so does this index being obviously linked to the British economy this index is likely to continue to fall as expected due to growing concerns as we can also see in the major currency pairs closely linked to the British economy. Trend line break long with a break of the yearly critical level...
Global stocks bounced as expected. Higher highs on their way. SPX - 2150 / 2160 DAX - 10380 / 1399
The index currently trades around 6280. A 150-point move to inverse head and shoulder could happen in a single day. However, watch out for a failure at the neckline, especially ahead of Brexit referendum.
Monthly chart - Bullish Cypher in the making All Cypher conditions appear to have been met. The D leg appears to have begun in April last year. (high of 7127 levels) The 78.6% retracement comes to around 5284. The level almost coincides with 50% Fibo of 2009 low-2015 high level which comes around 5294. A break below 1.1196 preferably on day end closing basis...