The current 26% trend has now matched the trend from May to July 2019 in terms of percentage rise. It still has some way to go before it matches the 38% rise we saw from December 2019 to January 2020. Palladium has been forming a nice strong uptrend with clean pullbacks and smooth periods of consolidation. We are currently experiencing a pullback which could...
Gold, until recently has been a slow mover but has now started to gain good momentum. After breaking above the strong resistance at $1,611 on the 20th February 2020, price has so far peaked at a high of $1,689. Whether this high will cause further problems for price is anyone’s guess but as price has started to pull back, a break and close above this high will...
The S&P 500 is flying high since breaking out of consolidation in October 2019. Price has remained above the 50sma since and even used it as support on the 31st January 2020. Since October 2019, price has climbed up 11.5% and since the beginning of 2020, price has risen 4.3% We may see this trend last for several months and we should notice many UK and US stocks...
The EURUSD has consistently been heading down since January 2018 but it hasn’t been the smoothest of rides. The journey down has been plagued with long periods of consolidation which are highlighted on the chart. The shortest period of consolidation lasted 53 trading days and the longest was 144 trading days. The most recent consolidation period was for 94...
The S&P 500 proved resilient following its breakout from consolidation in October 2019, going on to rally 10%, reaching a high of $3,337 on the 27h January 2020. With strong moves in price we can expect to see price become exhausted at some point which is what took place here. Price pulled back and reached a low of $3,214 which also came close to the 50sma. The...
$2,500 proved to be a big hurdle for price towards the end of January 2020. Price soon started to see weakness and the selling began but was caught by the 20sma support level. From the start of February 2020, there has been increased momentum in price. The force of the recent move appeared as though it was going to be enough to break through the resistance at the...
There has been a clear and consistent trend in Apple since 3rd January 2019 and the trend looks set to continue. The first trend from 3rd January to 1st May 2019 rose by 52%. The next one was from 11th September to 6th December 2019 and rose by 22%. The current trend which has been running since 13th December 2019 has risen 20% so far. As we are in a strong...
There is no surprise that Palladium has currently found weakness after hitting a round number following a strong surge in price. With every big move, we can expect to see exhaustion in the market before a continuation in the trend. Price first made contact with the $2,500 round number on January 17th and has since pulled back. The recent pattern of breakouts and...
JD Sports has a good history of trending well as we saw from the trend between December 2018 to May 2019. Price became exhausted and went into consolidation from May 2019 to September 2019 and the breakout in September was the first indication of further trends to come, which is what we are currently experiencing. This has not been the neatest of trends but...
The S&P 500 is going from strength to strength, continuing to create new all-time highs since the beginning of 2020. After breaking out of consolidation on the 28th October 2019, price has formed a nice linear bullish trend. This Index has a good history of forming strong linear trends as we have seen in the recent past from December 2018 to May 2019. Some...
Palladium has gone on to shatter records performing a steep climb over the past couple of weeks but will the rise be over as fast as it started? The chart clearly shows the clean breakouts following clean pullbacks in Palladium over the last year and each breakout has resulted in a nice trend. The most recent breakout has been the strongest yet in its recent...
The behaviour of Gold has been consistent over the past couple of years where we have seen trends followed by consolidation periods. The most recent breakout of consolidation on the 6th January 2020, saw price sharply rise to a height of $1.611 but that was short-lived. Price re-entered the consolidation zone and things were not looking good for Gold as its rival...
Following on from the previous Gold post, you would have seen that we mentioned that price was approaching major resistance at $1,557 which was from the high of 4th September 2019. On the 6th January 2020 price eventually broke through this resistance level confirming a continuation to the upside. Price also broke out of consolidation and what tends to happen...
On 17th December 2019, price made an attempt at breaking the $2,000 major round number and failed. From that date through to the end of 2019, it was unclear whether Palladium would exceed $2,000. We prefer to wait for breakouts and avoid trying to guess what price will do next. On 6th January 2020, price broke and closed above $2,000 creating new historical highs...
At the moment Gold is still in consolidation but taking a closer look we can see that price is looking strong and finding its footing at a support base. If we look at the support base formed in April/May 2019, we can identify the trend that followed which saw a 22% rise in the price of Gold. After big moves we usually see exhaustion in the market and in the case...
Following the UK elections on the 12th December 2019, the British Pound showed some strength and tried to battle it out with the Euro. Price managed to push itself down through major support at 0.8297 and things looked positive for the Pound. It wasn’t too long before the market corrected itself and the Pound and the Euro were balanced again and now price has...
If price can climb another 60 points and go beyond the $2,000 mark then it would be creating new record highs for this commodity, which in 2016 was only priced as low as $454. It has travelled some way since then to where it is now and that journey has not been the smoothest. After the smooth linear trend from August 2018 to March 2019, price took a turn and...
The overall structure of the Dow Jones 30 looks positive. The most recent pullback came down and tagged the support level from the consolidation resistance and bounced off from that level. After periods of consolidation, it is always good to see price retest support levels as it confirms the support level is holding and gives more strength to the buyers. Now what...