Tag Archives: FTSE

NZDUSD appears to be carving a bullish triangle wave in Elliott wave terms. This implies sideways consolidation and eventual break higher while holding above .6423.

The Nikkei 225 has seen many of its December losses doggedly reclaimed by this year’s gradual uptrend. Bulls now face a sterner test, however, as the last key high point nears.

The ASX 200 has had a great run higher but now looks in need of a break. Can it consolidate above its old trading range? If so it might be a bullish sign. v

The market softened up a bit last week with two of the major indices doing so from the widely-watched 200-day MA; watch for sellers to show up on strength.

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBPUSD-bearish contrarian trading bias.

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USDJPY-bullish contrarian trading bias.

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Spot Gold-bearish contrarian trading bias.

The Euro is pressuring support guiding it higher against the US Dollar since mid-November after rejection at trend resistance triggered a five-day losing streak.

GBPUSD downside break could spark a test of the low 1.28s, while GBPJPY bearish bias has eased as key fibo holds. EURGBP fails to hold above 0.8800.

The FTSE’s climb was halted at resistance last week, and with today’s push higher it is being revisited again already; but can it climb above or just another test?

Volatility in the Euro hasn’t been very kind to directional traders in recent months, but it’s at an extreme that suggests we’ll see a move, eventually.

Recent changes in sentiment warn that the current US 500 price trend may soon reverse lower despite the fact traders remain net-short.