Bitcoin’s decline is being held-up by its 200-day moving average, according to Ron William and Robin Griffiths, strategists at RW Advisory.
Soybean Meal is overbought and could soon fall significantly, says James Dima, technical analyst at Marex Spectron.
EURUSD will target 1.4000/1.5000 in the medium-term, though a pullback before then is likely, says Tony Sycamore, Director of Australia-based TECHFX TRADERS.
The 30-year US Treasury bond may be approaching a major inflection point, according to Peter Lee at UBS Wealth Management Research.
Despite recent volatility, the trend in the S&P remains up until we see a decisive downward break in the 200-day moving average, says Dan Russo at Needham and Co.
EURCHF’s sharp sell-off yesterday has reasserted the bear trend for the coming days and weeks, according to David Sneddon and his team at Credit Suisse in London.
Downside risks persist for the S&P, according to George Davis, Chief FIC Technical Analyst at RBC Capital Markets.
Taking the big picture, Frank Cappelleri, Chief Market Technician at Instinet, thinks the S&P may well be in the early stages of a very large move upwards.
Despite the short-term bounce, Dan Russo, Technical Analyst and Principal of Institutional Sales at Needham & Company LLC in New York, remains bearish on the USD.
The S&P has hit important support at 2636 and this remains a key technical level to look for a rebound, according to David Sneddon and his team at Credit Suisse in London.