The S&P 500 has reached the top of its uptrend channel, but has not yet signalled the beginning of a correction, according to Andy Dodd, Head of Technical Research at Louis Capital Markets.
EURUSD’s close above 1.2150 opens the way for a move towards 1.4000/1.5000 in the medium-term, says Tony Sycamore, Director of Australia-based TECHFX TRADERS.
The Shanghai Composite’s rise above the previous cycle high of 3541 suggests a resumption of the uptrend is taking place, according to David Sneddon and his team at Credit Suisse in London.
Bitcoin will likely fall further to target a large price gap that exists between 8325 and 9192, according to Ron William of RW Advisory in an interview with IG TV.
GBPUSD’s corrective rally may soon reach significant resistance around the 1.40 level, says Tony Sycamore, Director of Australia-based TECHFX TRADERS.
US 10-year yields are testing a long-term descending channel top, according to George Davis, Chief FIC Technical Analyst at RBC Capital Markets.
EURJPY will remains under heavy pressure in the few weeks ahead, according to David Sneddon and his team at Credit Suisse in London.
The energy sector is showing signs of improvement relative to US stocks, according to Michael MacDonald, Head of Research at UK-based independent research firm XATS.
After such a rapid and extensive rise in 2017, the S&P 500 needs a pause, according to Ron Meisels at Phases & Cycles.
In their first report of 2018, Ron William and Robin Griffiths, strategists at RW Advisory, explain why US equities are causing them concern.