This month’s rally in euro sterling has been checked at the declining 200-day moving average at 87.92, say the technical analysis team at Credit Suisse.
A new study by researchers at Massey University and Auckland University of Technology has found that technical indicators are especially good at forecasting the price movements of individual small cap stocks.
The Bloomberg-JPMorgan Asia Currency Index has broken through key support raising the prospect of further significant weakness for Asian currencies against the USD, according to David Sneddon and his team at Credit Suisse in London.
At a recent seminar hosted by The Technical Analyst in central London, Trevor Neil gave a talk on the methodology behind Relative Rotation Graphs (RRGs).
Gold is set for a short-term rally although the longer-term outlook remains uncertain, according to Tony Sycamore at TechFX Traders.
WTI crude oil broke below key support on Thursday paving the way for further declines, says Sejul Gokal at Go-Technikal Insight.
Tony Sycamore, Director of Australia-based TECHFX TRADERS, says a breakout is imminent for the US Dollar Index, though in which direction remains to be seen.
The NASDAQ future is nearing its all-time high and current levels may not offer the best entry point for new longs, according to Andy Dodd, Head of Technical Research at Louis Capital Markets.
The trading range for Soybeans has shrunk to an extreme low and James Dima, technical analyst at Marex Spectron, thinks this means that a large move is pending.
The uptrend in the FTSE that began in December 2017 is set to continue despite Brexit worries say the technical analyst team, headed by David Sneddon, at Credit Suisse.