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.