Bearish reversal for Bouygues
A Double Top is in play for Bouygues (EN FP), the French construction, telecoms and media group, according to Andy Dodd, Head of Technical Research at Louis Capital Markets.
November 2019
What will stop the S&P uptrend?
The S&P 500 ended last week at its highest close at 3,120.46, but Frank Cappelleri, Chief Market Technician at Instinet, thinks we should be on the lookout for a significant downturn.
Bullish pattern in sight for Cable
GBPUSD is on the cusp of completing a classic bull wedge continuation pattern, says David Sneddon and his team at Credit Suisse in London.
Bearish signal for Soybeans
Soybeans are about to begin a bearish move down, according to James Dima, technical analyst at Marex Spectron.
DAX rally stalls
Oscillators show a clear reversal in short-term momentum for the DAX as the RSI moves down out of ‘overbought’ territory and MACD goes below its signal line.
GBP/AUD completes bull flag
GBP-crosses are heading higher fuelled by greater certainty to Brexit proceedings, says Sejul Gokal, Chief Technical Strategist at GO-TechniKAL Insight, and GBP/AUD may be the most bullish expression of this move.
Correction expected for S&P
US stock market sentiment shows a high degree of bullish optimism, indicating a significant probability of a price pull-back for the short-term, according to Robert Colby at Robert W. Colby Asset Management.
Major reversal for USDJPY
Several signs suggest that USDJPY is in the midst of a significant change of trend and will head back towards the 112.40 Spring high, according to David Sneddon and his team at Credit Suisse in London.
US rates to test August low
Tony Sycamore, Director of TECHFX TRADERS, says the US 10-year yield is in the middle of a corrective rally and will shortly resume its downtrend.
Update (17 Nov): Corrective rally appears to be complete.
Update (17 Nov): Corrective rally appears to be complete.
Copper: bull signal pending
LME Copper is close to confirming a medium-term bullish signal, according to James Dima, technical analyst at Marex Spectron.