Bitcoin’s sustained break above resistance at around the $20,000 area opens the way for a move towards $30,000 plus, according to Tony Sycamore, Director of Australia-based TECHFX TRADERS.
A potential bullish continuation pattern for the DAX, with a target of 18,760, is still pending, according to Andy Dodd, Head of Technical Research at Louis Capital Markets.
A positive Brexit outcome will lead to an upwards acceleration in GBPJPY, according to David Sneddon and his team at Credit Suisse in London.
Winners for The Technical Analyst Awards 2021 have been announced.
Ron William, director at RW Advisory, looks at the US election’s impact on the markets. He sees key targets being back in play.
A weekly close above 11200 would see a return to a bullish bias for Bitcoin, according to Tony Sycamore, Director of Australia-based TECHFX TRADERS.
James Dima, technical analyst at Marex Spectron, says to monitor for a major bullish development in Brent Crude.
Long-term bullish targets are still in play for the S&P 500 though it may be overextended in the short-term, according to Frank Cappelleri, Chief Market Technician at Instinet.
Industrial metals are having more of an impact on the South African Rand (ZAR) than Gold, according to George Davis, Chief Technical Strategist at RBC Capital Markets.
The US Growth/Value ratio is at a critical juncture, according to David Sneddon and his team at Credit Suisse in London.