Bitcoin targets 30,000
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.
2020
DAX: bullish pattern waiting for confirmation
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.
GBPJPY: an alternative Brexit play
A positive Brexit outcome will lead to an upwards acceleration in GBPJPY, according to David Sneddon and his team at Credit Suisse in London.
Awards 2021
Winners for The Technical Analyst Awards 2021 have been announced.
Calm before the storm
Ron William, director at RW Advisory, looks at the US election’s impact on the markets. He sees key targets being back in play.
Bitcoin bullish above 11,200
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.
Golden Cross imminent for Brent
James Dima, technical analyst at Marex Spectron, says to monitor for a major bullish development in Brent Crude.
S&P overextended?
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 give bullish outlook for ZAR
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.
Top forming for Growth/Value ratio
The US Growth/Value ratio is at a critical juncture, according to David Sneddon and his team at Credit Suisse in London.