Soybeans extremely overbought
Soybeans are overbought and likely to correct soon, according to James Dima, technical analyst at Marex Spectron.
Multi-Asset
EURJPY regains upside targets
EURJPY is ready to resume its upward trend, according to David Sneddon and his team at Credit Suisse in London.
Scope for further rise in US yields
There is further upside in the short-term for US yields, but the longer-term downtrend remains, according to Andy Dodd, Head of Technical Research at Louis Capital Markets.
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.
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.
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.