The result of the UK election has acted as a catalyst for a further sharp improvement in UK assets, according to David Sneddon and his team at Credit Suisse in London.
Despite the rally stalling in the last few sessions and DeMark sell signals appearing on the charts, clear candlestick reversals signals have not yet appeared for Cable, according to Andy Dodd at Louis Capital Markets.
A bearish signal has appeared for USD/JPY and a medium-term reversal may be close, says Sejul Gokal, Chief Technical Strategist at GO-TechniKAL Insight.
The S&P 500 has broken below its 20-day moving average and will likely test the 200-day moving average next, according to James Dima, technical analyst at Marex Spectron.
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.
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.
GBPUSD is on the cusp of completing a classic bull wedge continuation pattern, says David Sneddon and his team at Credit Suisse in London.
Soybeans are about to begin a bearish move down, according to James Dima, technical analyst at Marex Spectron.
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-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.