Election boost for FTSE 250
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.
Multi-Asset
GBPUSD awaits election result
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.
Important week for USD/JPY
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.
S&P heading towards 200-day MA
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.
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.
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.