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.
Multi-Asset
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.
S&P stretched but still bullish
The S&P remains in a short-term uptrend channel with momentum having picked up after it broke above 3392.5 on 24 August, according to Andy Dodd at Louis Capital Markets at Louis Capital Markets.
RBC raises target for US 10-year yields
George Davis, Chief Technical Strategist at RBC Capital Markets, has raised his 1 to 3 month target for US 10-year yields to 0.85%.
Gold in Wave IV correction
Elliott Wave specialist Tony Sycamore at TECHFX TRADERS says gold remains strong in the medium-term.
Markets wobble but won’t fall down
George Davis at RBC Capital Markets says a shift in the risk backdrop may be at hand, which would usher in a corrective period, but one key technical ingredient is missing: confirmation of trend changes and reversal patterns.
USD winding up for another fall
The USD is extending its consolidation phase, unwinding the oversold condition to leave the bear trend in a better condition to eventually resume, according to David Sneddon and his team at Credit Suisse.