After a ‘rampant’ rally since early October the Bloomberg NZD Index looks ready to enter a corrective phase, says Sejul Gokal, Chief Technical Strategist at GO-TechniKAL Insight.
A bullish short-term pattern has been confirmed for the S&P 500, according to Frank Cappelleri, Chief Market Technician at Instinet.
US 10 Year Yields have reached the measured target of a double top pattern and look set to rally in the short-term, according to Andy Dodd, Head of Technical Research at Louis Capital Markets.
Following a MACD buy signal in September, other elements are falling into place to suggest an emerging markets recovery may be close, according to David Sneddon and his team at Credit Suisse in London.
James Dima, technical analyst at Marex Spectron, compares today’s crude market with that of 2012 and finds good reason to think a significant recovery will unfold.
A close above the neckline of a potential inverted head-and-shoulders pattern would confirm a medium-term low for EURUSD, says Tony Sycamore, Director of Australia-based TECHFX TRADERS.
After an approximate 9% fall from its September peak, Ari Wald, Technical Analyst at Oppenheimer, says the S&P will need to rally back above last week’s gap as the first step towards recovery.
The European Telecommunications sector has confirmed a bullish reversal pattern, according to Andy Dodd, Head of Technical Research at Louis Capital Markets.
A bullish condition is pending for Aluminium, says James Dima, technical analyst at Marex Spectron.
Aggressive selling has resulted in a closing break below critical support on the Nasdaq 100, according to David Sneddon, Pascal Zingg and James Gilbert at Credit Suisse in London.