Investor sentiment has reached levels of euphoria and greed that exceed the excessive optimism at the stock market top in 2000, says Robert Colby, Chief Investment Strategist at Robert W. Colby Asset Management.
European Health Care stocks have seen a strong start to the week and look ready to complete a head-and-shoulders base, according to David Sneddon and his team at Credit Suisse in London.
Soybeans are overbought and likely to correct soon, according to James Dima, technical analyst at Marex Spectron.
EURJPY is ready to resume its upward trend, according to David Sneddon and his team at Credit Suisse in London.
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’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.
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.
A positive Brexit outcome will lead to an upwards acceleration in GBPJPY, according to David Sneddon and his team at Credit Suisse in London.
Winners for The Technical Analyst Awards 2021 have been announced.
Ron William, director at RW Advisory, looks at the US election’s impact on the markets. He sees key targets being back in play.