Andy Dodd, Head of Technical Research at Louis Capital Markets picks out a selection of charts that suggest the corrections of recent days may soon be over.
EURUSD is testing channel resistance and likely to attract sellers, according to Tony Sycamore, Director of Australia-based TECHFX TRADERS, though he advises against chasing the market.
Ron William, director at RW Advisory, gives his view on the equity markets and says the key thing is to remain calm during the storm and focus on risk and money management. He asks whether it really is possible to catch the low.
Frank Cappelleri, Chief Market Technician at Instinet, highlights the major downside targets for the S&P 500.
USDCHF is likely to be a key barometer for the US dollar, according to David Sneddon and his team at Credit Suisse in London.
The medium-term risk-reward is still to the upside for the Nasdaq Future while the uptrend is intact, however short-term signals suggest a correction may be near, according to Andy Dodd at Louis Capital Markets.
Several signals suggest commodities are ready to rally, according to James Dima, technical analyst at Marex Spectron.
Gold is benefiting from the current market turmoil and looks set to reach 1625 within one to three months, says George Davis, Chief Technical Strategist at RBC Capital Markets.
10yr German real yields look like they are forming a very large inverted head-and-shoulders base, according to David Sneddon and his team at Credit Suisse in London.
The Nikkei is at a key level below which it would complete a large double top and suggest a more damaging selloff for the Nikkei and global equities more broadly, says David Sneddon and his team at Credit Suisse. Updated 5 February 2020.