Morning Technical Notes – Friday 31 May

Today’s wrap and technical outlook for indices, commodities and currencies

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Microsoft – Double Top Potential

I may be a bit early here, but with the US share markets looking a little shaky over the past week, Microsoft looks as though it might be a candidate for a double top set up.

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Backtesting – Part 1

Guest Post by DV 34

As promised, our guest blogger DV34 is going to post a series of articles covering his practical experience backtesting trading strategies 

This promises to be a really valuable resource. I hope you enjoy it

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Bond Signals

Reading Ric’s post on Iron Ore from yesterday (click here) reminded me of the way in which markets can inform other markets. With concerns about the potential impact of the end of US Fed stimulus, it may be a good time to check on what bond markets are saying.

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Morning Technical Notes – Thursday 30 May

Today’s wrap and technical outlook for indices, commodities and currencies

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Iron Ore Chart – Update

The iron ore price will be crucial to Australia’s terms of trade over the medium term and has a big influence on how people see the outlook for  Aussie Dollar, the Australia 200 index and major resource stocks.

Given the recent sharp drop in prices, I thought this might be the time to update my March posts on the chart outlook.

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Australia 200 Index – in the zone

Price action since February in the Australia 200 Index has done traders a favour by marking out clearly defined support and resistance. Although I don’t have a trade today, the release of Australian and Chinese data over the next few days could lead to multiple set ups.

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Morning Technical Notes – Wednesday 29 May

Today’s wrap and technical outlook for indices, commodities and currencies

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GBP: AUD – Divergence Set Up

After a month of full on trending, some of the Aussie pairs are beginning to show signs of divergence.

GBP: AUD looks the most clear cut example to me. A weak close to the current candle would also mean an Evening Star Pattern. This is an added bonus that candle stick traders might use as a logical basis for early entry on a sell set up.

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Morning Technical Notes – Tuesday 28 May

Today’s wrap and technical outlook for indices, commodities and currencies

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