Tag Archives: Moving average

Australia 200 – Further to go

Since June last year, we’ve become used to a pattern of relatively shallow corrections in the Australia 200. It’s been just over a year since we’ve seen a red candle as big as this week’s. The last was the week of 13 May 2012. Looking at the … Continue reading

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Australia 200 – Short Term Sell

Today’s high in the index looks to me as though it could be forming part of a pattern resistance with potential for another move down to recent supports

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Australia 200 – Weekly Outlook

Last week’s price action gave us a clear break of the uptrend that had lasted over 3 months and yielded a peak to trough rally of 20%. This week, I outline some thoughts on what this trend break suggests for medium term trading strategy in light of a comparison … Continue reading

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Timing the Yen reversal with MACD

CAD: JPY looks like a chart with potential for a major correction. Faced with an uptrend that’s been the proverbial freight (or perhaps bullet) train it would seem prudent not to take it on just yet. That said, the obvious supports are a long way below the market at … Continue reading

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Australia 200 – Weekly Outlook

As I write this blog, the index is testing trend line support, with a bearish double top formation potentially in play. Economic statistics may be the driving force this week as investors hunker down to the task of assessing the extent of the damage (if … Continue reading

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Copper – Sell on break below triangle support

Copper’s steep decline over the past 2 weeks has brought it to a critical level. A clear move below trend line support here would mean a break out of a well established triangle. Weakness in the Asian session today puts a break during the London … Continue reading

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EUR: JPY – Head and Shoulder

It’s very early days yet but the 4 hour chart is starting to show promise as a head and shoulder reversal pattern. Given the big picture shark pattern, that DV34 has been keeping us up to date with in his … Continue reading

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Buy Platinum: Sell Gold – pairs trade update

On 21 November, I posted a blog outlining some thoughts on the possibility of platinum outperforming gold. The entry strategy discussed was triggered in late January. In recent days platinum broke above resistance and last night, jumped sharply. I thought now might be the time for a follow … Continue reading

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Australia 200 – Weekly Outlook

As we enter a new trading week, I’ve posted some thoughts on how the share market might respond to this week’s news and the upcoming reporting season plus how all this relates to the current chart position.

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Apple – thoughts on the long term chart outlook

One of the most notable features of the current market landscape is Apple’s 37% decline since September while the broad US SPX Index CFD has risen 3.5% over the same period. We’ve had a lot of client interest in the outlook for Apple so … Continue reading

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