Tag Archives: RSI

Morning Technical Notes – Tuesday 14 May

Today’s wrap and technical outlook for indices, commodities and currencies from CMC’s head of analysis for North America, Colin Cieszynski

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Sell Australia 200 on Failure

At an index Price to Earnings ratio between 19 and 20 times, I’m looking for sell signals in the Australia 200 index. The failure at resistance this morning has tipped me in:

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Copper Clears Overbought

Many traders watch copper as an indicator of industrial sentiment, informing their trading of “risk” assets generally, and particularly resource and industrial shares, commodity currencies (eg AUD, CAD) and oil. Copper started an uptrend on 21 December, peaking on the … Continue reading

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Macquarie Group setup – Building Stocahstic and RSI into strategy.

This post continues the theme of discussing emerging trade set ups using the oscillator techniques outlined in the video I posted on 26th October

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RSI, MACD or Stochastic – which one to use and when

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Silver – close to triggering a double top sell

Precious metals have struggled to move past the highs reached just after QE3. It remains to be seen whether they are going to break out of current chart formations with a continuation of the strong uptrend leading into QE3 or with a corrective decline. However, the rallies … Continue reading

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Companies Week – Resmed keeping divergence traders awake

We try as much as possible to discuss potential chart setups on the blog rather than ones that are completed or already under way. The idea is to show things as they really happen, win lose or draw. One consequence of this of course, is … Continue reading

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Weakening momentum in Aussie Dollar pairs – potential for reversal

Most of the Aussie charts look to be at a potential inflection point at the moment. Dave Land’s earlier post on the Aussie against the Euro is a great example. Risk markets are pausing. Having adjusted for the possibility of ECB bond buying and better … Continue reading

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Fosters at a potential bullish turning point

After the week that the markets have seen globally it’s nice to talk about something looking potentially bullish. Today that stock is Fosters (FGL). I should say from the outset that this is quite a preliminary look at the chart … Continue reading

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BHP hits bottom end of daily channel

Good morning everyone, anyone who watches the Australian market will be an avid watcher of BHP Billiton shares. Given the huge amount of the index that it makes up it’s a key company because it can genuinely move the market. … Continue reading

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