Tag Archives: trendline

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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German 30 and US Non Farm Payroll – old support might be new resistance

As so often happens, a lot of markets have reached key technical levels in the run up to the US jobs numbers tonight (Australian time). For traders using technical analysis, this has the advantage of providing a logical place to position a … Continue reading

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German 30 looks a head and shoulder prospect

The long term Dax chart looks to be one of those situations where a steep trend has been broken with the prospect of a move down to support at a longer term more conservatively angled trend line. Against that background, the daily chart is forming a … Continue reading

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Copper at support

Housing starts have averaged 761,000pa in the US over the past 6 months. That’s up a healthy 24% on the 612,000 starts in 2011. New dwellings are a major source of demand for copper and with China’s economic growth showing signs forming a base around current levels, the … Continue reading

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Australia 200 and UK 100 – poised to peak

The next couple of days look could be important for the outlook on index markets. The Australia 200 made a high at a significant Fibonacci cluster yesterday. A close under yesterday’s low could set up for a decent decline. The UK 100 is one of the most popular … Continue reading

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Australia 200 – reaches a key resistance but has “false break” potential

The Australia 200 index arrived at a well established resistance line today. A break through the top of this would look bullish but there is an interesting Fibonacci cluster zone just above this resistance. These situations can often provide Fibonacci traders with … Continue reading

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Euro losing …. the race to the bottom

Coming into the final turn the USD has streaked ahead and has a 3 length lead over the Euro with gold bringing up the tail in the race to the bottom. Odd as this is I can hardly remember the … Continue reading

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And now for something completely different – US Equity Chart Setups

Whilst a number of these make it to the Message Board I don’t often put them into blogs but I thought today I would put a couple in and see what sort of interest there is for them – so … Continue reading

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Posted in Market, Shares, Stocks, Trading | Tagged , , , , , , | 2 Comments