Gold has been one of the standout performers during 2020, rising from around $1500 an ounce to a whopping $2075 an ounce in August. However, with the precious metal having broken out of previous all-time…
FTSE 100 Technical Analysis Report 8 April, 2021
• FTSE 100 broke key resistance level 6810.00 • Likely to reach resistance level 7000.00 FTSE 100 index continues to rise steadily after the recent breakout of the key resistance level 6810.00 (which has been…
FTSE 100 Technical Analysis Report 03 December, 2020
FTSE 100 reversed from key support level 6290.00 Likely to test resistance level 6525.00 FTSE 100 index recently reversed up with the daily Japanese candlesticks reversal pattern Bullish Engulfing from the support areal located between…
FTSE 100 Technical Analysis Report 11 November, 2020
FTSE 100 broke resistance level 6295.00 Likely to rise to 6500.00 FTSE 100 continues to rise steadily after the index broke sharply above the resistance level 6295.00 (which was set as the buy target in…
UK100 Technical Analysis Report 09 November, 2020
UK100 broke multiple resistance levels Likely to rise to 6295.00 UK100 continues to rises strongly after the index previously broke through a series of consecutive resistance levels - the resistance trendline of the daily down…
Trend Line Breakouts Across Euro, US Dollar &…
Last week: The heightened volatility and risk-off sentiment helped deliver a number of trend line breakout trades from charts profiled in my last weekend's analysis. These include a 530 pip breakout move on the AUD/JPY, a 450 pip breakout move…
Tsunami Thursday – VIX Spikes 40%, Risk FX…
Summary: Fear and risk aversion reigned in financial markets as the coronavirus spread overwhelmed global efforts to contain it, hitting like a tsunami. Stocks dropped the most since the 1987 “Black Monday” market crash. The…
MARKET WRAP: Worst two-day decline in two years,…
We’ve now had two seismic daily declines on global stock markets. Short term traders may well choose to grit their teeth for a short-covering rally but we’re getting the impression institutional investors are materially reassessing…
MARKET WRAP: Worst Two-day Decline in Two Years,…
[caption id="attachment_363361" align="alignleft" width="300"] FTSE 100 Declines[/caption] We’ve now had two seismic daily declines on global stock markets. Short term traders may well choose to grit their teeth for a short-covering rally but we’re getting…
