Tuesday 15 September 2015

Technical Analysis of World Indices for Tuesday, September 15 2015


European stocks ended mostly lower on Monday as soft Chinese data over the weekend. France's CAC 40 was down by 30.57 points to 4,518.15 and Germany's DAX 30 ended on flat note at 10,131.74 with minor gain of 8.18 points. FTSE 100 also close at negative note 6,084.59, with net loss of 33.17 points. US stocks retreated on Monday as investors remained jittery ahead of the all-important Federal Reserve meeting later this week. The Dow Jones 30 ending down by 62.11 points to 16,30.96. The Nasdaq 100 lost 16.06 points to 4,308.76 and the S&P 500 was also down by 8.02 points to 1,953.03. Asian markets are trading on mix today after disappointing China factory data fueled worries about the country's flagging economy. Hang Seng 50 is down by 43.90 points to 21,518, ASX200 is down by 43.90 points to 5,025.20. Nikkei 225 was only Index which manage to trade on positive note at 18,112.13 with net gain of 146.43 points.



Index
Value
Net Change
Dow30
16,370.96
-62.13
S&P500
1,953.03
-8.02
NASDAQ100
4,308.76
-16.6
DAX 30
10,131.74
+8.18
FTSE100
6,084.59
-33.17
CAC 40
4,518.15
-30.57
Nikkei 225
18,112.13
+146.43
S&P/ASX200
5,025.20
-71.27
Hang Seng50
21,518.00
-43.90




Pivot Points


Index FTSE 100 DAX 30 CAC 40 Dow Jones30
S&P
500
Nasdaq
100
S&P/
ASX200
Hang Seng50 Nikkei 225
R3
6,288.9 10,350.3 4,669.94 16,557.6 1,976.09 4,372.38 5,193.1 22,056.0 18,650.5
R2
6,240.3 10,287.8 4,644.27 16,504.3 1,969.58 4,353.66 5,162.8 21,909.1 18,497.3
R1
6,162.5 10,209.8 4,596.49 16,437.6 1,961.30 4,331.21 5,129.6 21,735.5 18,231.5
PIVOT
6,113.9 10,147.3 4,570.82 16,384.3 1,954.79 4,312.49 5,099.3 21,588.6 18,078.3
S1
6,036.1 10,069.3 4,523.04 16,317.6 1,946.51 4,290.04 5,066.1 21,415.0 17,812.5
S2
5,987.5 10,006.8 4,497.37 16,264.3 1,940.00 4,271.32 5,035.8 21,268.1 17,659.3
S3
5,909.7 9,928.8 4,449.59 16,197.6 1,931.72 4,248.87 5,002.6 21,094.5 17,393.5





Today's Chart: Dow Jones 30 ( 1 Hourly chart)

TECHNICAL ANALYSIS:



Major trend of Dow Jones 30 is side on daily charts. It has accumulated strongly at the support of 16,200 support. An upside movement in upcoming session is expected. It has been forming an ascending triangle and it has given closing above 50 DMA and 200 DMA on hourly charts. Appearance of golden cross of 50 DMA over 200 DMA would indicate good buying opportunity in this Index. On lower side it has support level of 16,100. On higher side if it managed to upside break out from 16,500 then it can test next resistance level of 16,800.

INDICATOR:-
RSI is about to cross up the 50 mark on hourly chart time frame. On ADX is likely to move up with strong accumulation on chart. ADX trading above 35 mark. If it sustain above the same then index would come in positive territory with positive DI has crossed up negative DI . 

Tuesday 1 September 2015

GBP/JPY Technical Analysis for Today


Technical Analysis :
GBP/JPY is having sideways secondary trend  on charts. In its hourly chart, the pair is not sustaining at higher levels and consolidating with strong negative bias to give break out at downside. Its 30 and 200 DMA are also supporting the upcoming bearish trend in the pair. It is facing an important support at the level of 185.30. If it breaks its support level at downside then we can expect it show further bearish movement in the pair.

Indicators
MACD is sustaining in selling territory indicating the upcoming bearish trend in the pair.

GBP/JPY Technical Analysis


Trading Strategy: GBP/JPY is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions.