World Index Technical Analysis as on Thursday, October 08 2015

World Index Technical Analysis

European stocks edged higher on Wednesday. The benchmark Germany's DAX 30 gain 67.57 points higher to 9,970.40 and France's CAC 40 gain 6.70 and closed at 4,67.34. FTSE 100 also close at positive note 6,336.35 with net gain of 10.19 points. US markets rallied early on Wednesday, taking the lead from worldwide equity markets, the Dow Jones 30 hit its three month high level. The Dow Jones 30 gain 122.10 and closed at 16,912.29. The Nasdaq 100 was up by 42.80 points to 4,333.46 and the S&P 500 ended 15.91 points up at 1,995.83.

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World Index

Index	Value	Net Change
Dow30	16,912.29	+122.10
S&P500	1,995.83	+15.91
NASDAQ100	4333.46	+42.8
DAX 30	9,970.40	+67.57
FTSE100	6,336.35	+10.19
CAC 40	4,667.34	+6.70
Nikkei 225	18,151.46	-171.52
S&P/ASX200	5,212.60	+14.73
Hang Seng50	22,326.00	-189.76

Today's Chart: DAX 30

SUMMARY:

Major trend of DAX 30 is side on daily charts. It has accumulated strongly at the support of 9800 . It has breakout from triple bottom and now it is trading with neck line support of 9800. An upside movement in upcoming session is expected as it has also shown golden cross. Currently trading with support of 50 DMA and 200 DMA on hourly charts with bullish cross over of 50 DMA to its 200 DMA. On higher side it can test the level of 10,200, it manages to close above 9960. On lower side it has support level of 9800.

DAX30 Technical Chart

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 25 mark. If it sustain above the same then index would come in positive territory with positive DI has crossed up negative DI .

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                                                           Pivot Points

Index	FTSE 100	DAX 30	CAC 40	Dow Jones30	S&P 500
R3	6458.4	10225.54	4789.69	17193.7	2009.99
R2	6427.3	10159.32	4759.99	17078.5	2000.81
R1	6381.9	10064.86	4713.67	16995.4	1990.36
PIVOT	6350.8	9998.64	4683.97	16880.2	1981.18
S1	6305.4	9904.18	4637.65	16797.1	1970.73
S2	6274.3	9837.96	4607.95	16681.9	1961.55
S3	6228.9	9743.5	4561.63	16598.8	1951.1

Index	Nasdaq 100	S&P/ ASX200	Hang Seng 50	Nikkei 225
R3	4421.01	5276.8	23467	18323
R2	4381.8	5248.4	22997.4	18323
R1	4357.63	5207.9	22756.6	18323
PIVOT	4318.42	5179.5	22287	18323
S1	4294.25	5139	22046.2	18323
S2	4255.04	5110.6	21576.6	18323
S3	4230.87	5070.1	21335.8	18323

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

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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 . 

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.

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.

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UK Stock Market Technical Analysis

MARKET OVERVIEW

UK stock markets closed in the red for the first time in six days on Thursday after another Euro group meeting failed to result in a deal for Greece, leaving Athens one step closer to defaulting on its debts

The FTSE 100 ended the day in red by 36.98 points at 6807.82 If during the day market breaches the support level of 6750 on the downside after consolidation, then it can test the level of 6700 and the immediate resistance level is 6850.

SABMILLER PLC

UK Stock Pick of the Day

RECOMMENDATION BUY

TARGET 3475

The Major trend of SABMILLER PLC it is showing strength for buying .If it breaks the resistance level then one can initiate the buying position in the stock. If it breaks the level of 3445 then it can test resistance level for the target of 3475 with the stop loss of 3415

CHART FORMATION:-

Stock is trading in a range and trading near the trendline. Breaking the resistance line will lead to upside movement. Stock is trading above the 50 DMA with positive bias.

Technical Chart

INDICATORS:-

RSI is trading near to 62.29 level with positive bias, in upcoming session upside movement is expected.

MACD and Signal line is sustaining above the zero level line.

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UK Stock Market Technical Analysis Monday, July 27 2015

MARKET OVERVIEW

Far weaker than expected data on the US housing markets proved to be the proverbial straw that broke the camel's back on Friday, setting off another round of selling in stocks and commodities ahead of next week's US Federal Reserve policy meeting

The FTSE 100 ended the day in red by 75.20 points at 6579.81 But if during the day market breaches the support level of 6550 on the downside after consolidation, then it can test the level of 6500 and the immediate resistance level is 6600

RELX PLC GROUP 

 

RECOMMENDATION SELL

TARGET 1085

The Major trend of RELX PLC it is showing strength for selling .If it breaks the support level then one can initiate the selling position in the stock. If it breaks the level of 1096 then it can test support level for the target of 1085 with the stop loss of 1106

CHART FORMATION:-

Stock is trading in a range and trading near the trendline. Breaking the support line will lead to downside movement. Stock is trading below the 50 DMA with negetive bias.

INDICATORS:-

RSI is trading near to 38.22 level with negetive bias, in upcoming session downside movement is expected.

MACD and Signal line is sustaining below the zero level line.

AUD/NZD Technical Analysis and Forex Strategy for Monday, April 13 2015

AUD/NZD

RECOMMENDATION : BUY TARGET 1.0340

SUMMARY:-

The major trend of AUD/NZD is bearish but from past few weeks prices are not sustaining at lower levels & consolidating near the important level of 1.0230. Prices are taking resistance of falling trendline & consolidating with strong positive bias. If the pair breaks the important level of 1.0230 at upside then we can expect it to test the level of 1.0300/1.0340.

INDICATORS:-

RSI is sustaining in buying territory supporting the upcoming bullish trend in the pair. MACD is also sustaining above the zero line, indicating the up trend in the market.

Technical Chart

STRATEGY:- 

AUD/NZD has bounced back from the lower level & looking bullish on charts for next few session. One can go for buy on dips strategy for this pair for intra day to mid term positions.

Comex Signal Technical Analysis and Strategies for Wednesday, April 01 2015

Gold

Gold markets went back and forth during the session on yesterday, testing the 1180 level. This is an area which is important in this market as it was a support. We believe that the bounce from here will more than likely test the $1200 level next. On the other hand, if we break down below the bottom of the range for the Tuesday session, this market will more than likely head back down to the 1150 level.

Gold Technical Chart

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SILVER

The silver markets initially fell during the course of the day on yesterday, but struggled to keep the losses as the 16.50 level offered support. This is an area that has offered support and resistance both several times, and as a result it has affected the market again. The support resulted in turning the market around and forming a hammer, which is bullish. If we can break the top of this hammer, we believe that the market then heads to the 17.50 level given enough time. The 17.00 level will be a bit resistive but we feel that it will break above.

Silver Technical Chart

CRUDE

The light sweet crude market fell during the session on yesterday, testing the $47.50 level for support. The $47 level below that is supportive, but if we can break below there, we should see this market fall even lower and heading to the $45 level. The market has been very bearish, and this is a market that we think will sell off every time it rallies. The market should continue to fall based on not only upon the less demand, but also the rising value of the US Dollar. The $50 level above should be resistive. 

Crude Oil Technical Chart