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from our Market Analysts

Mid Week Bonanza

Craig takes you through his favourite trends right now in this week’s Technical Insights video. Watch and see exactly what he is looking for over the coming hours and days within these strongly trending markets

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NZDUSD chart review

The downtrend in the NZDUSD chart has behaved in text book fashion, ending right on cue and now beginning to correct. Once trends get in sync with chart theory they often continue in this fashion, throwing up trading opportunities

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Australia 200 Index – Get on Up

Overnight action in shares and commodities suggest the worst of the China fears are receding. Although the Chinese share market is largely insulated from international investors, and responds more to policy changes than economic fundamentals, many outside China took the sell off as a signal of a worsening economic situation. After eight (!) responses from […]

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Chart Signals – Weds, July 29

Asia Pacific indices Australia 200 continues to climb up off a higher low near 5,500, clearing 5,600 and driving on toward 5,625 with next potential resistance at a Fibonacci cluster in the 5,655 to 5,670 zone then 5,720. RSI back above 50 confirms momentum turning upward. Japan 225 is bouncing around between 20,000 and 20,500 […]

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Chart Signals – Tuesday, July 28

Asia Pacific indices Australia 200 is trading near 5,555 as it bounces around in a channel between 5,400 and 5,725. RSI bouncing around 50 confirms sideways momentum. Initial support and resistance near 5,540 and 5,570. Japan 225 has fallen to within striking distance of 20,000 and 19,925 a 23% retracement and channel bottom while resistance […]

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Bearish RSI Divergence – GBPCAD

GBPCAD is showing early signs of potentially bearish RSI divergence. This could see a pull back into the zone of the 10  and 20 day moving averages but the overall market map suggests a more significant downward correction is also possible if this divergence is confirmed.

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The Week Ahead – July 27

Chief market strategist Michael McCarthy talks with Bloomberg’s Yvonne Mann about US earnings, the upcoming Fed statement and this week’s potential big movers.    

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Sell an “M” Reversal in USD

Conventional wisdom is that the USD will continue to strengthen as the first Fed rate hike approaches. However: Markets rarely go anywhere in a straight line The US Dollar index is up 4% over the last 5 weeks, and more than 20% since February 2014 Some of the most profitable technical trades go against the […]

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Another capitulation phase for oil prices?

Commodity bear markets have a couple of common characteristics Prices often fall further and stay weaker for a lot longer than most expect because producers tend to hang on for a lot longer than anticipated Temporary bouts of optimism provide corrective rallies along the way. This scenario fits the oil market at the moment. Opec […]

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Chart Signals – Friday, July 24

Asia Pacific indices Australia 200 continues to retreat within its 5,400 to 5,700 trading channel falling toward the midpoint and Fibonacci support near 5,555 with its next downside tests after that near 5,500 then 5,445. RSI testing 50 where a break would confirm the downturn. Japan 225 is holding steady near 20,600 but with resistance […]

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