USD:CNH Double Top or Break Out

Overnight USD strength has pushed USD/CNH to an inflection point at the open of CNH trading today. The direction the currency pair takes from here could set the tone for the days and weeks ahead: A pull back from these levels would make a double top on the daily chart, suggesting downside potential – especially […]

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Chart Signals – Friday, Feb 27

Asia Pacific indices Australia 200 continues to fall back from 5,955 resistance with more possible near the 6,000 round number. A lower high near 5,930 combined with RSI rolling back under 70 from overbought suggest a near-term correction getting underway with next potential support near 5,835. Japan 225 came within striking distance of 19,000 before […]

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Chart Signals – Weds, February 25

Asia Pacific indices Australia 200 is bumping up against 5,950 where a breakout would signal the start of a new upleg that could challenge 6,000 or a measured 6,070. RSI still overbought suggests it may need a pause or correction  at some point but maybe not quite yet. Japan 225 is breaking out today, clearing […]

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Multiple Market Trends

From Trade with Precision: In this week’s Technical Insights Craig takes you through FX, Indices and a number of commodities that are currently trending. There is a fair bit in this video which is a reflection of the great trading conditions at the moment.

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Chart Signals – Tuesday, Feb 24

Asia Pacific indices Australia 200 continues to consolidate recent gains between 5,835 and 5,955 as it works off an overbought RSI. A symmetrical triangle of higher lows and lower highs indicates a pause underway within an ongoing uptrend. Japan 225 has levelled off near 18,500 to digest and consolidate recent gains with next measured resistance […]

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Chart Signals – Monday, Feb 23

Asia Pacific indices Australia 200 continues to struggle with resistance near 5,955 with more possible near the 6,000 round number. It may need to continue digesting recent gains and working off an overbought RSI in the short term. Initial support near 5,900 then 5,800. Japan 225 keeps on flying higher, clearing 18,500 while support rises […]

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AUD/NZD Parity Party

Australians and New Zealanders share a special love/hate relationship, and at the moment there’s a lot of trans-Tasman Sea chat about the potential for a parity party. In Auckland and Wellington, they’re chilling the champagne in anticipation of Kiwi strength taking the pair to levels not seen since 1997. NZ’s high quality agricultural exports and […]

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Chart Signals – Friday, Feb 20

Asia Pacific indices A doji candle in Australia 200 suggests that its recent advance may be starting to run out of gas just short of the 6,000 big round number. An overbought RSI and a negative divergence suggest a correction possible with initial support near 5,900 then 5,840. Japan 225 keeps advancing and building on […]

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Chart Signals – Thursday, Feb 19

Asia Pacific indices Australia 200 has resumed its uptrend, breaking through 5,900 having held 5,840 breakout point support once again. An overbought RSI and a negative divergence suggests rally getting overextended so it could encounter resistance near the 6,000 round number. Japan 225 is breaking out today, decisively clearing 18,100 and driving on toward 18,250 […]

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Chart Signals – Weds, Feb 18

Asia Pacific indices Australia 200 has successfully retested its recent 5,840 breakout point as support, keeping its uptrend intact but an overbought RSI suggests it may need to consolidate more below 5,930 prior high or 6,000 round number resistance. Japan 225 is trying to break out today, clearing 18,100 to signal a new upleg but […]

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