Daniel_Thompson

Daniel_Thompson

The NAS100 daily candlesticks are trading in their bullish channel between the upper blue and red bands. Yesterday's candle has a lower shadow, connoting buying off the lows. The hourly chart also showing signs of strength. The trend-following EMAs have crossed up, and it looks as if the momentum-based stochastic is about to follow suit (black ellipses). If it...

Daniel_Thompson

The Dow lost roughly 100 points on Friday while the S&P 500 was trading virtually flat as mounting concerns that further interest rate hikes will drag the US economy into a recession continued to spook investors. The tech-heavy Nasdaq 100, however, outperformed by rising 1%, with Netflix up almost 7% after reporting stronger-than-expected subscriber numbers. So...

Daniel_Thompson

As the ECB (European Central Bank) embarked on a journey to tame price pressures through restrictive monetary policy, Dax futures fell before rebounding off the October 2022 low of 11,829. In the wake of the Covid-19 pandemic, Dax futures experienced a historic move along with many of its major counterparts.

Daniel_Thompson

#NZDJPY reversed from key support level 81.35 • Likely to rise to resistance level 82.60 NZDJPY currency pair recently reversed up from the key support level 81.35 (which is the lower border of the wide sideways price range inside which the pair has been moving from September). The support level 81.35 was further strengthened by the lower daily Bollinger...

Daniel_Thompson

#WaveAnalysis #Nikkei225 reversed from key support level 25695.00 • Likely to rise to resistance level 26500.00 Nikkei 225 index recently reversed up from the key support level 25695.00 (which has been repeatedly reversing this index from last May). The upward reversal from the support level 25695.00 continues the active long-term upward impulse wave ③, which...

Daniel_Thompson

jump right now, some spike action on CPI. upwards movement for a short time may turn into long term buys, keep watching for price rejection. at the moment we chasing new highs

Daniel_Thompson

Our pivot point is at 93.28. Our preference: target 92.07. Alternative scenario: above 93.28, look for 93.71 and 93.96. Comment: the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (93.15) but above its 50 period moving...

Daniel_Thompson

1.5429 is our pivot point. Our preference: as long as 1.5429 is support look for 1.5629. Alternative scenario: the downside breakout of 1.5429 would call for 1.5360 and 1.5319. Comment: the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is below its 20 period moving average (1.5496) but above its 50...

Daniel_Thompson

Our pivot point is at 0.9918. Our preference: the upside prevails as long as 0.9918 is support. Alternative scenario: below 0.9918, expect 0.9879 and 0.9857. Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.9926 and 0.9910)

Daniel_Thompson

Our pivot point stands at 0.9767. Our preference: the downside prevails as long as 0.9767 is resistance. Alternative scenario: above 0.9767, look for 0.9804 and 0.9825. Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving...

Daniel_Thompson

Our pivot point stands at 161.65. Our preference: the downside prevails as long as 161.65 is resistance. Alternative scenario: the upside breakout of 161.65, would call for 162.66 and 163.27. Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period...

Daniel_Thompson

Our pivot point stands at 0.6391. Our preference: the downside prevails as long as 0.6391 is resistance. Alternative scenario: the upside breakout of 0.6391, would call for 0.6434 and 0.6460. Comment: the RSI is below 30. It could either mean that the pair is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in...

Daniel_Thompson

142.08 is our pivot point. Our preference: the downside prevails as long as 142.08 is resistance. Alternative scenario: above 142.08, look for 142.75 and 143.14. Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving...

Daniel_Thompson

Our pivot point is at 0.5630. Our preference: the downside prevails as long as 0.5630 is resistance. Alternative scenario: the upside breakout of 0.5630, would call for 0.5668 and 0.5691. Comment: the RSI is trading below 30. This could mean that either the pair is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for...

Daniel_Thompson

Pivot: 1.3490 Our preference: short positions below 1.3490 with targets at 1.3410 & 1.3380 in extension. Alternative scenario: above 1.3490 look for further upside with 1.3545 & 1.3600 as targets. Comment: the RSI is mixed to bearish.

Daniel_Thompson

Our pivot point stands at 0.8748. Our preference: the downside prevails as long as 0.8748 is resistance. Alternative scenario: above 0.8748, look for 0.8772 and 0.8786. Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving...

Daniel_Thompson

Our pivot point is at 95.22. Our preference: the downside prevails as long as 95.22 is resistance. Alternative scenario: the upside breakout of 95.22, would call for 95.60 and 95.82. Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average...

Daniel_Thompson

Our pivot point is at 141.67. Our preference: the downside prevails as long as 141.67 is resistance. Alternative scenario: the upside breakout of 141.67, would call for 142.29 and 142.66. Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and...