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Early Morning Technicals: FX, Metals, Bonds, Stocks

By Eddie TofpikCurrenciesMar 15, 2018 09:55
uk.investing.com/analysis/daily-technicals-for-thursday-the-15th-of-march-2018-200200457
Early Morning Technicals: FX, Metals, Bonds, Stocks
By Eddie Tofpik   |  Mar 15, 2018 09:55
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EURUSD

A small bearish black crow with a second consecutive close over the recent 50% fib at 1.2358…just…but was capped by the feb-to-date downtrend (currently 1.2407)…this is now a threepointer.

EURUSD
EURUSD

CABLE

Cable
Cable

A second close up over the 2018 downtrend (currently 1.3908) but with an indecisive doji cross…at the moment we’re still being held down by the recent 38.2% fib at 1.4003.

EURGBP

EURGBP
EURGBP

No follow on to the small bullish harami as the market once again turned lower and tested the combination of ‘ma’ and uptrend support around the medium ma (currently 0.8847)…it’s doing that today as well.

USDJPY

USDJPY
USDJPY

Yet another test lower as the market is seemingly running down the outside…and wrong side…of the recently broken but still key jan-to-date downtrend (currently 106.03)…that trendline had been running the market this whole year and is still acting as if it is…below we have the steadily advancing 2016-to-date uptrend (currently 104.43)…watch this one.

AUSSIE DOLLAR

AUSSIE DOLLAR
AUSSIE DOLLAR

The market tried up to the overhead resistance… combined around the 0.7922 area of the very recent 50% fib and the middle tine of the may – dec 2017 schiff pitchfork…i’ve concerns that recent action might be a bearish stick sandwich pattern…no follow through yet.

NYMEX CRUDE FUTURES

NYMEX CRUDE FUTURES
NYMEX CRUDE FUTURES

An indecisive spinning top.

FTSE FUTURES

FTSE FUTURES
FTSE FUTURES

A small bullish white soldier…almost an indecisive spininng top…that’s currently resting just above the important recent 50% fib at 7090.

DAX Futures

DAX FUTURES
DAX FUTURES

We’ve retested the key recent 50% fib support at 12 161 and found it competent…today we’ve opened higher.

S&P Futures

S&P FUTURES
S&P FUTURES

As indicated yesterday…with the recent gap this was starting to look like an island reversal…well…yesterday we followed on lower with a bearish opening long black marubozo...we halted at the recent 38.2% fib at 2745…still cautionary on this one .

GILT FUTURES

GILT FUTURES
GILT FUTURES

The market chose to interpret the previous day’s action as a bullish opening white marubozo rather than a bearish shooting star pattern and we formed a bullish open and close long white marubozo…we’re now basically over all recent bearish pitchforks which had been pressing down on the market…they are now negated…the market now seems to look at the mar high at 123.01 and the congestion around 123.68 from the declining medium ma (currently 123.75) and the 2015 – 2016 50% fib at 123.68.

BUND FUTURES

BUND FUTURES
BUND FUTURES

A third bullish white soldier as the market carries on up from the recent bullish double and pipe bottom…it still seems to seek comfort and proximity near the gradually descending middle tine of the sep – dec 2017 schiff pitchfork (currently 159.20)…we’ve currently halted at the bearish middle tine of the dec 2017 – feb 2018 schiff pitchfork (currently 157.91).

U.S. BOND FUTURES

U.S. BOND FUTURES
U.S. BOND FUTURES

A third bullish white soldier…we potentially have a shallow ‘v’ bottom on the daily chart.

LME 3 MONTH COPPER

LME 3 MONTH COPPER
LME 3 MONTH COPPER

A bullish white soldier…possibly also a bearish shooting star as we closed over the medium ma (currently 6966) but below the recent 50% fib at 6993…today we’ve started between those two levels…again.

Disclaimer: ADM Investor Services International Limited is authorised and regulated by The Financial Conduct Authority. Member of The London Stock Exchange. Registered office: 4th Floor Millennium Bridge House, 2 Lambeth Hill, London EC4V 3TT. Registered in England No. 2547805 a subsidiary of Archer Daniels Midland Company. Risk Warning: Investments in Equities, CFDs, Futures, Options, Derivatives and Foreign Exchange can fluctuate in value, investors should therefore be aware that they may not realise the initial amount invested, and indeed may incur additional liabilities.

These Investments may entail above average financial risk of loss, and investors should therefore carefully consider whether their financial circumstances and investment experience permit them to invest and, if necessary, seek the advice of an independent Financial Advisor. Some services described are not available to certain customers due to regulatory constraints either in the United Kingdom or elsewhere. © 2014 ADM Investor Services International Limited 2014.

Early Morning Technicals: FX, Metals, Bonds, Stocks
 

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