Daily Technicals: Bonds, Commodities, Forex
Eddie Tofpik | Apr 09, 2018 09:47
EURUSD
Just about a key reversal up and a bullish engulfing pattern …plus we may be on for a pipe bottom…however…there’s limited follow on so far…as a byline…we’ve not yet had a close below the broken nov 2017-to-date uptrend.
CABLE
Bullish Engulfing Pattern With A Small Follow On Today.
EURGBP
Just about a key reversal down and also a bearish engulfing pattern…though we did not close below the important 38.2% fib at 0.8708…a small follow on today.
USDJPY
A bearish harami and a possible pipe top…though we’ve no follow through today so far…please be aware of the weekly key reversal up two weeks ago.
AUSSIE DOLLAR
Get The App
An indecisive spinning top pattern as the market continues to work between the overhead resistance of the important 50% fib at 0.7730 and the support of the combined lows and fibs between 0.7635 – 0.7640.
NYMEX CRUDE FUTURES
A follow on to the previously mentioned bearish doji star with a bearish engulfing pattern and bearish long black marubozo…it’s the first close back below the key recent 50% fib at 62.38…we’ve also tested the feb-to-date uptrend (currently 61.83)…we’re doing that today as well….though seemingly with limited success so far.
FTSE FUTURES
An indecisive doji cross…possibly a very small indecisive spinning top pattern.
DAX FUTURES
An indecisive spinning top but also the second close over the recent 50% fib at 12 151…today we’re back over the feb-to-date downtrend (currently 12 264).
S&P FUTURES
The market failed to overcome the combined 50% fib resistance level 2663 – 2665 and tested back down…even as far as below the long ma (currently 2595)…but did not close below it…today we’ve opened up a little over the support but not moving towards the resistance so far.
GILT FUTURES
A bullish harami but we still have an unfilled gap above the market…we still seem to have an overhang of resistance based on two 50% fibs at 123.33 and 123.68…the medium ma (currently 123.46)…and the upper tine of the sep – dec 2017 schiff pitchfork (currently 123.55).
BUND FUTURES
A follow on to the previous bullish hammer and a first close over the upper tine of the recent schiff pitchfork (currently 159.12)…the market has in the past sought comfort and proximity near the gradually descending middle tine of the sep – dec 2017 schiff pitchfork (currently 158.74)…it is currently still using this as support.
U.S. BOND FUTURES
After recently holding well at the key 50% fib support at 144.24 we’ve then formed a bullish engulfing pattern… though no follow through today.
LME 3 MONTH Copper
The Market Still Seems To Be Using The Middle Tine (Currently 6635) Of The Dec 2017 – Feb 2018 Andrews Pitchfork As The Bearish Angle Of Attack Of The Market….The Upper Tine Resistance Of The Same Is Currently At 6916…However…It Is Also Using The Long Ma (Currently 6734) As Near Term…And Quite Good…Support…A Battle Between Both These Longer Term Pressures Is Seemingly Ensuing…On The Weekly Chart We’ve An Indecisve Spining Top Pattern.
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.
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.