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Posts tagged “Moving average

Gold Could Dip to Support Below 1580


By Jamie Saettele,

26 July 2011 15:15 GMT

300 Minute Bars

eliottWaves_gold_2_body_gold.png, Gold Could Dip to Support Below 1580

Prepared by Jamie Saettele, CMT

Focus remains on the long term (multiyear) trendline, which is at 1681 this week (increases about $5 a week). A traditional measuring technique reveals a longer term objective of 1692.05 (adding width of consolidation to breakout level). Short term momentum considerations (divergence) and the latest rally possibly being from a triangle warn of a drop into support from current levels. Support is 1575 and 1555.


Morning Briefing


Express Morning Briefing Market Summary ( 13 / 5 / 2011 )

HSI Support : 23000 Resistance : 23500 CEI Support : 12800 Resistance : 13070 Market opens higher as the scenario improves. Hang Seng Index bounced dramatically as money worked in the market. After a dramatic rebound, Hang Seng Index closed higher. It eventually finished at 23276, up 203 points. The turnover of HSI Constituents is $19.7 billion as the total market turnover is $65.0 billion. Recent rallies will probably be short-lived if the turnover of HSI Constituents remains thin. By Technical Analysis, 10-day moving average is now at 23387. 50-day moving average is at 23467. It stays in a typical consolidation as it hovers below 50-day moving average. In the meantime, RSI-14 is 43. It hovers below the 50-mark level, which suggests to staying on weak side. Analyzing the medium-term market trend, the previous low ( 29/3/2011 ) is at 22965 while the recent high ( 8/4/2011 ) is 24468. Measuring from the recent high, Fibonacci 0.618 retracement is now at 23539. Meanwhile, it hovers below the 0.618 retracement, and stays in a typical consolidation. The range of HSI is likely between 23000 and 23500 in coming days. In the meantime, CEI finally ended at 12894, up 98 points. In the major cycle market movement, the long-term high ( 8/11/2010 ) is 14219 as the recent low ( 11/2/2011 ) is at 11929. Measuring from the recent low, Fibonacci 0.382 retracement is 12803. 0.500 rebound from the bottom is 13074. It recoups the 0.382 retracement, and noses 0.5 retracement. The range of CEI is likely between 12800 and 13070 in near term.


Market Review AS dan Eropa


Market Review AS & Eropa
Euro menguat untuk 5 sesi berturut-turut, menyentuh level tinggi 5 bulan yang baru terhadap dollar setelah investor dapat mengatasi kecemasan prospek euro dan mendorong euro menembus level teknikal penting dalam ekspektasi kenaikan suku bunga zona Eropa, menurut Monex. Harga emas masih terdukung setelah penurunan mingguan ketiga emas menarik investor untuk melakukan aksi beli. Harga minyak turun dibawah $88 per barel, menembus level support penting, mendapat tekanan dari banyaknya persediaan mengalahkan harapan membaiknya perekonomian akan mendongkrak permintaan minyak tahun ini. Data ekonomi hari ini adalah CPI Australia, keputusan suku bunga BOJ, GDP dan public sector borrowing dari Inggris, CB consumer confidence, HPI, Richmond Fed manufacturing Index, dan juga earnings dari Johnson & Johnson, 3M, Travelers, Verizon, dan Yahoo! dari AS. Nikkei diperkirakan bergerak dalam kisaran 10,400-10.480.
EUR/USD closing 1.3637, high 1.3686, low 1.3540, XAUUSD C:1333.65, H: 1352.95, L:1333,65 CO-LS C: 87.72, H: 89.63, L: 87.27.

 

English version:

The euro climbed to fifth straight session, touching the level of the new 5-month high against the dollar after investors can cope with anxiety the prospect of the euro and push the euro through important technical levels on expectations of eurozone interest rate hikes, according to Monex. Gold prices are still supported after the third weekly decline attract investors to gold buying. Oil prices fell below $ 88 per barrel, passing through important support levels, under pressure from many stocks beat expectations economic recovery will boost oil demand this year. Economic data today is the Australian CPI, BOJ interest rate decision, the GDP and public sector borrowing from the UK, CB consumer confidence, HPI, Richmond Fed Manufacturing Index, as well as earnings from Johnson & Johnson, 3M, Travelers, Verizon, and Yahoo from U.S.. The Nikkei is expected to move within the range of 10.400 to 10,480.
EUR / USD closing 1.3637, 1.3686 high, low 1.3540, XAUUSD C: 1333.65 H: 1352.95, L: 1333.65 CO-LS C: 87.72, H: 89.63, L: 87.27.

 


HSI : Gagal ke 23900 = Sinyal Retrace


6 Januari 2011   11:00

 

Indeks Hang Seng (HSI) bertengger kokoh di level penguatannya saat ini terutama berkat sentimen yang positif investor setelah data menunjukkan tenaga kerja sektor swasta meningkat tajam di Amerika Serikat sehingga mengangkat Wall Street.
Lonjakan angka tenaga kerja swasta dan pesatnya pertumbuhan sektor non-manufaktur A.S dalam 4-tahun terakhir (hingga Desember), juga membantu membatasi harga komoditi yang sempat merosot dan membebani pasar dunia kemarin.
Namun secara teknikal bias dari indeks Hang Seng terlihat berpotensi merosot seperti yang ditunjukkan MACD pada grafik berikut, dan indikator stochastic yang overbought juga mengindikasikan potensi koreksi bearish. Break dibawah 23700 (support terdekat) dapat memicu koreksi bearish lanjutan menuju area 23600. Sementara resisten terdekat ada pada 23900, break diatas area ini adalah sinyal bullish menuju area 24015.
Resistance Level : 23900, 24015, 24145
Support Level : 23700, 23600, 23460
Trading Range : 23600 – 24000
Trend : Berpotensi Koreksi
Grafik Indeks Hang Seng