Blog Posts - Pullback



S&P 500 and FTSE 100 charts (Dec 16 '16): bulls pause to catch their breath

S&P 500 index chart patternThe following remarks appeared in last week's post on the daily bar chart pattern of S&P 500: "... all three daily technical indicators are inside their overbought zones. Another corrective move may be in the o...

S&P 500 and FTSE 100 charts (Dec 09 '16): bulls rule once again

S&P 500 index chart patternThe following were the concluding comments in last week's post on the daily bar chart pattern of S&P 500: "Some more correction to test support from the rising 20 day EMA can't be ruled out. However, the index shoul...

GBPUSD 25 Agustus: Pullback & Di Bawah 1.3200

GBP/USD pullback pada hari ini (Kamis 25/08) setelah tiga hari berturut-turut bergerak lebih tinggi dimana pound kehilangan momentum karena investor menunggu rilis data GDP Inggris dan AS serta pidato Yellen di Jackson Hole yang dijadwalkan besok...
by berita-fx on Aug 25, 2016

WTI and Brent Crude Oil charts: end of short-squeeze rallies?

WTI Crude Oil chartThe 'V' shaped rally on the daily chart pattern of WTI Crude Oil surged past the 49 level before correcting and closing below 47.50. Shorts got squeezed after OPEC's announcement of a meeting in end-Sept. '16 to discuss a...

WTI and Brent Crude Oil charts: short covering rallies on OPEC output freeze speculation

WTI Crude Oil chartThe daily bar chart pattern of WTI Crude Oil formed a 'rounding top' reversal pattern (clearly visible on the 20 day and 50 day EMAs) during the past three months, and corrected below all three EMAs into bear territory.The fol...

Gold and Silver charts: bulls bounce back after post-BrExit corrections

Gold chart patternThe following remarks were made in the previous post on the daily bar chart pattern of Gold: "BrExit concerns have receded. That doesn't mean gold's price can't move even higher. It may take a little time."Gold's price slipped below...

WTI and Brent Crude Oil charts: slip back into bear territories

WTI Crude Oil chartThe following remarks were made in the previous post on the daily bar chart pattern of WTI Crude Oil: "Daily technical indicators are in bearish zones and showing downward momentum - suggesting a possible break below the 200 day EM...

Gold and Silver charts: surge ahead on BrExit tailwind

Gold chart patternThe daily bar chart pattern of Gold had formed a 'reversal day' bar on Jun 16 with good volume support. That had triggered a correction that found support from the rising 50 day EMA on Jun 23.The unexpected result of the BrExit...

BSE Sensex and NSE Nifty index charts – Jun 24, 2016

Global stock markets plummeted after UK voters decided to exit from the European Union by a 52%-48% margin. Interestingly, Scotland and Northern Ireland voted for 'BRemain' while England and Wales voted for 'BrExit'.That may open the door for Scotlan...

Polling Terbaru Brexit Tunjukkan Persaingan Suara Ketat, GBP/USD Pullback Di Sesi AS

Jelang referendum Inggris Kamis 23 Juni, polling terbaru yang dirilis kemarin menunjukkan persaingan suara yang cukup ketat antara rakyat Inggris yang ingin meninggalkan Uni Eropa dengan yang ingin tetap bertahan. GBP/USD pullback atau terkoreksi tu...
by berita-fx on Jun 21, 2016

Nifty chart: a midweek update (Jun 01 '16)

For the month of May 2016, FIIs were net sellers of equity worth less than Rs 200 Crores, as per provisional figures. DIIs were net buyers of equity worth an impressive Rs 7100 Crores. Nifty gained more than 300 points (about 4%) on a monthly closing...

BSE Sensex and NSE Nifty index chart patterns – May 27, 2016

During the past week, FIIs were net buyers of equity worth Rs 675 Crores, as per provisional figures. DIIs were also net buyers of equity worth more than Rs 1900 Crores - thanks to regular inflows into mutual funds.Shorts were badly trapped in F&...

Gold and Silver charts: bulls taking charge after long bear dominance

Gold chart patternAfter a sharp rally into bull territory from its Dec '15 low, the daily bar chart pattern of Gold had been consolidating sideways for the past two months within a 'symmetrical triangle' pattern.Triangles tend to be unreliable p...

WTI and Brent Crude Oil charts: an update

WTI Crude Oil chartThe following remark was made in the previous post on the daily bar chart pattern of WTI Crude oil: "Even if oil's price crosses above its 200 day EMA, the strong resistance zone between 42-44 will be more difficult to overcom...

Nifty chart: a midweek update (Apr 20 '16)

WPI inflation in Mar '16 was -0.85% against -0.91% in Feb '16. It was the 17th straight month of deflation, thanks to lower fuel prices. Exports were down 5.5% in Mar '16 - falling for the 16th month in a row.Q4 (Mar '16) results have started hitting...

Stock Index Chart Patterns: S&P 500 and FTSE 100 – Apr 15, 2016

S&P 500 index chartThe daily bar chart pattern of S&P 500 shows that bulls were able to overcome another attempt by bears to stall the sharp rally from the Feb '16 low.After a short pause in a sideways consolidation between 2040 and 2060...

GBPUSD Anjlok Setelah Data Inggris, EURUSD Pullback Setelah Jobs Data AS

Poundsterling tergelincir lebih rendah terhadap Dolar pada hari ini setelah rilis data yang menunjukkan bahwa aktivitas manufaktur di Inggris berekspansi dengan kecepatan yang lebih rendah. Rilis data AS yang cukup positif pada malam ini semakin memb...
by berita-fx on Apr 1, 2016

Stock Index Chart Patterns: S&P 500 and FTSE 100 – Mar 18, 2016

S&P 500 index chartThe daily bar chart pattern of S&P 500 shows a pullback towards the 200 day EMA during the first two days of the week, which was used by bulls to buy. The index surged past the 2050 level intra-day with stron...

Gold and Silver charts: long-term bear markets coming to an end?

Gold chart patternThe following comments were made in the previous post on the daily bar chart pattern of Gold: "All three daily technical indicators are looking extremely overbought, which can lead to a price pullback towards the 1180 - 1200 zone. B...

Stock Index Chart Patterns: S&P 500 and FTSE 100 – Mar 04, 2016

S&P 500 index chartAfter closing below the 50 day EMA on the first day of the week, the daily bar chart pattern of S&P 500 resumed its rally and crossed briefly above its 200 day EMA for the first time in more than 2 months on Fri. Mar 4...


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