NASDAQ is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the index has support at approximately 14400 points. RSI diverges negatively against the price, which indicates danger of a reaction downwards. The index is overall assessed as technically positive for the medium long term.
Extended analysis
Toronto is in a rising trend channel in the medium long term. This shows that investors over time have bought the index at higher prices and indicates good development for the market. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the index has support at approximately 20640 points. The index is assessed as technically positive for the medium long term.
Extended analysis
Sydney has broken through the floor of a rising trend channel in the medium long term. This indicates a slower rising rate at first, or the start of a more horizontal development. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the index has support at approximately 7570 points. The index is assessed as technically positive for the medium long term.
Extended analysis
Investors have accepted lower prices over time to get out of Hong Kong - Hang Seng and the index is in a falling trend channel in the medium long term. Falling trends indicate that the market experiences negative development and falling buy interest among investors. The price has reacted back after a possible false break of the inverse head and shoulders formation. A decisive break up through 16738 will again give new positive signals to the index, while a break on the opposite side of the formation will be a strong negative signal. The index is approacing resistance at 17000 points, which may give a negative reaction. However, a break upwards through 17000 points will be a positive signal. The index is overall assessed as technically slightly negative for the medium long term.
Extended analysis
Nifty 50 is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. The index is approacing resistance at 22500 points, which may give a negative reaction. However, a break upwards through 22500 points will be a positive signal. The index is assessed as technically neutral for the medium long term.
Extended analysis
Investors have accepted lower prices over time to get out of Singapore - Straits Times and the index is in a falling trend channel in the medium long term. Falling trends indicate that the market experiences negative development and falling buy interest among investors. The index has broken an inverse head and shoulders formation. A decisive break, preferably with increasing volume, is considered a confident signal of the start of a rising trend. The index is testing resistance at points 3240. This could give a negative reaction, but an upward breakthrough of points 3240 means a positive signal. The RSI curve shows a rising trend, which is an early signal of a possible trend reversal upwards for the price as well. The index is overall assessed as technically neutral for the medium long term.
Extended analysis
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Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer.
The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.