Mower's short cuts. ASX @ 5373 (+69) Looked just a short a week ago. Now just a long. It is finally above EMA lines, just. They and MACD have not fully crossed up, but close. Been choppy with no trend for 2 weeks.
FTSE 6603 (+84) Choppy like others. MACD has crossed up but still trading just above EMA 10, and below EMA 20 & 30. (not crossed up yet) Still in down trend technically but I think shaping as a long. As with all markets the Russia/Ukraine situation seems to be having a bearing, some more than others. Germany DAX 30 @9573 (+291) All up trend here. (2 weeks) RSI @ 60. Next res around 9680. Very different chart to FTSE?? A long way (170) above EMA 10. Could come back a bit but no sign of trend end.
DOW @ 16316 (+23) Sideways range trading last 2 weeks. As a result all indicators are inconclusive. That res at 16400/500 is proving to strong. Last candle a hammer after hitting the 16400 level and retracing. Could go either way..of course!
China 50 @ 6672. (-3)Sideways with small ranges all week. It looks to be setting up for a run long. It has been at or above EMA 10 & 20 all week. Perhaps that 6 month down trend is over? Yes GK, not much variation all week The take will not suit you. Good luck though.
Japan @ 14753 (+432) Looks a classic entry. Moved through the EMA lines after MACD crossed up. Last time it showed these signs It got to res at 15200+.
