A look at Dollar Index DXY, EURUSD, AUDUSD, NZDUSD, GBPUSD, WTI and XAUUSD. A common theme - a turning point could be showing up soon seeing how these pairs might be at support.
October 2017, Singapore STI up 154.17 pts or 4.79%. Keppel Corp best performer up 15.56%. Jardine Strategic worst. 26 stocks advance, 3 decline, 1 flat.
XLP fell out of a 9-year trend line after printing a Head and Shoulders bearish reversal pattern. This could be a real break. XLP and XLRE are leading indicators of stock market bearishness.
SiMSCI follows a 30-month cycle between late 2006 to present according to this chart. If true, local stock market is reaching a top soon followed by a bottom by end of 2018.
A EURUSD illustration of the choices forex traders got to make prior to a highly anticipated high impact news - which one will you pick? Do you have a consistent approach? Which choice delivers better performance over time?
There is a a big 300-pip space below the current EURUSD price pattern until the next most-looked-for potential support. This might or might not happen but could be really rewarding for EURUSD shorts if it does.
AUD and NZD pairs show recurring, high probability levels on weekly charts, and have a lot of significance because of duration and number of hits.