2 overlays, 8 charts of EURUSD, AUDUSD, NZDUSD, USDJPY, USDCNH, GBPUSD. Discussion of relative strength between major currencies, rotational play as well as their trend, major support and resistance zones.
7 long term stock charts from 3 countries for mid to long term investors. EEM, XLRE, XLE, XLU, OCBC (O39.si), SPH (T39.si) and TVB (511.hk).
AUDSGD prints a high probability reversal pattern with a combination of multiple bullish features including 1) confluence of trend lines on weekly 2) W-shaped double bottom on daily chart 3) bullish expansion terminated previous week-week trend.
Look at NZDJPY which has potential to fall off a cliff and make a big move. SiMSCI could have topped with a very common reversal pattern. XAUUSD is also looking toppish and could turn out to be a disappointment to gold bulls.
Tencent analysis on weekly and daily time frame. Key features: double top chart pattern confirmed, no longer bouncing off 13-wema, 20-day and 50-day ema dead cross. Until 408 is recovered, this stock will terminate last 6 bulllish years and we will have to find out where bottom is.
Exercise caution with Straits Times Index and Hang Seng Index which are both painting potential reversal chart patterns on weekly time frame.
Support and resistance levels drawn based on End-Of-day Close (forex pairs based on GMT+3, XAUUSD GMT+2). Pairs are USDJPY, XAUUSD, NZDUSD, EURUSD, AUDUSD, USDSGD, USDCHF and USDCNH. Charts from MT4.