TriumphFX – Indices Update – April, May & June 2022


Previous analysis… https://analysis.tfxi.com/2022/01/05/triumphfx-indices-analysis-january-february-march-2022/

ASX 200 (Australian Stock Index – AUS200) – Daily Chart – Indecision. Potential downside?

AUS200 Daily Chart

As suggested in our last ASX chart analysis, price has been indecisive and has reversed around 7625.

The AUS200 is looking choppy and is lacking trend direction. Price is indecisive. The daily moving averages have crossed bearish and are widening, signalling that the ASX could move lower and potentially downtrend. On the weekly time-frame though, price is clearly up-trending and is simply in a retrace move – suggesting that AUS200 could swing higher. The ASX is providing mixed signals.

Trading opportunities may exist around the dynamic resistance of the moving averages and around any of the identified horizontal levels at 6500, 6650, 6850, 7000, 7300, 7470 and 7625.

If peace talks between Russia and Ukraine continue to progress, the AUS200 could move higher. On the contrary, if war escalates, price may move lower.

CAC (French Stock Index – FRA40) – Daily Chart – Possible indecision?

FRA40 Daily Chart

Price has been bearish.

The FRA40 was clearly up-trending within a bullish channel but recent price action has been bearish. The CAC has swung below the bullish channel support area and has formed a swing lower. The daily moving averages are tightening and are moving sideways, suggesting market indecision. FRA40 may struggle to swing higher, due to the amount of technical resistance.

Trading opportunities could exist around the moving averages, around the support and resistance areas of the previous bullish channel and around any of the horizontal levels at 5400, 5700, 6300, 6450, 6650, 6875, 7175 and 7325.

If peace talks between Russia and Ukraine continue to progress, the CAC may move higher. On the contrary, if war escalates, price may move lower.

IBEX 35 (Spanish Stock Index – ES35) – Daily Chart – Down-trending

ES35 Daily Chart

As suggested in our last analysis, ES35 has been bearish and has swung lower.

IBEX has formed a series of lower swing highs and lower swing lows – the ES35 is down-trending. The daily moving averages suggest that the downside direction could continue – they are bearish and steady. Price is also down-trending on higher time-frames.

Selling opportunities may exist around the dynamic resistance of the moving averages, around the trend resistance area and around any of the horizontal levels at 8250, 8875, 9175 and 9325. A bearish move could stall or reverse around the horizontal levels at 7725, 7500, 7000 and 6300.

If peace talks between Russia and Ukraine continue to progress, the IBEX may move higher. On the contrary, if war escalates, price could move lower.

AEX (Netherlands Stock Index – N25) – Daily Chart – Market indecision? A bearish move lower?

N25 Daily Chart

N25 has been bearish.

On the daily time-frame, price action has formed a series of lower swing highs and lower swing lows, creating a clear downtrend. Price is up-trending on higher time-frames though and is simply in a retrace move. The daily moving averages are crossing, suggesting market indecision or more potential downside.

Shorting opportunities could exist around the trend resistance area, around the dynamic resistance of the moving averages and around the horizontal levels at 720, 750, 800 and 825. A bearish move may stall or reverse around 650, 575 and 525.

If peace talks between Russia and Ukraine continue to progress, the AEX may move higher. On the contrary, if war escalates, price could move lower.

STOXX (European Stock Index – EU50) – Daily Chart – Potential downside off resistance?

EU50 Daily Chart

As suggested in our previous stock index analysis, price was rejected and reversed around 4400.

EU50 has since been bearish. Price action has formed a large bearish move below key support levels, suggesting that STOXX could struggle to swing higher. The moving averages are becoming bearish, signalling that the downside momentum could continue. Price is up-trending on higher time-frames though and is currently in a retrace phase, signalling a potential move higher.

Opportunities to go short may exist around the daily moving averages, around the diagonal resistance area and around the horizontal levels at 3900, 4000, 4250 and 4400. A bearish move could find support around 3425 and 3300.

If peace talks between Russia and Ukraine continue to progress, Eurostoxx may move higher. On the contrary, if war escalates, price could move lower.

FTSE 100 (UK Stock Index – UK100) – Daily Chart – Indecision? Possible range?

UK100 Daily Chart

Price was bullish and has reversed off 6890, as suggested in our previous analysis.

UK100 was up-trending but price action has recently been bearish and has formed a lower swing low. The FTSE100 is now looking indecisive. The moving averages confirm the market indecision – they are tightening and are moving sideways. Price may start ranging between 6850 and 7650.

Trading opportunities could exist around the support and resistance areas of the range and if UK100 moves out of the range (break-out trade). Trading opportunities may also exist around the moving averages and around the horizontal levels at 6350, 7025 and 7375.

If peace talks between Russia and Ukraine continue to progress, the FTSE may move higher. On the contrary, if war escalates, price could move lower.

Nikkei 225 (Japanese Stock Index – JP225) – Daily Chart – Down-trending

JP225 Daily Chart

As suggested in our last Nikkei analysis, the JP225 closed below the horizontal channel support area and has since been bearish.

The Nikkei has formed a long series of lower swing highs and lower swing lows – price is down-trending. JP225 is currently in a retrace move. The moving averages suggest that the downtrend could continue – they are bearish and widening. Price action has formed a bearish channel.

Selling opportunities may exist around the bearish channel resistance area, around the dynamic resistance of the moving averages and around the horizontal levels at 26550, 27550, 27850, 29400 and 29900. A bearish move could find support around 24850 and around the bearish channel support area.

If peace talks between Russia and Ukraine continue to progress, the Nikkei may move higher. On the contrary, if war escalates, price could move lower.

Dow Jones 30 (US Stock Index – US30) – Daily Chart – Indecision?

US30 Daily Chart

US30 reversed around the bullish channel resistance area, as suggested in our last index chart analysis.

Price has since been bearish and has now formed a bearish channel. The moving averages have crossed bearish, suggesting further potential downside. Overall though, the Dow Jones is looking indecisive. On higher time-frames, price continues to uptrend, suggesting a potential bullish move.

Trading opportunities could exist around the moving averages, around the bearish channel support and resistance areas and around any of the horizontal levels at 29800, 30850, 32100, 32650, 33850, 34150, 35800, 36400 and 36750.

If peace talks between Russia and Ukraine continue to progress, the Dow may move higher. On the contrary, if war escalates, price could move lower.

S&P 500 (US Stock Index – US500) – Daily Chart – Market indecision?

US500 Daily Chart

Price has been bearish.

The S&P500 has been bearish and has now formed a short series of lower swing highs and lower swing lows. The moving averages are becoming bearish, suggesting further potential downside. Overall though, US500 is looking indecisive. On higher time-frames, price continues to uptrend, suggesting a potential bullish move.

Trading opportunities could exist around the moving averages and around any of the identified horizontal levels at 3680, 3760, 3950, 4060, 4150, 4300, 4585, 4720 and 4800.

If peace talks between Russia and Ukraine continue to progress, the US500 may move higher. On the contrary, if war escalates, price could move lower.

NASDAQ 100 (US Tech Stock Index – UST100) – Daily Chart – Further potential downside?

UST100 Daily Chart

UST100 has been very bearish.

Price was up-trending within a large bullish channel but NASDAQ has been bearish and has swung below the channel support area. The downside move has been stronger on the UST100 compared to it’s counterparts (the S&P and the Dow), suggesting that price could have a harder time to swing higher. The moving averages have crossed bearish, signalling potential further downside.

Selling opportunities may exist around the bearish moving averages and around any of the horizontal levels at 14270, 14500, 15125 and 15675. A bearish move could be rejected or reverse around 13025 and 12375.

If peace talks between Russia and Ukraine continue to progress, the Nasdaq may move higher. On the contrary, if war escalates, price could move lower.

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