TriumphFX – Stock Indices Update – July, August & September 2021


Previous Analysis… https://analysis.dehuifx.com/2021/04/12/triumphfx-stock-indices-update-april-may-june-2021/

ASX 200 (Australian Stock Index – AUS200) – Daily Chart

AUS200 Daily Chart

As suggested in our last chart analysis, AUS200 reversed around 6885 and has since been bullish.

Price is clearly up-trending. ASX is moving within a large bullish channel and the moving averages are bullish and steady, all confirming the uptrend.

Opportunities to go long could exist around the dynamic support of the moving averages, around the bullish channel support area and around the horizontal levels at 7170, 6885, 6500 and 6235. A bullish move may be rejected or reverse around 7390 and around the bullish channel resistance area.

DAX (German Stock Index – DE30) – Daily Chart

DE30 Daily Chart

The DAX found support around the diagonal support area and has been bullish, as suggested in our last chart analysis.

Price continues to uptrend and be bullish. The moving averages are bullish and widening, signalling that the uptrend could continue.

Long opportunities may exist around the dynamic support of the moving averages, around the diagonal support areas and around the horizontal levels at 14880, 14140, 13730, 13400 and 11375. A bullish move could stall or reverse around the highs at 15780.

IBEX 35 (Spanish Stock Index – ES35) – Daily Chart

ES35 Daily Chart

As suggested in our last indices update, price has been finding support, on and off, around the daily moving averages.

ES35 is up-trending and is currently in a strong retrace move. The moving averages are bullish and steady, signalling that the uptrend may continue.

Buying opportunities could exist around the longer-term moving average, around the trend support area and around the horizontal levels at 8335, 7925 and 7660. A bullish move may find resistance around the shorter-term moving average and around the horizontal resistance levels at 9335 and 10060.

STOXX (European Stock Index – EU50) – Daily Chart

EU50 Daily Chart

Price reversed around 3865 and was bullish, as suggested in our last analysis.

The EU50 is clearly up-trending. Price is currently in a retrace move. STOXX is moving within a large bullish channel and the moving averages are bullish and widening, signalling that the uptrend could continue.

Opportunities to go long may exist around the dynamic support of the moving averages, around the bullish channel support area and around the horizontal levels at 3865, 3635, 3415, 3300 and 2905. A bullish move could find resistance around the recent highs at 4160 and around the bullish channel resistance area.

Nikkei 225 (Japanese Stock Index – JP225) – Daily Chart

JP225 Daily Chart

The Nikkei has been moving sideways.

JP225 is indecisive. The moving averages confirm the market indecision – they are tightening and are moving sideways. Price action has formed a bearish channel, suggesting potential downside.

Trading opportunities could exist around the moving averages, around the support and resistance areas of the bearish channel and around the horizontal levels at 23925, 27360, 29385 and 30360.

FTSE 100 (UK Stock Index – UK100) – Daily Chart

UK100 Daily Chart

As suggested in our last indices chart analysis, price has been finding resistance around 7130.

The FTSE continues to uptrend within a large bullish channel but is currently struggling with upside momentum. The moving averages are bullish and steady, signalling that the trend could continue.

Long opportunities may exist around the dynamic support of the moving averages, around the bullish channel support area and around the horizontal levels at 6340 and 5535. A bullish move could be rejected or reverse around 7170 and around the bullish channel resistance area.

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

US30 Daily Chart

Price has been finding support around the shorter-term moving average and has been bullish, as suggested in our last indices analysis.

The US30 is up-trending. The moving averages are bullish and steady, signalling that the uptrend may continue. The Dow is currently indecisive though and is moving within a horizontal channel at 33170-34985.

Trading opportunities may exist around the support and resistance areas of the channel and if price moves out of the channel (break-out trade). Buying opportunities may exist around the moving averages, around the trend support area and around the horizontal levels at 30845, 29115 and 26370.

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