Asia Pacific indices
Australia 200 has resumed its uptrend, breaking through 5,900 having held 5,840 breakout point support once again. An overbought RSI and a negative divergence suggests rally getting overextended so it could encounter resistance near the 6,000 round number.
Japan 225 is breaking out today, decisively clearing 18,100 and driving on toward 18,250 with next resistance possible near the 18,500 round number. Support rises toward 18,070. RSI above 50 and rising indicates upward momentum increasing.
HongKong 43 is holding steady near 24,825 as it continues to rise within a 24,300 to 25,190 trading channel. Resistance may be emerging at a lower high near 24,900 for the index and 60 for the RSI indicating sideways momentum intact.
North American Indices
US30 is sitting on 18,000 as it continues to level off in the 17,900-18,100 zone near the top of a big trading channel. RSI levelling off near 60 indicates sideways momentum prevailing.
SPX500 continues to struggle with round number resistance at the 2,100 level. RSI levelling off indicates upward momentum running out of gas. Initial correction support near 2,080 then 2,065 with initial breakout resistance possible near a measured 2,115.
NDAQ100 is holding steady near 4,375 consolidating its recent breakout over 4,340 which has become new support. Next potential resistance near the 4,400 and 4,500 round numbers.
UK and European indices
UK 100 tried to break through 6,900 channel resistance but failed to hold above that level and dropped back slightly in what could be a bull trap peak. RSI steady near 60 indicates upward momentum levelling off. Next support in 6,800 then 6,725 with next resistance near the 7,000 round number.
Germany 30 is sending mixed signals. Higher lows in the index indicate accumulation as it advances in 11,000 round number and prior high resistance but RSI falling toward 50 indicates upward momentum slowing. Initial support near 10,750.
Gold is holding above $1,200 for now but remains below $1,215 where it broke uptrend and channel support yesterday. RSI under 50 and falling indicates downward pressure still growing. Next potential support near $1,175 on a breakdown.
Crude Oil WTI currently near $52.00 continues to bounce around in the upper half of a $45.00 to $55.00 trading channel while RSI bouncing between 50 and 60 suggests a consolidation phase underway within an emerging uptrend.
NZDUSD continues to rebound, trading above $0.7500 and advancing on $0.7590 with next Fibonacci resistance after that near $0.7825. RSI back above 50 and holding signals momentum turning upward.
AUDUSD continues to base build in a channel between $0.7615 and $0.7865 having completed a double bottom. RSI gaining on 50 indicates downward pressure easing. Next resistance on a breakout near the $0.8000 round number or $0.8060 a common 23% retracement of the previous downtrend.
USDJPY continues to encounter resistance at a lower high near 119.20 with more possible near the 120.00 round number. RSI momentum still sideways but a break of 50 would indicate a potential downturn. Initial support near 117.85 then 117.25 both Fibonacci levels.
EURJPY is trading between 134.40 and 136.80 consolidating recent gains. RSI testing 50 which could end with an upturn or a confirmation of the broader downtrend. Next resistance near 137.60 with next support near 132.00.