Asia Pacific indices

Australia 200 has broken out over 5,255 while its RSI has moved decisively back above 50 to confirm momentum has turned positive. Next potential prior high tests appear near 5,335 then 5,385.

Japan 225 continues to attract renewed interest rallying up off of 14,565, up through 14,830 both Fibonacci levels and taking a run at 14,900 with next potential retracement resistance near 15,130. RSI climbing toward 50 suggests change in momentum potentially underway.

HongKong 43 is starting to recover from a recent selloff retaking 21,800 a Fibonacci level, then breaching the 22,000 big number barrier. RSI climbing toward 50 where a breakout would confirm a positive change in momentum. Next Fibonacci resistance appears near 22,360.

China A50 is breaking out today, clearing 6,880 to complete a base while RSI breakout over 50 confirms momentum has turned positive. 7,000 looms as an initial test followed by a measured 7,180.

India 50 continues to consolidate in the 5,960 to 6,100 range with RSI suggesting downward pressure easing.

Singapore 30 continues to trade above 3,000 and appears to be climbing but still needs the RSI to retake 50 to confirm an upturn. Next Fibonacci resistance possible near 3,090 if successful.

US Indices

US30 is climbing today, breaking out over 15,830 a Fibonacci level and taking a run at the 16,000 big number barrier. RSI breakout over 50 confirms the upswing and indicates momentum turning positive. Next upside Fibonacci test appears near 16,130.

SPX500 is breaking out today, clearing 1,800 retesting it as new support and driving on toward 1,815. RSI now above 50 and rising indicates upward momentum building. Next potential resistance appears near 1,835.

 

UK and European indices

UK 100 is rallying today, breaking through 6,600 while RSI drives up through 50 to confirm an upturn in momentum. Next potential upside resistance tests appear near 6,725 then 6,875.

Germany 30 is breaking out to the upside once again with the index clearing a Fibonacci level near 9,400 and rallying to test 9,500 with RSI retaking 50 to confirm an upswing in momentum. Upside resistance appears near 9,610 then 9,800.

France 40 is at a potential turning point testing 4,300 which could set the stage for an advance on the 52-week high near 4,350 or complete the right shoulder of an H&S top. RSI back above 50and climbing suggests upward momentum building.

Italy 40 has resumed its upswing today the RSI above 50 and rising indicating upward momentum building. Currently near 19,900 a retest of 20,000 appears possible with next resistance after that near 20,160.

Spain 35 is consolidating recent gains above 10,000 and 9,875 a Fibonacci level. RSI holding 50 confirms momentum turning positive with upside resistance possible near 10,120 then 10.220.

Commodities

Gold is breaking out of an ascending triangle today, clearing $1,275 which it retested as new support before driving on toward $1,290. RSI above 50 and rising indicates upward momentum building. Next potential resistance appears near $1,300 then $1,322, a Fibonacci level.

Silver is trading near $20.00 once again as it continues to consolidate near the middle of a $19.20 to $20.60 trading channel.

Copper has bounced up off of $3.22 support with RSI still under 50, remains vulnerable to a retest of the $3.18-$3.20 support zone with initial upside resistance near $3.28.

US Crude continues to test $100.00, a big psychological hurdle but remains supported above $99.40 its Fibonacci breakout point. RSI levelling off near prior highs suggests it may be due for some consolidation with next support near $98.55.

UK crude was unable to retake $110.00 resistance and has dropped back to test $109.00 with next Fibonacci support after that in place near $106.80. RSI has stalled in the 40-60 area suggesting broader momentum stuck in neutral.

Natural Gas has found some support near $4.65 stopping its free fall for now. It appears to be moving into a $4.60 to $4.90 trading channel between two Fibonacci levels. RSI sliding under 50 suggests momentum turning downward.

 

FX

NZDUSD has broken out of a downswing and rallied to test Fibonacci resistance near $0.8340 with channel resistance in place in the $0.8400 to $0.8420 zone. RSI back above 50 and rising suggests upward momentum building again.

AUDNZD is consolidating between $1.0755 and $1.0920 which not only are Fibonacci levels but also represent the shoulders and neckline of an H&S base. RSI above 50 and rising indicates upward momentum building.

AUDUSD appears to be trying to break out of a saucer bottom trading above $0.9000. A move through $0.9090 would confirm the start of an uptrend with next Fibonacci resistance possible near $0.9255. RSI above 50 and rising indicates upward momentum accelerating.

USDJPY is starting to climb with the pair establishing 102.00 as new support and RSI breaking out of a downtrend to suggest an upturn in momentum. Next potential Fibonacci resistance appears near 103.35

EURJPY is testing Fibonacci resistance near 140.25 as it attempted to break out of a downtrend. RSI near 50 suggests momentum may be turning positive. Next potential tests on a breakout appear near 141.40 then 142.40.

USDSGD continues to consolidate in the $1.2660 to $1.2700 zone following a recent downdraft. RSI remains under 50 suggesting broader downward momentum still intact with next potential support near $1.2630 then $1.2600 and resistance near $1,2750..

USDCNH is showing signs of base building and a potential rebound. The pair has been forming an ascending triangle between 6.0200 and 6.045 with next potential resistance near 6.0600 or 6.0810. RSI near 50 suggests momentum poised to turn positive.