Bearish trend continues in Crypto. We had highlighted the bearishness sometime back. Weekly charts had given a bearish MACD crossover sometime back. While the 30, 40 and 50 week moving averages are aligned, price is below them . The daily…
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Nifty ready for a breakout
Nifty has been consolidating for the last few weeks. It is a very difficult phase for index traders. Individual stocks have their own trending periods. Nifty now seems ready for a breakout. A break above 16,000 should set the stage…
Japanese Yen to Australian Dollar
Japanese Yen is a defensive currency. Any fear in the market and this appreciates. The Australian Dollar is a more risk on currency. See how during times of panic, this pair spikes. See the 2000-2002 crash, the 2008 crash and…
Breadth Update
A useful tool to analyse the market, is to check the breadth. It gives us a very good idea of market internals and what the broader market is doing. The chart shows that while SP500 has made higher highs, the…
US 10 Year yields showing some caution
US 10 year yields have broken down (see the orange horizontal line). In other words bonds are rallying and hence equities could face some pressure. However there is a stronger support below - see the blue horizontal line. This is…
