TriumphFX – Indices Analysis – January, February & March 2022


Previous analysis… https://analysis.tfxi.sc/2021/10/25/triumphfx-indices-analysis-october-november-december-2021/

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

AUS200/ASX Daily Chart

As suggested in our previous indices chart analysis, the uptrend has stalled and price has been moving sideways.

AUS200 is currently indecisive and is ranging between 7160 and 7625. The daily moving averages confirm the market indecision – they are tight and are moving sideways. If ASX closes above the range resistance area, price may start up-trending again.

Trading opportunities could exist around the support and resistance areas of the range and if price closes out of the range (break-out trade). A break to the downside may stall or reverse around any of the identified horizontal levels at 6885, 6660, 6515 and 6230. Trading opportunities could also exist around the horizontal level at 7470.

DAX (German Stock Index – DE30) – Daily Chart

DE30/DAX Daily Chart

Price has been indecisive and has been moving sideways, as suggested in our last stock index chart analysis.

DE30 was up-trending but is currently indecisive. The moving averages are tight and moving sideways – confirming the current indecision. Price action has formed a horizontal channel at 14900-16300 and the DAX is moving within the channel. If price closes above the horizontal channel, DE30 could start up-trending again.

Trading opportunities may exist around around the support and resistance areas of the horizontal channel and if price moves out of the channel (break-out trade). A break to the downside could find support around 14135, 13730, 13400 and 12325.

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

ES35/IBEX Daily Chart

IBEX35 has been bearish.

Price was indecisive but is now looking bearish. Price action has formed a lower swing low and a bearish channel, suggesting a potential downtrend. The daily moving averages continue to signal market indecision though – they are tight and moving sideways.

Opportunities to go short could exist around dynamic resistance of the moving averages, around the bearish channel resistance area and around any of the horizontal resistance levels at 9020, 9180 and 9320. A bearish move may be rejected or reverse around the channel support area and around the horizontal support levels at 8585, 8260, 8130, 7725, 7300 and 7010.

STOXX (European Stock Index – EU50) – Daily Chart

EU50/STOXX Daily Chart

As suggested in our last chart analysis, STOXX has been bullish and has formed a swing higher.

Price is clearly up-trending – price action has formed a long series of higher swing highs and higher swing lows. EU50 is currently approaching recent highs. The moving averages are bullish and steady, suggesting that the uptrend could continue.

Opportunities to go long may exist around the dynamic support of the moving averages, around the trend support area and around any of the horizontal levels at 4240, 4035, 3995, 3910, 3635 and 3450. A bullish move could be rejected or reverse around the recent swing high at 4400.

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

JP225/Nikkei Daily Chart

The JP225 reversed around the horizontal channel support area, as suggested in our previous Nikkei analysis.

Nikkei is indecisive and is clearly moving sideways. Price action has formed a clear horizontal channel at 27200-30600 and price is moving within the channel. The moving averages confirm the current indecision – they are tight and crossing frequently.

Trading opportunities could exist around the support and resistance areas of the horizontal channel and if price moves out of the channel (break-out trade).

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

UK100 Daily Chart

As suggested in our last indices analysis, the UK100 has been bullish.

The FTSE is clearly up-trending – price action has formed a series of higher swing highs and higher swing lows. Price is currently forming a swing higher. The UK100 has formed a bullish channel and the daily moving averages are bullish and steady, suggesting that the upside direction could continue.

Long opportunities may exist around the dynamic support of the moving averages, around the bullish channel support area and around any of the horizontal levels at 7385, 7190, 7015, 6890, 6805 and 6365. Price could find resistance around the bullish channel resistance area.

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

US30/Dow Jones Daily Chart

The Dow has been bullish and has been forming swings higher, as suggested in our last analysis.

Price is clearly up-trending and is currently formed a swing higher. Price action has formed a bullish channel. The US30 is testing the channel resistance area. The moving averages suggest that the uptrend may continue – they are bullish and steady.

Buying opportunities could exist around the dynamic support of the moving averages, around the bullish channel support area and around any of the horizontal levels at 36365, 35555, 34820, 34120, 33800, 33170, 32060 and 30845. The Dow Jones may reverse around the bullish channel resistance area.

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

US500/S&P500 Daily Chart

As suggested in our last S&P500 chart analysis, the US500 has been bullish and has climbed higher.

Price is clearly up-trending, just like some other stock indices. Price action has formed a bullish channel and the S&P500 is moving within the channel. The moving averages are bullish and steady, suggesting that the uptrend could continue.

Opportunities to go long may exist around the bullish channel support area, around the bullish moving averages and around the horizontal levels at 4720, 4530, 4265, 4150, 4065, 3950 and 3760. A bullish move could stall or reverse around the channel resistance area.

NASDAQ 100 (US Tech Stock Index – UST100) – Daily Chart

UT100/NASDAQ Daily Chart

Price has been bullish, as suggested in our last stock index chart analysis.

UST100 is up-trending and has recently formed a swing higher. Price is moving within a bullish channel. The NASDAQ is currently moving sideways though and has formed a tight range at 15680-16600. The moving averages are bullish and steady, suggesting that the uptrend may continue.

Long opportunities could exist around the dynamic support of the moving averages, around the bullish channel support area and around any of the horizontal levels at 15680, 14485, 14030, 13030 and 12365. A bullish move may find resistance around the range resistance area and around the bullish channel resistance area.

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