Quick Technical Overview: Technical Targets for Hang Seng Index - intra-day/daily breakout with bullish reversal
H4 price broke 100 SMA/200 SMA reversal area once once again after Brexit brekdown on Friday: the price broke 200 SMA to above for the primary bullish market condition. Price is testing 21.001 resistance level to above for the bullish trend to be continuing with 21,160 resistance as a nearest bullish target.
Daily price was almost recovered: price broke 200 SMA with 21,001 resistance to be tested for 21,160 bullish target.
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Sergey Golubev, 2016.07.12 08:41
Foreign Exchange post-Brexit Vote - China's Economy: Between a Rock and a Hard Place (based on the article)
Daily price is located above Ichimoku cloud and Senkou Span line which is the virtual border between the primary bearish and the primary bullish trend on the chart.
Strength indicator is still estimating the ranging condition so there are 3 main scenarios for the price movement for the year:
Hang Seng Index (HSI) Technical Analysis: new daily resistance on the way to the bullish continuation
Daily price is continuing with the primary bullish trend with new 'top' to be formed for the bullish trend to be continuing. The price is located within the following support/resistance levels:
Strength indicator is estimating the ranging bullish condition, and
Span line is located above the price for the primary bullish trend to be continuing in the future.
If D1 price breaks 21,558
support level on close bar so the local downtrend as the secondary correction within the primary bullish market condition will be started.If D1 price breaks 22,087
resistance level on close bar so the bullish trend will be continuing.If not so the price will be on ranging within the levels.
SUMMARY : bullish
Hang Seng Index: End Of Week Technicals - secondary correction is going to be started
This trading week ended with some interesting results so let's describe some of the interesting moments for HSI.------------------
D1 price and H4 price are located on the bullish area of the chart with the ranging within key narrow s/r levels. The secondary correction is going to be started if the price breaks 21,841 support level to below on close bar with 21,666 target to re-enter, otherwise - ranging bullish trend will be continuing.
Chinkou Span line is located above the price indicating the correction to be started in the near future for both timeframes, and Absolute Strength indicator is estimating the local downtrend in the secondary ranging way within the primary bullish market condition.
If H4 price breaks 21,841
support level on close bar so the local downtrend as a secondary correction within the primary bullish market condition will be started with 21,666 target to re-enter.If H4 price breaks 22.324
resistance level on close bar from below to above so the primary bullish trend will be resumed.If not so the price will be on ranging bullish within the levels.
price is located near and below 100 period SMA (100 SMA) and 200 period SMA (200
SMA) for the secondary bear market rally with the possible bullish reversal. Price is located to be
within the following key support/resistance levels:
Ascending triangle pattern was formed by the price to be broken to above for the possible bullish reversal to be started in the future.
Hang Seng Index (HSI): End Of Week Technicals - Bullish Ranging With Narrow Levels
This trading week ended with some results concerning HSI so, let's describe some of the interesting moments.---------
D1 price is on primary bullish market condition with the ranging to be started yesterday: the price is located within 23,207 resistance level and 22,953 support level. Price is testing 22,953 support to below for the ranging area to be expanded.
is on bullish condition located within s/r levels with the secondary ranging trend to be started:
If H4 price breaks 23,207 resistance level so the primary bullish trend will be resumed.If H4 price breaks 22,754 support so the local downtrend as the secondary correction within the primary bullish trend will be started.If H4 price breaks 22,120 support so we may see the bearish reversal to be started for the intra-day price movement.If not so the price will be ranging within the levels.
Sergey Golubev, 2016.08.27 12:09
Stocks end mostly lower after Yellen speech (adapted from the article)
"Major U.S. indexes initially climbed after a speech by Fed Chair Janet
Yellen that was bullish on the economy but gave no timetable for future
rate increases. Then investors began to have second thoughts, wondering
if an increase was possible as early as next month, and buyers turned to
"The S&P 500 slipped 3.43 points, or 0.2 percent, to 2,169.04. The
Dow Jones industrial average fell 53.01 points, or 0.3 percent, to
18,395.40. The Nasdaq composite rose 6.71 points, or 0.1 percent, to
"In Asia, Japan's Nikkei 225 fell 1.2 percent after consumer prices fell
the most in three years in July. Hong Kong's Hang Seng index rose 0.4
Hang Seng Index (HSI) Pivot Points Analysis - bullish weekly reversal
W1 price is on bear market rally to the bullish reversal: the price is breaking Central Yearly Pivot at 23,408.
Sergey Golubev, 2016.09.17 10:38
Weekly Outlook: 2016, September 18 - September 25 (based on the article)
The US dollar had a positive week, resisting unconvincing data. Now comes the biggest test: the Fed decision. In addition, we have US Building Permits, rate decisions in Japan and in New Zealand, as well as other events. These are the main events for this week.
Hang Seng Index (HSI): End Of Week Technicals - bullish continuation or the correction to the bearish reversal
This trading week is ended with some results concerning HSI: the price was continuing with the daily bullish condition and started to be ranging within narrow support/resistance levels for the direction of the bullish continuation or the correction to the bearish reversal.---------
D1 price is located to be above Ichimoku cloud for the primary bullish market condition with the ranging within the following s/r levels:
is on bullish within s/r levels with the secondary ranging market condition:
If H4 price breaks 24,087 resistance level so the primary bullish trend will be resumed with 24,376 possible bullish target.If H4 price breaks 23,393 support so the local downtrend as the secondary ranging correction within the primary bullish trend will be started.If H4 price breaks 23,207 support so we may see the bearish reversal to be started for this intra-day price movement.If not so the price will be ranging within the levels.