Sunday, September 13, 2015

Indices short term support and resistance



Most indices are trade within ranges 23 Aug on weekly chart and some are forming symmetrical triangle, do monitor for break out or breakdown after US interest rate decision.
 
Australia
DT
Forming symmetrical triangle, resisted by TL1 and supported by TL6
Potential resistance around 5,138, 5,266, 5,316 and 5,463
Potential support around 5,025, 4,833, 4,696 and 4,601


Japan
Daily DT, Weekly UT
Forming symmetrical triangle, resisted by TL5 and supported by TL6
Potential resistance around 18,565, 19,092, 19,740 and 20,052
Potential support around 17,890, 17,328, 16,581 and 15,418

Hong Kong
DT
Range bound between 22,409 and 20,011
Potential resistance around 21,682, 22,409 and 23,969
Potential support around 21,080, 20,011, 19,073 and 18,051

Hong Kong China H-Shares
DT
Resisted by TL1, if recent low 9,006 is broken and close below for 2-3 days may see testing new low
Potential resistance around  10,182, 10,711, 11,080 and 11,366
Potential support around 9,658, 9,195, 8,637, 8,102 and 6,727

UK
DT
Broke lhf on weekly chart but unable to hold and closed below pwh.
If can close above TL3 for 2-3 days may see more upside
Potential resistance around 6,297, 6,429, 6,578 and 6,809
Potential support around 6,125, 6,070, 6,010, 5,894 and 5,637

Germany
Daily DT, Weekly UT
Similiar to UK, broke lhf on weekly chart and closing failed to stay above pwh.
Immediate resistance TL6 and 10,653, more upside if can close above TL6 for 2-3 days
Potential resistance around 10,272, 10,653, 10,930 and 11,147
Potential support around  9,924, 9,679, 9,468 and 9,216

India
Daily DT, Weekly Neutral
Resisted by DT upper channel, more upside if can close above DT channel for 2-3 days
Potential resistance around 7,812, 7,929, 7,991 and 8,085
Potential support around 7,538, 7,417 and 7,216


Key event to watch out  (SG Time)
15 Sep, Tue

  • 1630 GBP CPI (YoY) (Aug)
  • 1700 EUR German ZEW Economic Sentiment (Sep)
  • 2030 USD Core Retail Sales (MoM) (Aug) 
  • 2030 USD Retail Sales (MoM) (Aug) 
16 Sep, Wed
  • 1630 GBP Average Earnings Index +Bonus (Jul)
  • 1630 GBP Claimant Count Change (Aug)   
  • 1700 EUR CPI (YoY) (Aug)
  • 2030 USD Core CPI (MoM) (Aug)
17 Sep, Thu
  • India Holiday
  • 0645 NZD GDP (QoQ) (Q2)
  • 1630 GBP Retail Sales (MoM) (Aug)
  • 2030 USD Building Permits (Aug)
  • 2200 USD Philadelphia Fed Manufacturing Index (Sep)
18 Sep, Fri
  • 0200 FOMC Economic Projections,  FOMC Statement 
  • 0200 Fed Chair Yellen Speaks   
  • 0200 Fed Interest Rate Decision
  • 2030 CAD Core CPI (MoM) (Aug)

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