Sunday, August 30, 2015

Indices short term support and resistance

Australia
DT
Tested 4,833 support level and rebounded.  A new Diff is formed and resisted by TL1 and 5,316
Potential resistance around 5,316, 5,463 and 5,528
Potential support around 5,138, 5,266, 5,025 and 4,833

Japan
Daily DT, Weekly UT
Fri broke Mon dh, need to monitor for next few days whether it is a false break.
Potential resistance around 19,740, 20,052 and 20,619
Potential support around  19,092, 18,565, 17,890 and 17,328

Hong Kong
DT
Wed to Fri are inside day of Tue, with new Diff is formed. Resisted by TL2 and 22,409.
Potential resistance around 22,409, 23,969 and 24,892
Potential support around 21,682, 21,080 and 20,011

Hong Kong China H-Shares
Daily DT, Weekly Neutral
Similiar to HK, Wed to Fri are inside day of Tue.
Potential resistance around 10,182, 10,711 and 11,080
Potential support around 9,658, 9,195 and 8,637

UK
DT
Broke down from trend channel on Mon and recovered on Tue.  New diff is formed, break out of Diff and Thu dh. TL4 and TL1 will be resistance, more upside if can closed above these 2 resistance for 2-3 days.
Potential resistance around 6,297, 6,429 and 6,578
Potential support around 6,125, 6,070, 6,010 and 5,894

Germany
Daily DT, Weekly UT
After closing below TL3  on Tue, Germany gap down on Wed, broke 2 support levels and trend channel.  Nearly test the long term trend support (white color) and rebounded.  Thu tested trend channel support (now become resistance), if next few days unable to overcome, may see testing the long term trend support
Potential resistance around 10,653, 10,930 and 11,147
Potential support around 10,272, 9,924, 9,679, 9,468 and 9,216

India
Daily DT, Weekly Neutral
Back to DT trend channel for few days and rebound.  Trend channel resistance (around 7,929) will be the support for more upside.
Potential resistance around 8,223, 8,085, 8,435 and 8,578
Potential support around 7,991, 7,929, 7,812 and 7,538

Key event to watch out  (SG Time)

31 Aug, Mon
  • UK Summer Bank Holiday
  • Malaysia National Day
  • 1700 EUR CPI (YoY) (Aug)
01 Sep, Tue
  • 0900 CNY Manufacturing PMI (Aug)
  • 0945 CNY Caixin Manufacturing PMI (Aug)  
  • 1230 AUD Interest Rate Decision (Sep)
  • 1555 German Manufacturing PMI (Aug)
  • 1555 German Unemployment Change (Aug)
  • 1630 GBP Manufacturing PMI (Aug)
  • 2030 CAD GDP (MoM) (Jun)
  • 2200 US ISM Manufacturing PMI (Aug)
02 Sep, Wed
  • 0930 AUD GDP (QoQ) (Q2)
  • 0930 AUD GDP (YoY) (Q2)
  • 1630 GBP Construction PMI (Aug)
  • 2030 US ADP Nonfarm Employment Change (Aug)
03 Sep, Thu
  • China Victory Day
  • 0930 AUD Retail Sales (MoM) (Jul)
  • 1630 GBP Services PMI (Aug)
  • 1945 EUR Interest Rate Decision (Sep) 
  • 2200 US ISM Non-Manufacturing PMI (Aug) 
04 Sep, Fri
  • China Victory Day
  • 2030 US Nonfarm Payrolls (Aug)
  • 2030 US Unemployment Rate (Aug)
  • 2030 CAD Employment Change (Aug) 
  • 2200 CAD Ivey PMI (Aug)

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