This technical commentary highlights a breakout in the KOSPI and testing of resistance in AUDUSD, while noting that US investor sentiment is remarkably balanced.
Key Takeaways
- 1.The KOSPI has successfully executed a 'box breakout' with strong momentum, though it is becoming distantly extended from its 200dma.
- 2.US Investor sentiment via the AAII survey is currently exceptionally balanced, showing no signs of overall euphoria or fear.
- 3.The CAC 40 is behaving as a laggard within a range; it is currently overbought and at risk of retreating to its 50dma at 8,170.
Table of Contents
- Equities & Other
- US Investor Sentiment
- FX & Precious Metals
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Authors
Philipp SporkaStefano Passera, CFTeLara Olgiati, CMT, CFTe
Securities
KOSPIAUDUSDUSDJPYCAC
Themes
Investor Sentiment NeutralityMarket Divergence/LaggardsTechnical Support and Resistance
Regions
EuropeAsia PacificNorth AmericaFranceSouth KoreaUnited States