support the mentioned scenario as the MACD could not move above the zero line and the index is moving below its moving averages.
The fund tactically adapts to market conditions, constantly measuring momentum indicators
and durable trends that identify specifically how and when its income portfolio should be allocated, either offensively or defensively.
The net change in score came from a decrease in the liquidity, valuation and earnings momentum indicators
, offset by an increase in the technical indicators.
Bearish momentum indicators
for gold have accelerated, and a sustained break below $1,232 could take gold near $1,180, technical analysts at ScotiaMocatta said.
Both the Stochastic Oscillator and RSI are each suggesting that the GBPUSD is oversold and looking at the historical correlation between these two momentum indicators
, the price seems to quickly rebound after approaching the oversold boundaries.
While technical momentum indicators
such as the relative strength index (RSI) show the FTSE 100 is in 'overbought' territory, some fund managers see scope for more gains as investors continue to plump for equities over bonds due to better returns.
With the trending and momentum indicators
pointing lower, a break below these would extend weakness to test strong support at 1,526.
Meanwhile, momentum indicators
show the strength in S&P 500 is starting to decline as well.
While the short-term technical trend and momentum indicators
remain positive, we think that ample OPEC spare production capacity is likely to cap the upside.
determine the strength or weakness of a trend as it progresses over time.
The technical picture remains vulnerable however, with momentum indicators
showing continuing to show clear negative divergence as prices advance.
on the charts point to strong short-term upswings, supported by rising volume and improving sentiment.