Monthly tactical view - Bullish momentum in HK 33, Germany 30, Singapore 30

Posted in Technical Analysis
5 minute read
May-view-HERO

Technical analysis of Hong Kong 33, Germany 30, and Singapore 30: Examining potential bullish momentum amid US dollar weakness and trade tariff concerns.

A softer US dollar may trigger a continuation of the underperformance of US stock indices

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Fig 1: 3-month rolling performance of US stock indices, Hong Kong 33, Germany 30, Singapore 30 & US Dollar Index as of 2 May 2025 (Source: TradingView)

Hong Kong 33 staged a bullish reversal after a retest on its 200-day moving average

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Fig 2: Hong Kong 33 major & medium-term trends as of 2 May 2025 (Source: TradingView)

Germany 30 is on sight to stage a potential bullish breakout above its March all-time high

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Fig 3: Germany 30 major & medium-term trends as of 2 May 2025 (Source: TradingView)

Singapore 30 bullish breakout above 50-day moving average

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Fig 4: Singapore 30 major & medium-term trends as of 2 May 2025 (Source: TradingView)