The USDX is struggling to get traction above the 4hr Cloud. The 100 level remains as resistance above current price.
The Aussie market closed higher today but still couldn’t manage a monthly March candle print above the key 6,000 level. This is no great worry but it would have been a nice psychological boost. However, the print of a monthly bearish-reversal ‘Hanging Man’ candle at this key resistance level may cause traders some market jitters.
I have been writing about how I am looking for a test of 4,800 on the NASDAQ index since this key level was broken at the end of last month. I had started to lose hope that a test would evolve but recent price action suggests that a deeper pull back might be in store and, […]
The following tickers came up with a BUY signal based on their daily charts following a weekend scan of the NASDAQ-100. These were the ones that had the most interesting monthly charts and that seem to have room for further price movement based on their trading history. The price as of Friday’s close is noted for […]
Stocks sold off after Friday’s NFP and that selling has carried over into today’s Asian session. I had previously mentioned that I am looking for a pullback on the NASDAQ; back to at least test the 4,800 level. That is still the case but, if that level is broken, I will then look for clues […]