The range-bound nature of the USD index is ensuring choppy action across many FX pairs.
The bullish Ichimoku signal on the S&P500 has been confirmed with the recent uptick in both the Tenkan and Kijun lines.
The NASDAQ has printed a daily close above the key 4,800 level. The monthly candle close is some way off yet but a monthly close above this level would be a very bullish signal and these practice efforts are worth keeping note of!
The AUD/JPY has made a move lower following today’s RBA interest rate cut. This pair had recently broken down and out from a 900 pip triangle pattern and is half way through the expected 900 pip follow through move.
The two main Aussie stock indices remain on their bullish journey following bullish triangle breakouts from two weeks ago. I have posted some charts of Aussie stocks that look bullish and may offer trading potential in this current buoyant environment.