Last week: There weren’t too many breakout trade opportunities in the shortened Easter week and so it was no surprise to see so many small and indecision-style weekly candles printed. However, just as Easter symbolizes rebirth, the NASDAQ channelled this theme to bounce back from its recent slump and was the best performing stock index of […]
The US$ rally paused last session as stocks and the Yen crept higher to finish off the end of month and quarter. Momentum is declining across many Forex pairs and I expect this might be the case until after the Easter break.
There has been a bit of trading interest of late about the performance of the NASDAQ and whether this Index has run its course for the time being. I have been very bullish on the NASDAQ since around 2015 when it finally started to break free of it previous all-time High region, circa 5,200. I […]
The US stock majors continue to stutter under their all-time Highs but US Treasury yields and the US$ have marched higher which has put pressure on Gold and some FX pairs. Interestingly, the Aussie and Kiwi are holding up relatively well.
The US$ has edged higher to start this shortened trading week but, apart from a dip with Gold, there hasn’t been a whole lot of change to the chart ideas issued in my weekend update. The weekly wedges are still intact of the EUR/USD, AUD/USD, NZD/USD and GBP/USD.