US stocks received a bounce on the back of upbeat sentiment following Sen Bernie Sanders withdrawal from the 2020 Presidential race but, apart from that, there hasn’t been a lot of momentum conviction with any new moves. I had mentioned in my weekend analysis to be prepared for some quiet ahead of the Easter break […]
US stocks opened strongly for the week on hope the Covid-19 curve might be flattening. The US$ remains range-bound but a bit of Yen weakness helped to trigger moves on some Yen pairs.
Last week: It was a bit quieter last week for trend line breakouts, following all of the recent volatility, and whether this was due to the wait for Friday’s NFP or due to the looming Easter break is not clear. This led to a vast number of indecision-style weekly candles being printed across many stock indices, […]
Both FX Indices closed with Inside weekly candles suggesting a bit of shared confusion. At least there are trend line to monitor on the lower time frame charts to help traders gauge the next move on each. However, be prepared for the potential of some slower price action this week as the Easter break approaches.
Most chart patterns are little changed with the exception of the S&P500. US stocks slipped due to Covid-19-related economy concern. Like I mentioned yesterday, traders might need to wait for NFP before we see any significant market movement.