The NASDAQ has held above the key 4,800 level for two weeks now and, although the monthly candle doesn’t close until next week, a February close above 4,800 is looking quite likely. A monthly close above 4,800 will be significant and may enable numerous trading opportunities on NASDAQ stocks so watch for the candle close next week BUT […]
The set up on the Hong Kong Hang Seng Index is looking rather similar to how the ASX-200 appeared prior to the recent Aussie index breakout.
The USD is a bit weaker but continuing risk appetite and buoyant stocks seem to be dragging the Yen pairs along for the ride.
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.