Market Rewind: US Equities Rally For Second Day
Matt Simpson | Apr 10, 2014 01:32AM ET
AUD/USD: 0.940 capped as resistance and A$ awaits today's employment figures to see if it can hold on to 5-month highs; Currently trading just above daily pivot to suggest swing low in place for intraday traders
EUR/USD: Broke above 0.13825 resistance and seemingly back in line with the bullish trend
GBP/USD: House sales rise to record high to see bullish momentum continue and now trading just shy of Feb highs
USD/CAD: Broke below 1.091 support; below 1.091 targets 1.080
USD/CHF: 3rd consecutive bearish close and at 2-week low
USD/JPY: Bullish Harami formed on Daily to suggest weakness to the bearish move; Currently trading above 102 early Asia
NZD/USD: At 2.5yr high with increasingly bullish momentum
NASDAQ: at 4-day high and closed at the high of the day to suggest continued gains
S&P: Firmly rejected 1830 support and increasingly bullish
DJI: Morning Star Reversal confirms swing low
Gold: Holds above $1300 and rallied following FOMC minutes; Closed with potential Hanging Man to suggest near-term weakness to bullish move; Also broke out of bearish wedge highlighted yesterday and retesting broken trendline
Silver: back below $20 with potential bearish flag forming, or a basing pattern if we close convincingly above $20
Crude Oil: looks increasingly bullish after capitalising on USD weakens and target $104
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