Matt Simpson | Apr 17, 2014 01:38AM ET
A snapshot view of yesterday’s events from the New York - London session...
AUD/USD produced a Doji and eyeing up 0.940 resistance; Near-term outlook is for a retracement toward s0.9308 with 0.940 being the line in the sand
EUR/USD continues to hover around 1.3825 with volatile and indecisive candles either side of this zone;
GBP/USD broke to new highs early Asia trading and looking increasingly bullish
USD/CAD broke above 1.10 resistance; above this level targets the broken trendline from Oct '13 low but looks bearish overall
USD/CHF bullish outside day but still looks indecisive below 38.2% retracement; refer to yesterday's 'Daly Insight' for chart
USD/JPY 4th consecutive bullish close with 102 holding as support; near-term remains bullish on intraday timeframes
NZD/USD Bullish hammer rejected confluence zone highlighted in yesterday's video
NASDAQ Riskshawman Doji below 3534 resistance warns of weakness to previous week's gains
S&P and DJI have both closed more convincingly on the bullish side for a 3rd day and above 50 day eMA and sMA
COMMODITIES:
Gold Above $1300 support but Rikshaw Man Doji and inside day shows indecision to commit to either direction, following previous session's plunge.
Silver Bullish Inside day and above $19.56 support warns of near-term strength, albeit dampened.
WTI $105 has capped as resistance and produced a Rikshaw Man Doji to warn of indecision at the highs
Brent broke to 4-week high but finished with a Shooting Star Reversal to warn of near-term weakness to the bullish move from March lows
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