Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Market Rewind: US Equities Rally For Second Day

Published 04/10/2014, 01:32 AM
Updated 07/09/2023, 06:31 AM

Market Rewind Chart

Forex:

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

Indicies:

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

Commodities: 

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

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.