Wednesday, April 9, 2014

Trading Week: 9th April (pm) Aussie stocks and dollar lead the way.

Wed 9th April (5.30 pm)

XJO: The Aussie ASX 200 has made a very bullish close for today's Asian session. This index has closed above a key S/R region: above the 61.8% fib of the 2007-2009 bear move and above a recent 'high' region of 5,460. This bullish close is giving the index a bit of a 'triple top' look to it though and traders will need to see whether this index can hold this high to see out the week:

S&P500: the 30 min chart shows that this index might be setting up for a good trade during the US session off the 30 min charts: 

The daily S&P500 chart show how price closed on Tuesday back above a key level of 1,850:

Russell 2000: this 'small cap' index is still above daily support:

NASDAQ: much is being made of the decline here BUT this index is still above two separate daily support trend lines: 

Indices: the USDX is still looking weak. The EURX is trying to hold up off the support of the bull trend line: 


TS Signals: Still positive but haven't moved much during the Asian session:

Kiwi: Key resistance of the 0.88 and near the previous high isn't too far above price:

Other FX:

Cable: I'd like a test of the 'neck line' for this inverse H&S pattern:

A/U: keeps grinding higher.
A/U 4 hr:

A/U daily: The bullish 'inverse H&S' has nearly completed here. I had suggested that the target of 380 pips or so might coincide with the bottom of the weekly Ichimoku Cloud. Price is almost there!

A/U weekly Ichimoku:

E/J: still waiting to see whether this breaks down from the triangle:
E/J 4hr
E/J daily:

U/J: ditto here:
U/J 4 hr:
U/J daily:

A/J: still watching for any new TS signal and a possible 'flag' break:

Gold and Silver: both have some trading channel action happening:

Watch out for FOMC later today!

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