AUDCAD Rebounds Strongly from Uptrend Line

The US indices, S&P500 and Nasdaq100, closed at new all-time highs, largely due to Apple’s positive performance. However, other markets and indices are far from similarly positive. This both leaves room for growth and indicates investor wariness. The Nasdaq100 index is above 19200, adding 0.7% over the last day and adding 16.1% YTD. Futures are […]

USDJPY hit new multi-decade high above 160 on Wednesday, as bulls regained control after a two-day consolidation. Fresh probe above psychological 160 barrier suggests that bids remain strong despite warning that Japan’s authorities may intervene to support weakening national currency, with 160 zone seen as a likely trigger. Strong bids were also signaled by long […]

DXY: The DXY chart currently indicates a bearish momentum, suggesting a potential continuation of the downward trend. The 1st support level is situated at 104.52, identified as a pullback support. This level corresponds to the 38.20% Fibonacci Retracement, adding to its significance as a potential area where buying interest could emerge. Additionally, the 2nd support […]