Hi traders!
The first on my watchlist are the very bullish tech 100 index (or NSDQ) which took a real beating during the recent bear market, and now seems keen to make up for lost time. The other index is the Nikkei (or JP225) which was rangebound for more than a year, and is now very bullish with a strong trend in place. These two indices alone are hinting that the global markets are considering a new bull market.
Looking at currencies, AUDCAD, which is showing some bullish divergence on the MACD indicator, has now broken support and may be heading for fresh lows.
GBPAUD, also showing some bearish divergence, which can imply the trend is ‘tired’, has just had a fresh breakout within an intact uptrend.
USDCHF is a great example of a newly-born uptrend- looking good.
Happy Trading!
