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!

Adam Harris

FXGlobe Ambassador Adam Harris is based in London, UK. He’s been trading professionally since 2013 and his specialties are technical and trend-based trading.

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Our Ambassador’s Daily Picks are not trading advice. These are informational articles covering the events which happened in the market already & scheduled events which are scheduled to happen in the Economic & Earnings Calendar.

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