Best Trade Ideas for April
I know we've had quite an amazing run these past few month, with over 78% accuracy in our trade ideas and sentiments, and thousands of pips in profits monthly...
Asian markets are following the rebound trail this morning
Information is not investment advice
Ichimoku Kinko Hyo
NZD/JPY: The NZD/JPY pair is trading above the cloud. An upward wave would lead the exchange rate to exceed the Tenkan sen and Kijun sen level, targeting the previous top. Alternatively, a failed attempt to move higher will push prices to find support at the upper level of the Kumo.
Market View
On Tuesday equity markets rebounded, with European and US markets all higher. Growth stocks rebounded, with tech and consumer discretionary leading the way. The real estate sector did not follow the rest of the market higher, despite being one of the most sold sectors the last week. SP500 improved slowly over the trading session to finally close up +0.9%, Dow Jones closed +0.5% and NASDAQ +1.4%. Asian markets are following the rebound trail this morning, with Hang Seng higher by +2%. Futures in the US point slightly higher.
In the FX space the dollar weakened against most of the G10 yesterday, where Scandies and commodity currencies gained.
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