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...
Equity markets started very positive the first day of the year 2022
Information is not investment advice
Ichimoku Kinko Hyo
CAD/JPY: The CAD/JPY pair is now testing the Tenkan sen level. An upward wave would lead the currency pair into fresh highs. On the other hand, a drop of the market below the Tenkan sen level will push prices to hit the support at the upper level of the Kumo.
Market View
Equity markets started very positive the first day of the year 2022 as risk appetite soared.
Markets were positive both in the US and in Europe, with growth stocks outperforming value, mostly due to Tesla’s performance.
In the US, Dow Jones closed higher by +0.7%, S&P 500 +0.6% and NASDAQ +1.2%. Asian stocks mostly higher. China (Hang Seng) lagging as the bad news surrounding property developers are continuing this morning. Both European and US futures higher again this morning.
In the FX space, EURUSD dropped almost a figure on Monday and is trading again below 1.13.
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