Daily market review – March 28th 2017



Wall Street trading closed yesterday in a mixed trend after the leading indexes fell by up to 1% in the first few hours as the US dollar fell against the leading currencies after President Trump failed to pass the new health law last week.

In Asia this morning the price rises were recorded on most Asian exchanges, led by Tokyo, where the Nikkei index rose by 1%.
The Japanese yen was flat at 110.61 against the US dollar.
The Seoul Composite Index rose by 0.2% and the Hang Seng Index added 0.5%. Australia increased by 1.2% and in Shanghai a 0.6% retreat.

The trading on the European stock exchanges is continuing in a positive trend, following the gains in Asia.
The FTSE is up BY 0.1%, The DAX is climbing BY 0.5%, The CAC is gaining 0.1%, as the US dollar stabilizes against the Euro.

Trading Opportunity

eur.aud 1h 28.3.17

The main trend of the pair on an hour chart is a rising trend.
A double top pattern was created, and could lead to a small correction.
After the correction, if the pair will close above the latest resistance area, around the level of 1.4305, it will be an opportunity to join in with the rising trend.


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