Wall Street trading ended yesterday in price declines on the back of weak car maker shares.
The Dow Jones was unchanged at 20,650 points, the S&P 500 fell by 0.1% and the Nasdaq fell by 0.2%.
The trading in Asian stock exchanges is with a mixed trend, amid growing uncertainty about US trade relations with China and Japan under the Trump presidency.
Tokyo fell by 0.9%, Hong Kong rose by 0.6%, Shanghai climbed by 0.4%, Seoul fell by 0.2% After exports exceeded expectations in January.
The trading on the European stock exchanges is proceeding with slight gains, after yesterday’s indices closed down by 0.5%.
London is up 0.3%, Paris and Frankfurt are up 0.1%.
The Japanese yen is up by 0.3% against the US dollar to 110.4 yen per dollar.
The Euro is down 0.1% against the US dollar to $ 1.06 per euro.
Trading Opportunity
USD/CAD
Yesterday on 4 hours chart the USDCAD pair broke above a resistance diagonal line.
On an hour chart, after we stretched the Fibonacci Extensions, the pair have reached the Fibonacci level of 61.8. at 1.3440.
The RSI is at an over-bought area, and a bearish divergence is developing the the MACD histogram.
Our tendency is to look for a bearish pattern to be created and then to enter with a put trade.
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