Daily market review – April 14th 2017


Wall Street indexes closed yesterday with declines.
The Dow Jones Industrial Average lost 0.7%, the S&P 500 fell by 0.7% and the NASDAQ index retreated by 0.5%.

The trading on Asian stock exchanges is being led by price declines against the backdrop of rising geopolitical tensions.
Tokyo fell by 0.5%, Shanghai weakened by 0.9%, Seoul fell by 0.6%.

In the forex market, the US dollar was trading against the Japanese yen with a falling more than 0.1% to around 108.94 yen per dollar, a record for the Japanese yen since November 14.

Today there is no trading in Sydney, Hong Kong, European stock exchanges and Wall Street due to Easter.

Trading Opportunity

We are following this opportunity during the last few days.
On the daily chart, after completing a double wave down that ended at the level of 161.8 of the Fibonacci exponential (between the levels of 0.9920 – 0.9960) the pair started to go up.

aud.cad d 14.4.17

How can we join in?

On the 4 hours chart we can the see a resistance trend line.

aud.cad 4h 14.4.17
First we are waiting to see the pair reaching the resistance line (around the level of 1.0120).
Then we want to see a small correction down, and after that a break above the resistance line which will create a new wave up.
On this wave we can join with a CALL trade.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s