American Indices Moving in Opposite Directions
American Indices are currently moving in opposite directions. The tech-heavy NASDAQ index is going down, aiming for the long-term up trendline while the old-school Dow Jones flirts with all-time highs after the price escaped from the pennant formation.
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The German Dax is trading inside a flag formation, which is promoting a long-term breakout to the upside.
Gold is aiming higher after a successful bounce from the 1760 USD/oz support.
The USDCAD broke the lower line of the channel down formation, which should be considered an extreme weakness.
The AUDCHF tested the lower line of the symmetric triangle pattern. A breakout to the downside is very probable.
The ZARJPY shot higher after a false bearish breakout from the Head and Shoulders formation.
The EURPLN is aiming higher after a very handsome bullish engulfing pattern on the daily chart.
The USDHUF dropped like a rock after the price created a shooting star on the daily chart, which bounced from a combination of dynamic and horizontal resistances.
For a look at all of today’s economic events, check out our economic calendar.