DAX & CAC Technical Outlook – More Strength Ahead?
Strength in Europe has been impressive lately, outpacing the recovery we’ve seen in the previously stronger U.S. market; can it continue, though?
Strength in Europe has been impressive lately, outpacing the recovery we’ve seen in the previously stronger U.S. market; can it continue, though?
In rather short order, the US Dollar has broken out to the tune of 2-3% against multiple majors in the last week and Ichimoku has pairs and levels for you to follow.
The Japanese Yen has broken above the 100-DMA and is now trending toward the Ichimoku Cloud top as macro forces seem to favor a further extension.
The combination of current sentiment and recent changes gives us a further mixed US 500 trading bias.