Technical Trade Ideas

S&P tests key level after a big drop on coronavirus concerns

Earlier we reported that the markets fell sharply amid growing concerns over the spread of the virus hurting economic growth. At one stage the Dow was down in excess of 1000 points! But as I write this, the markets are coming off their worst levels. Have we hit a low, or is this a temporary …

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AUD/CAD set to resume lower

The AUD/CAD has been trending lower on the back of a dovish RBA and not-so-dovish BOC. The downward trend may have resumed following yesterday’s price candle: Key technical points Price has been making lower lows and lower highs On Wednesday, price formed an inverted hammer candle off the bear trend The hammer candle suggests sellers …

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