Friday, March 16, 2012

Global indexes and currencies

The latest bullish development with Western indexes has been a little bit weird, because the bullishness hasn't been reflected into other markets and risky assets.

EUR-USD has been pointing down. 

AUD-JPY has been struggling with upside resistance.

Hang Seng has been struggling with 61,8% Fibonacci resistance for a month.

Currently Dax is going  lose it's moment and to have a negative divergence with RSI, although this can be solved by having a positive day on Monday. 

The upcoming seasonality supports higher highs according that the next 4 weeks has historically been very bullish and April been the second best month in a year.