SGD/JPY Weekly Candlesticks & Ichimoku Chart
Fundamentally, as trade tensions worsen, SGD should weaken in tandem with CNY while risk aversion will cause JPY to strengthen. On the charts, SGD/JPY is trying to break below the Ichimoku clouds. Keep an eye on this as it could develop into a strong bear trend on the weekly chart.
Nasdaq Composite Weekly Candlesticks & Ichimoku Chart
Although fundamentals still point to higher levels for Nasdaq and the uptrend remains intact, the close last week on the candle chart could be a sign that a retracement is due.
Vee, our Founder/CIO highlights patterns/formations on selected chart(s) every week which may have the potential to turn into trading opportunities. These charts are extracts of our weekly subscription product – “CIO’s Week Ahead Update” which provides analysis for the week ahead, first sent out on Monday of the week.
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