Market update – Friday 7th February 2014

Regarding market conditions, so far, these charts look to be offering the best trend-trading opportunities next week, as their weekly charts have now produced bullish signals (examples are below):

USDJPY, EURJPY, GBPJPY, NZDJPY, CHFJPY – LONG

SP500, UK FTSE, Nasdaq, Dow Jones – LONG

All other charts have no clarity YET, but probably will early next week. I am also watching AUDNZD for the trend to continue downward, disregarding the key support level for now.

I will cover this in detail in next week Wednesday’s Midweek Market Focus.

Have a great weekend!

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