There isn’t much on the economic calendar for this shortened Easter week and it seems the quiet has already set in. The US$ is up a bit as were US stocks but most FX action has been choppy.
Oil daily: there is a bit of resistance ahead with the daily chart’s most recent swing low 61.8% fib tied in with the daily 200 EMA and all just under the psychological $45 level.
USDX weekly: the US$ has recovered a bit but is still below the 95.50 barrier:
S&P500 daily: a bit higher on the day:
XJO weekly: S&P/ASX 200: Given the potential of a Double Dissolution Election down here then I don’t think we’ll see any continuation of this attempted breakout for some time. I would not be surprised if this index remains range bound until after the Election
Gold: drifting back below the $1,250 level and I’m still looking for more of a pull back here:
Gold 4hr:
Gold daily:
TC Signal: the U/J signal closed off as the 111 support has held for now:
Other Forex: there is an AUD RBA Gov Stevens speech today as well as EUR Ifo Business Climate & ZEW Economic Sentiment and GBP CPI to watch out for.
E/U daily: still triangle bound:
E/J 4hr: ditto here. The 126 level remains an important S/R region to watch:
A/U: holding above 0.74 for now. Note also on the weekly chart how there has been a bullish Tenkan/Kijun cross but price is in the congestion of the weekly Cloud:
A/U 4hr: ‘higher highs’ for now without ‘lower lows’ but let’s see if the RBA try and talk this one down:
A/U weekly: this Cloud makes for choppy conditions apart from RBA jawboning:
A/J 4hr: still triangle and range bound:
GBP/USD daily: I’m watching to see if this pattern develops at all:
NZD/USD daily: wedge bound here:
GBP/JPY 4hr: ditto here:
EUR/NZD 4hr: triangle bound here:
GBP/AUD 4hr: flattening out here:
GBP/NZD 4hr: triangle bound here too for now and it looks like something big is building. We might have to wait until after Easter for momentum to return though:
EUR/AUD 4hr: a new triangle pattern here too but, essentially, this is range-bound as well:
<
p style=”text-align: justify”>
The post Easter quiet here already. appeared first on www.forextell.com.