This is just a quick chart update with some questions for you all to ponder. The SNB rate update is later today so watch for any impact from this event.
NB: I am away with family on a 2-week holiday until Tuesday 30th March and I may not update much over the next few days. This is holiday that had been postponed due to Covid restrictions. Weekday updates will be brief and few during this period but I will endeavour to publish a full weekend update.
Data:
DXY daily: will this continue to march higher if yields start to fall?
TNX daily: the support TL has been broken BUT will this evolve into a Bull Flag?
S&P500 4hr: will the Index close the week above or below the 12-month TL?
ASX-200 4hr: will this close above or below 6,800 for the week?
Gold 4hr: note how low momentum is here. What could get gold moving with momentum again?
EUR/USD 4hr: will this break 1.18 or will price hold as a descending wedge takes shape?
E/U 4hr:
E/U 4hr: revised TL:
AUD/USD 4hr: will this close above or below 0.76 for the week?