The US$ is little moved to start the week and, as such, the charts of most FX pairs are not much changed, the exception being some of the Yen pairs. There were some early wobbles as the Turkish Lira dropped but things then steadied somewhat and US Stocks closed a bit higher as Yields declined, The NASDQ enjoyed a decent move higher so watch that Bull Flag that is still brewing for any new breakout.
NB: I am away with family on a 2-week holiday until Tuesday 30th March. 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: watch for any impact from GBP Employment data and the Fed Chair Powell speech.
DXY daily: an indecision daily candle to start the week.
USD/TRY daily: check out Monday’s daily candle!
Trend line breakouts:
S&P500 4hr: a small TL b/o for 30 points BUT watch 3,950 for any new make or break:
Other markets:
NASDAQ daily: watch the Bull Flag that is still brewing:
ASX-200 4hr: revised trend lines:
Gold 4hr: little changed:
EUR/USD 4hr: a bit higher despite the higher DXY so worth stalking for any new b/o.
AUD/JPY 4hr: revised trend lines here after the gap lower:
GBP/JPY 4hr: ditto:
Other charts: are little changed from the w/e write-up.