This week will be relatively similar to last week and will be restricted to intraday sets ups until clear breakouts can be seen on the daily charts. We do tend to see a lot of consolidation on the charts around Mid – March time before any solid moves by currencies.
- Both clear intraday dollar buy and sell opportunities could be options this week. If we do see the initial move highlighted in the DXY analysis, then I will probably hold off on selling dollar as we could see a bounce on some of the charts especially EURUSD. I will instead look for ways to take advantage of this bounce using limit entries.
- USDCAD buy. Just be wary of that potential move down highlighted in the relevant section of the analysis.
- Looking for ways to sell USDJPY, CADJPY, EURJPY and CHFJPY.
- Selling Gold.