Weekly Analysis 3rd March 2019

Financial Markets Online > Weekly Analysis > Weekly Analysis 3rd March 2019

Summary and Watchlist

  • Potential start of Dollar Uptrend Daily Phase 1. Watch out for any stall or exhaustion towards the end of the week.
  • Potential Crude and Indices sell off.
  • Look for pullbacks on JPY crosses.

We will be looking for in particular:

  • Dollar buy trades.
  • Buying JPY in the crosses following a reversal confirmation.
  • Gold sell trades.
  • Selling Crude and Indices following a reversal confirmation.

As always, there will be Intraday opportunities on other charts.

Seasonals – March

  • From early to mid-month, we tend to see Dollar strength dropping off and the other majors starting to fight back.
  • Worst month for Gold.
  • Good month for Crude. Wait for the drop before thinking of going long. Main run higher will be in April which is the strongest month.

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