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.