Easter quiet here already

There isn’t much on the economic calendar for this shortened Easter week and it seems the quiet has already set in. The US$ is up a bit as were US stocks but most FX action has been choppy.

Oil daily: there is a bit of resistance ahead with the daily chart’s most recent swing low 61.8% fib tied in with the daily 200 EMA and all just under the psychological $45 level.

OilDaily

USDX weekly: the US$ has recovered a bit but is still below the 95.50 barrier:

USDXweekly

S&P500 daily: a bit higher on the day:

S&PdailyCloud

XJO weekly: S&P/ASX 200: Given the potential of a Double Dissolution Election down here then I don’t think we’ll see any continuation of this attempted breakout for some time. I would not be surprised if this index remains range bound until after the Election :-(

XJOweekly

Gold: drifting back below the $1,250 level and I’m still looking for more of a pull back here:

Gold 4hr:

Gold4hr

Gold daily:

GoldDaily

TC Signal: the U/J signal closed off as the 111 support has held for now:

UJ4

Other Forex: there is an AUD RBA Gov Stevens speech today as well as EUR Ifo Business Climate & ZEW Economic Sentiment and GBP CPI to watch out for.

E/U daily: still triangle bound:

EUdaily

E/J 4hr: ditto here. The 126 level remains an important S/R region to watch:

EJ4

A/U: holding above 0.74 for now. Note also on the weekly chart how there has been a bullish Tenkan/Kijun cross but price is in the congestion of the weekly Cloud:

A/U 4hr: ‘higher highs’ for now without ‘lower lows’ but let’s see if the RBA try and talk this one down:

AU4

A/U weekly: this Cloud makes for choppy conditions apart from RBA jawboning:

AUweekly

A/J 4hr: still triangle and range bound:

AJ4

GBP/USD daily: I’m watching to see if this pattern develops at all:

GUdaily

NZD/USD daily: wedge bound here:

KiwiDaily

GBP/JPY 4hr: ditto here:

GJ4hr

EUR/NZD 4hr: triangle bound here:

EN4hr

GBP/AUD 4hr: flattening out here:

GA4

GBP/NZD 4hr: triangle bound here too for now and it looks like something big is building. We might have to wait until after Easter for momentum to return though:

GN4hr

EUR/AUD 4hr: a new triangle pattern here too but, essentially, this is range-bound as well:

EA4

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