Thread by @Fxflow

Macro Musings
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FX CHARTS
March 18-22, 2019
The Return of Risk?
1/10

1. China/US trade deal - positive signals on progress
2. Data out of Asia (Korea, NZ) appears to have stabilized
3. China tax stimulus may spur more spending
4. Fed has no reason to change (CPI low, Retail Sales muted)
5. Brexit - DUP may cave and give May her deal
2/10

Key Levels to confirm risk-ON

EURUSD - close above 1.1350
AUDUSD - close above .7100
USDJPY close above 112.00
3/10

FX CHARTS
Mar 18 - Mar 22, 2019
EURUSD - 1.1200 proves double bottom, but longs need close through 1.1350
4/10

FX CHARTS
Mar 18 - Mar 22, 2019
USDJPY - 112.00 rejected again - close below 111.00 confirms a double top
5/10

FX CHARTS
Mar 18 - Mar 22, 2019
GBPUSD - Techs confirming a "bowl" bottom as no deal Brexit fears evaporate. Close through 1.3350 sets stage for a fresh leg up
6/10

FX CHARTS
Mar 18 - Mar 22, 2019
USDCAD - Uptrend in place but close below 1.3200 breaks it
7/10

FX CHARTS
Mar 18 - Mar 22, 2019
AUDUSD - .7100 is key for the bulls to take control
8/10

FX CHARTS
Mar 18 - Mar 22, 2019
NZDUSD - close through 20 SMA is bullish.6900 next
9/10

FX CHARTS
Mar 18 - Mar 22, 2019
AUDNZD - Cross of the week
Small short covering rally to 1.0400 looks possible as 1.0300 holds for 4 days
10/10

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