Monday, March 3, 2014

Trading Week 03/03/14

Monday 3rd March (7.30 pm)
E/U: it looks like the gap has essentially filled. Now to wait and see how this moves from here:

E/J: watching the triangle and for a new TS signal. Price is below the Cloud on the 4hr BUT in the Cloud on the daily chart so I'll be wary of any new signal:

U/J: a new signal trying to build here too. Price is below the Cloud on the 4hr and daily so is ok to short. Also, price action may still 'need' to test the top of the monthly Cloud:

U/J monthly Ichimoku Cloud: there is a fair bit of room to pull back to test top of monthly Cloud, even if there is to ultimately be bullish continuation!

Monday 3rd March (4.30 pm)
Ukraine situation: the markets gapped on open towards 'risk off' due to concern about increasing tension with the Ukraine conflict. These gaps have not all filled yet and they may well do so before any clear new direction can be determined. I do not have any new TS signals BUT I would be waiting to see how this situation unfolds anyway.

Stocks: I have posted a new Stocks: March page with stocks that look fairly bullish.

Indices: The EURX gapped lower but I'm rather surprised that the USDX did not gap higher in any 'flight to safety' mode!

Gold: this gapped up and is testing the previous high:

TS Signals: there were only 2 open TS signals and the Kiwi did end up closing off as thought:

EUR/AUD: limping along for now: 

Aussie: some reasonable Chinese data and upbeat AUD data has helped to hold this pair up above the major support level of 0.89:

Cable: the monthly 200 EMA has held the Cable so far:

U/J: down BUT no new TS signal to short:

E/U: is this just doing a 'gap fill' before further falls? This probably depends on how protracted the Ukraine situation becomes.

E/J: triangle bound:

AUD/NZD: maybe my 'inverse H&S' isn't dead just yet!

Silver: is trying to get back up over the $21.50 S/R level:

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