Monday's Forecasts: USD/JPY, EUR/JPY, AUD/USD, NZD/USD

Published 03/26/2018, 03:29 AM

Video analysis of FX pairs:

http://somup.com/cFeT3aVgRU

Video analysis of stock markets:

http://somup.com/cFeT3aVgRv

USD/JPY 1 month channel support a little lower at 104.80/70 today.

EUR/JPY only support is the 200 week moving average at 129.55/45.

AUD/USD key to direction is very important longer term support at 7640/30.

NZD/USD selling opportunity at 7255/65 worked as we topped at 7273 but so far, only sold off to 7223. Important support at 7190/7180 is key to direction.

EUR/USD up 1 day and down the next, not actually going anywhere. we topped exactly at 1 month trend line resistance at 1.2370/80 but only sold off to 1.2340.

USD/CAD topped exactly at 38.2% Fibonacci resistance at 1.2940/45 to retest the low at 1.2825...and bounced from here

GBP/USD bounce from first support at 1.4110/00 allowed a recovery to 1.4170.

GBP/JPY bounced above minor resistance at 148.60/70, to within just 3 pips of stronger resistance at 149.00/10.

Gold beat 2 week high at 1339/40 as predicted for a buy signal targeting 1345 and 1349/50. We topped exactly at this target.

Silver buying opportunity at 1633/31 worked perfectly but key to direction is very strong resistance at 1675/80.

Emini S&P lower again as expected but we bottomed exactly at the 15 month trend line and 200 day moving average support at 2590/80.Bulls are saved and we could see a short squeeze at the start of this week.

Today's forecasts

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