The second half of last week was influenced by the ECB meeting and Mario Draghi’s press conference.
The Euro has breached th range from below, forming a triple top figure.
Oil is on the rise! The market awaits the Doha meeting on April 17.
According to the latest COT CFTC report, market operators continue to rebalance their positions.
The NZD is fortifying itself with three candlesticks behind the broken lines.
AUS200 has formed a dodji and a mallet, which have pressed against the ascending channel and the broken symmetrical triangle.
USD/CNH has breached the descending channel.
The financial markets are preparing for Easter, liquidity is going down, as we approach the end of the week.
Why is the Dollar weakening? This is because the Fed has something to do with it.
With the CHN, we have approached the descending channel.
With WTI we have breached the shoulder and the double bottom lines, as well as the daily descending channel.
Gold has bounced from the previously broken symmetrical triangle, which doubles as a pennent this week.
According to the COT CFTC reports, market operators have abruptly shrunk their short buy orders.
We are waiting for the rates of the offshore Yuan (CHN) to reach our target levels.
As prices rise, more and more investors will be looking at shale oil, and vice versa.