Vantagepoint Forex Weekly Outlook for the Week of March 25th, 2019

The Vantagepoint Forex Weekly Outlook is designed to help traders. It’s important to remain aware of correlations in the global markets. Traders can become more profitable if they know how to get ahead of the trends. Utilizing the predictive indicators in VantagePoint Software can help traders find the right trades and the right times. Above all, traders know when to enter and exit those trades for maximum profit. Let’s look at the charts for the U.S. Dollar, Gold, Crude Oil The Stock Market and the Major Pairs.

 

The FOMC caught the market off guard with their announcement of no 2019 hikes. The US/Japan & US/Swiss Franc moved lower, but we can see clear signals the Dollar is strengthening.

The US Dollar Index

The U.S. Dollar Index tends to form in cycles, beginning and the end of the month. The Dollar is strengthening and should hold on to the gains the start of this week. The Vantagepoint indicators are breaking above the T-cross long at 96.03. But the area you want to watch to start the week is 95.962. The Vantagepoint key level is at 95.962 and the Vantagepoint PRSI is at 59.9.

The Gold Market

Gold is usually the benefactor of Dollar weakness.  Gold and the Dollar will likely move up together if we move to risk off environment. The Dollar should see more gains than Gold in the coming weeks. Gold is likely to remain firm. The Vantagepoint key level is at 1312.37 and the Vantagepoint PRSI is at 75.2.

Forex Weekly Outlook for Major Pairs

S&P 500

Not the greatest environment for stocks. When the buyers come in, they’re coming in at 28. If we can stay above 28, maybe the Equities can make one more rally, but stay guarded. Global growth is slowing down. Our RSI warns us of losing momentum.  The Vantagepoint key level is at 2808.67 and the Vantagepoint PRSI is at 41.0.

Crude Oil

Oil is following the Global Equity Markets and is headed down. We’d like a consistent close around 59.10. Any upward momentum is stalling, but keep an eye on both Oil and Equities. The Vantagepoint key level is at 58.04 and the Vantagepoint PRSI is at 49.4.

Euro/U.S. Dollar (EUR/USD)

We counted on that rate hike, but now it’s not happening. The Euro still pushed lower. The Euro does respond to the Dollar cycles.

What do the indicators say?

If Equities tank, the Euro may move aggressively lower. The Vantagepoint key level is 1.1342 and the Vantagepoint PRSI is at 39.2.

U.S. Dollar/Swiss Franc (USD/CHF)

An unusual move this week. This should have been screaming higher, but surprisingly, no.

What do the indicators say?

If stocks keep moving lower, so will these numbers. The Vantagepoint key level is .09996 and the Vantagepoint PRSI is at 20.1.

British Pound/U.S. Dollar (GBP/USD)

The Pound/Dollar is all over the map and mostly failing. We’re at the mercy of Brexit, people. We do look slightly bullish on this pair. We must break through the resistance levels.

What do the indicators say?

The Vantagepoint key level is at 1.3118 and the Vantagepoint PRSI is at 54.3.

U.S. Dollar/Japanese Yen (USD/JPY)

The Dollar Yen is moving lower. We didn’t get from the Fed what we were expecting. This pair is highly connected to the Equity markets. If those are doing poorly we want to sell this pair. If stocks are moving higher we want to buy this pair. Right now, it’s going lower.

What do the indicators say?

The Vantagepoint key level is at 111.02 and the Vantagepoint PRSI is at 9.5.

The Commodities Currencies

U.S. Dollar/Canadian Dollar (USD/CAD)

On the move yet again.

What do the indicators say?

If Oil moves lower, the USD/CAD will move higher. The Vantagepoint key level is at 1.3336 and the Vantagepoint PRSI is at 77.8.

Australian Dollar/U.S. Dollar (AUD/USD)

Everything is pointing to a stock market sell off.

What do the indicators say?

The Vantagepoint key level is at 0.7094 and the Vantagepoint PRSI is at 42.3.

New Zealand Dollar/U.S. Dollar (NZD/USD)

We have a short signal, but we’re not quite there yet.

What do the indicators say?

The Vantagepoint key level is at 0.6840 and the Vantagepoint PRSI is at 69.6.

 

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