AUDUSD, USDSGD, USDCNH and EURAUD are moving very nicely according to the Tflow™ roadmap since the last 6 months. It is obvious where these pairs are trending and the river could provide a clue to the next optimum retracement zone.
It’s about time for a little bit of retracement, consolidation for the DXY. After all markets don’t travel in a straight line – they usually move in zigzags. Besides, there was previously a resistance here so this level might over some support. Price action at the moment with the kink there appears to agree.
Expect to see HSI test 25000 shortly. This is a 7-year high, prominent tried and tested resistance. This was a level forecast in 2015 and there is evidence that at least one other level forecast then was followed by the market.
Between an early bull and a late one going AUDUSD long, the proposition is very different. AUDUSD is strong but approaching resistance levels. There are 3 charts here you need to look.
Long and short play for AUDJPY (for both lower time frame and higher time frame forex traders) centred on this very long trend line starting from October 2014.
Despite steep gains by Straits Times Index, many signs indicate Feb rally is just a bullish retracement of a much bigger down leg in the stock market.
Lessons from HSI performance during past 3 crises. The Hang Seng Index can swing from very bearish to very bullish. Steep retracements are possible, highly probably.