S&P500 (ESM19) The resistance level was broken on the Daily timeframe on Monday, the trend is bullish now and the impulse wave develops. A pullback buying opportunity will appear after the correction formation on the Daily timeframe. Long positions will remain relevant until the market is above the nearest support level on the Daily timeframe, the lows of March 25 - 29.
***Dollar Index (DXM19) The market remains in the uptrend. The correction came to an end last week and the pullback buying opportunity was formed. Long positions will remain relevant until the market is above the nearest support level on the Daily timeframe, the lows of April 3 - 5.
**EUR (E6M19) EURUSD currency pair remains in the uptrend. The correction came to an end last week and the pullback buying opportunity was formed. Long positions (EURUSD) will remain relevant until the market is above the nearest support level on the Daily timeframe, the lows of April 2 - 3.
***CHF (S6M19) USDCHF currency pair remains in the downtrend and the correction wave develops. A pullback selling opportunity will appear after the correction completion on the Daily timeframe. Short positions (USDCHF) will remain relevant until the market is below the nearest resistance level on the Daily timeframe, the highs of March 7 - 13.
***GBP (B6M19) GBPUSD currency pair remains in the uptrend. The correction came to an end last week and the pullback buying opportunity was formed. Long positions (GBPUSD) will remain relevant until the market is above the nearest support level on the Daily timeframe, the lows of March 28 - April 1.
**JPY (J6M19) USDJPY currency pair remains in the downtrend and the correction wave develops. A pullback selling opportunity will appear after the correction completion on the Daily timeframe. Short positions (USDJPY) will remain relevant until the market is below the nearest resistance level on the Daily timeframe, the highs of March 14 - 18.
***WTI (CLK19) The market remains in the uptrend. The correction came to an end last week and the pullback buying opportunity was formed. Long positions will remain relevant until the market is above the nearest support level on the Daily timeframe, the lows of April 4 - 5.
***CAD (D6M19) USDCAD currency pair remains in the downtrend and the correction wave develops. A pullback selling opportunity will appear after the correction completion on the Daily timeframe. Short positions (USDCAD) will remain relevant until the market is below the nearest resistance level on the Daily timeframe, the highs of March 27 - 29.
**XAU (GCM19) The market remains in the downtrend and the correction wave develops. A pullback selling opportunity will appear after the correction completion on the Daily timeframe. Short positions will remain relevant until the market is below the nearest resistance level on the Daily timeframe, the highs of March 25 - 27.
***XAG (SIK19) The market remains in the downtrend and the correction wave develops. A pullback selling opportunity will appear after the correction completion on the Daily timeframe. Short positions will remain relevant until the market is below the nearest resistance level on the Daily timeframe, the highs of March 25 - 27.
**AUD (A6M19) AUDUSD currency pair remains in the uptrend. The correction came to an end last week and the pullback buying opportunity was formed. Long positions (AUDUSD) will remain relevant until the market is above the nearest support level on the Daily timeframe, the lows of April 2 - 3.
***NZD (N6M19) NZDUSD currency pair remains in the downtrend. The correction came to an end last week and the pullback selling opportunity was formed. Short positions (NZDUSD) will remain relevant until the market is below the nearest resistance level on the Daily timeframe, the highs of March 29 - April 2.
(R6M19) USDRUB currency pair remains in the downtrend. The correction came to an end last week and the pullback selling opportunity was formed. Short positions will remain relevant until the market is below the nearest resistance level on the Daily timeframe, the highs of March 29 - April 2.
The resistance level was broken on the Daily timeframe on Monday, the trend is bullish now and the impulse wave develops. A pullback buying opportunity will appear after the correction formation on the Daily timeframe. Long positions will remain relevant until the market is above the nearest support level on the Daily timeframe, the lows of March 25 – 29.
The market remains in the uptrend. The correction came to an end last week and the pullback buying opportunity was formed. Long positions will remain relevant until the market is above the nearest support level on the Daily timeframe, the lows of April 3 – 5.
COT indicator reversed. CFTC reports indicate that large speculators are buying the dollar, hedgers are selling and the professionals' opinion corresponds to the Daily trend direction.
EURUSD currency pair remains in the uptrend. The correction came to an end last week and the pullback buying opportunity was formed. Long positions (EURUSD) will remain relevant until the market is above the nearest support level on the Daily timeframe, the lows of April 2 – 3.
USDCHF currency pair remains in the downtrend and the correction wave develops. A pullback selling opportunity will appear after the correction completion on the Daily timeframe. Short positions (USDCHF) will remain relevant until the market is below the nearest resistance level on the Daily timeframe, the highs of March 7 – 13.
COT indicator reversed. Large speculators began to buy franc and the professionals' opinion corresponds to the Daily trend direction.
GBPUSD currency pair remains in the uptrend. The correction came to an end last week and the pullback buying opportunity was formed. Long positions (GBPUSD) will remain relevant until the market is above the nearest support level on the Daily timeframe, the lows of March 28 – April 1.
USDJPY currency pair remains in the downtrend and the correction wave develops. A pullback selling opportunity will appear after the correction completion on the Daily timeframe. Short positions (USDJPY) will remain relevant until the market is below the nearest resistance level on the Daily timeframe, the highs of March 14 – 18.
The market remains in the uptrend. The correction came to an end last week and the pullback buying opportunity was formed. Long positions will remain relevant until the market is above the nearest support level on the Daily timeframe, the lows of April 4 – 5.
USDCAD currency pair remains in the downtrend and the correction wave develops. A pullback selling opportunity will appear after the correction completion on the Daily timeframe. Short positions (USDCAD) will remain relevant until the market is below the nearest resistance level on the Daily timeframe, the highs of March 27 – 29.
COT indicator decreased but didn't reverse. CFTC reports indicate that large speculators are buying the Canadian dollar and hedgers are selling and the professionals' opinion corresponds to the market technical picture.
The market remains in the downtrend and the correction wave develops. A pullback selling opportunity will appear after the correction completion on the Daily timeframe. Short positions will remain relevant until the market is below the nearest resistance level on the Daily timeframe, the highs of March 25 – 27.
COT indicator decreased but didn't reverse. Large speculators are buying gold and the professionals' opinion doesn't correspond to the market technical picture and it makes sense to reduce the position size when an entry point appears in the trend direction.
Gold (GCM19). Technical analysis and COT net position indicator.
AUDUSD currency pair remains in the uptrend. The correction came to an end last week and the pullback buying opportunity was formed. Long positions (AUDUSD) will remain relevant until the market is above the nearest support level on the Daily timeframe, the lows of April 2 – 3.
NZDUSD currency pair remains in the downtrend. The correction came to an end last week and the pullback selling opportunity was formed. Short positions (NZDUSD) will remain relevant until the market is below the nearest resistance level on the Daily timeframe, the highs of March 29 – April 2.
USDRUB currency pair remains in the downtrend. The correction came to an end last week and the pullback selling opportunity was formed. Short positions will remain relevant until the market is below the nearest resistance level on the Daily timeframe, the highs of March 29 – April 2.
In terms of medium-term trading, financial instruments with the correction close to completion on the Daily timeframe and with potentially the most promising risk-reward ratio are USDJPY, EURUSD and USDCAD.
In the near future, USDCHF, gold and silver can become noteworthy depending on the market correction depth.