Tonights military stikes against Iran and other countries is causing a high degree of volatility across the Usd, Gold, Oil, Treasuries, Stocks et al. This could strongly affect the macro picture across the board over time. It could even cause alternate items such as bitcoin. Commodities as well. Depending on severity.
AUDUSD 4 HOIR CHART – MODEST RETRACEMENT
2 RED aT LINES DRAWN OFF THE LOW SIGNALED A CGNAGE IN DIRECTIONAL RISK AND THIS WAS FOLLOWED BY A MODEST RETRACEMENT.
kEY LEVELS ARE AT .6388 AND .6493
WHAT AT SAYS:
FOR,6456 TO BECOME THE KEY RESISTANCE LEVEL, THERE WOULD NEED TO BE A KEY LOW.
TO SUGGEST A BIGGER RETRACMENT.A THIRD AT RED LINE WOULD NEED TO BE FORMED FOLLOWED BY A .6456 BREAK.
BOTTOM LINE, THE TREND IS STILL YOUR FRIEND UNLESS .6456 IS BROKEN.
April 19 (Reuters) – A look at the day ahead in Asian markets.
Asian markets will hope to end a bruising week on a positive note on Friday, but fraying global sentiment and a reluctance to take on much risk ahead of the weekend amid persistent Middle East tensions could limit any upside.
EURUSD 30 MINUTE CHART – HOW I LOOK AT THIS CHART
The lines on my charts are drawn automatically in real-time using the Amazing Trader charting algo
On this chart, the three descending blue (ladder) lines indicate risk to the downside.
The strategy says if putting on a trade, sell with a stop above the most recent blue ladder line that preceded a new low.
Risk stays on the downside as long as the most recent nue line that preceded a new low stays intact.
Vice versa for red lines when risk is on the upside.
US500 4 HOUR CHART -Make or break time for the S&P
Falling blue AT lines indicate momentum continues to build to the downside as equities in general remain under pressure as the reality of a Fed on hold sinks in.
The key focus for all equities is on the S&P 5000 level… it is probably more important than any technical level at this stage.
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