eMini S&P500 And GBPUSD On 3/25/19

TL;DR

A comprehensive analysis of various markets, including the yen, S&P, pound, and euro, as well as potential trading strategies for the current session and the upcoming week.

Transcript

hi guys good morning Monday 25th of March just having a quick look over some of the markets how we're currently trading following the the weekend digestive of the the news and where we finish Friday and some possible ideas for the rest of this session and and week ahead as we come into the sort of the last full trading week of the quarter a month l... Read More

Key Insights

• 🧡 The yen and the dollar have been range-bound, suggesting a lack of significant market activity.
• 🤩 The S&P has a key level at 2825, with a recent breakout above 2800 but a potential retest of previous lows.
• 🙃 The pound has the potential for an upside breakout if it breaks above a trendline and resistance levels.

Questions & Answers

Q: What is the current trend in the yen and its relationship with the dollar?

The yen has been trading within a range, drifting lower following a global market sell-off. It is indicative of the dollar's movement, suggesting a lack of significant market activity.

Q: What is the key level in the S&P and its importance?

The S&P has a key level at 2825, which is significant for both bulls and bears. This level has been important since October last year, serving as a line in the sand for market participants.

Q: What is the potential trading strategy for the pound?

If the pound breaks above a trendline and resistance levels at 13250 and 13300 on the futures, there could be further upside potential. However, a strengthening dollar could lead to a downside breakout, targeting Friday's support levels.

Q: What is the outlook for the euro and its trendline?

The euro has a respected trendline from Friday's low, having been respected multiple times. A break and close below this trendline could lead to a push lower towards the day's low and Friday's support levels.

Summary & Key Takeaways

• The yen and the dollar have been trading in a range, with the yen showing a slight drift downwards following a global market sell-off.

• The S&P has a key level at 2825, which is important for both bulls and bears. There has been a breakout above 2800, but a recent downturn suggests a potential retest of previous lows.

• The pound is trading intraday, with the possibility of breaking above a trendline and resistance levels at 13250 and 13300. However, a strengthening dollar could lead to a downside move.

• The euro has a well-respected trendline from Friday's low, and a break and close below that could push prices lower towards the day's low and Friday's low.