Mar 13 – Market Analysis

Not many changes on the matrix today.  USD and JPY have traded 1 point (USD losing and JPY gaining). Thus the weak, medium and strong camps are still the same.

There’s no news today, until the RBNZ rate meeting at 8pm tonight.

There were no S3 setups on the close of the 7am candle.  In terms of STAM, there was a S1S setup on EURCHF – for possibly the first time, I took this off the daily chart, rather than the 4H chart.

On the equity markets, I am seeing a bit of a pullback on the daily charts.  If they retrace a bit further and then put in some bullish price action, then I might finally get another setup.  As I said earlier, for now I am only looking to trade off the daily charts for the indices, rather than the 4H charts, thus setups are not going to be as frequent as for the FX markets.

Nothing on gold or oil.

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