Industrial Investment: Revisions after the Great Forex Market Earthquake The US stock market circuit breaker is difficult to make waves again

Industrial Investment: Revisions after the Great Forex Market Earthquake The US stock market circuit breaker is difficult to make waves again
2020year3month10day
Fundamentals
Driven by the news of Saudi Arabia's price limit and production increase over the weekend, the market's risk aversion sentiment rose. On Monday, major currencies opened sharply short, with safe haven currencies such as the Japanese yen, Swiss franc, and euro skyrocketing, while commodity currencies such as the Australian dollar, New Zealand dollar, and Canadian dollar plummeted. However, the extreme trend in the market did not continue, and a correction was quickly launched, even though the European stock market hit a new level2016The largest decline since the British referendum in, triggered by the circuit breaker mechanism in the US stock market, failed to further drive the market's trend.
The unilateral market trend in the past two weeks has been quite sharp. Yesterday's morning trading was more like a last resort, followed by a brief consolidation period to revise the previous market until new news stimulates, such as the UK's upcoming budget release tomorrow and the European Central Bank's interest rate resolution on Thursday, driving a new trend in the market. It is expected that the short-term oversold rebound of the US dollar will indirectly create pressure on non US currencies.
It is reported that the meeting between White House officials and Wall Street executives is scheduled for Wednesday, and the two sides may discuss rescue actions or gradually restore rationality to the market.
Technical aspect
euro/dollar
Daily chart on1.1500A reversal signal is issued below, and the random indicator tends to fall from the overbought range, with short-term or correction.4The hourly chart is highly organized, with downward pressure. Hour chart on1.1500Add more candlesticks with a long upper shadow line below, and gradually increase the shadow line, indicating a pullback risk. Suggestions for the day1.1425Short below, let's take a look first1.1340Near.
support level ： 1.1350 1.1300 1.1250
Resistance level: 1.1425 1.1440 1.1480
pound/dollar
Daily chart jumps into the sky and opens high to include propellers. Stay cautious and pay attention to further upward movements100Daily moving average support,4After the combination of the hour chart with dark clouds covering the top, the cross star was also included, and then it fell back. There is still a downside risk in the short term. Hour chart falling from high position, current test1.3040On the front line, if there is a downward breakthrough, a short-term correction will occur. Suggest cautious operation within the day, slightly inclined1.3100Short below, break below1.3040follow-up.
Support position: 1.3040 1.3000 1.2940
Resistance level: 1.3100 1.3120 1.3170
dollar/Japanese yen
The daily chart is severely oversold, and random indicators tend to rebound from the oversold range or correct towards5The daily moving average is approaching.4Hour chart on101.20Stable on the front line, there is still room for rebound in the short term. There are signs of stabilization after the large bearish candlestick chart, with a short-term rebound but limited upward mobility. Intraday tendency103.20Long above, let's take a look first104.40。
Support position: 103.20 103.00 102.70
Resistance level:104.40 104.60 104.80
gold
The daily chart jumps high and then falls, with random indicators tending to fall from overbought areas.4The hourly chart is organized at high levels, with fierce competition between long and short positions. Hour chart on1700Frontline obstructed and falling back, short-term support and attention1660. Suggest breaking down within the day1660Follow up on short selling.
Support position: 1660 1642 1632
Resistance level: 1681 1686 1692
silver
Daily chart on17.60Facing resistance on the front line, the random indicators tend to further decline.4After the hourly chart falls back from its high position, it16.50Support was found above, but there is a lack of rebound momentum, and it may still be expected to decline after consolidation. Hour chart down in17.10Organize below or tend to break down. Suggestions for the day17.10Short below, break below16.70follow-up.
Support position: 116.80 16.70 16.55
Resistance level: 17.10 17.15 17.25