The Pattern Pulse – 27 March 2025
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- March 27, 2025
XJO WEEKLY: Last week’s low saw the retest of the 6890 completed, with a high close in the range.
READ MOREUS Dollar Index: The US dollar index, or ‘DXY’, a measure of the value of the USD relative to a basket of foreign currencies, climbed nine out of ten days. After retesting the 200-day SMA (97.76) and a supply-turned demand zone at 97.35/97.85, the index retained a strong underlying bid, toppling a familiar supply area
READ MOREEUR/USD: Monthly timeframe: Brought forward from previous analysis: Long term, EUR/USD’s primary trend has faced a southerly trajectory since topping in mid-July 2008, at 1.6038. Activity on the monthly chart remains languishing south of a resistance area at 1.2048/1.1653 as well as a trendline resistance (1.6038). Downside risk remains on this timeframe until connecting with
READ MOREEUR/USD: Monthly timeframe: Brought forward from previous analysis: Long term, EUR/USD’s primary trend has faced a southerly trajectory since topping in mid-July 2008, at 1.6038. Activity on the monthly chart remains languishing south of a resistance area at 1.2048/1.1653 as well as a trendline resistance (1.6038). Downside risk remains on this timeframe until connecting with
READ MOREEUR/USD: Monthly timeframe: Brought forward from previous analysis: Long term, EUR/USD’s primary trend has faced a southerly trajectory since topping in mid-July 2008, at 1.6038. Activity on the monthly chart remains languishing south of a resistance area at 1.2048/1.1653 as well as a trendline resistance (1.6038). Downside risk remains on this timeframe until connecting with
READ MOREXJO WEEKLY: Last week’s low saw the retest of the 6890 completed, with a high close in the range.
READ MOREAustralian 200 index – Weekly
The WEEKLY chart of the XJO remains in a Primary UPTREND. With the week closing at 7017 points, this level remains vulnerable to a further breakdown. Further weakness would look for 6893 as Major support to be tested. The current small range weekly bars indicate a lack of sellers, however this will change.
Australian 200 index – Weekly
The WEEKLY chart of the XJO remains in a Primary UPTREND. A short range week showing a loss of upward momentum. Traders would look for the 7000 level to hold. A further break down would target 6893 as a retest of the initial breakout from the ascending pattern.
Australian 200 index – Weekly
The WEEKLY chart of the XJO remains in a Primary UPTREND. With a solid breakout and follow through, 7300 remains as the extension target. Long periods of consolidation often lead to extended price breakouts, look for the Financials to continue to lift the Index higher. RSI remains over the key 50 level and turning higher, confirmation of increasing price momentum.
Australian 200 index – Weekly
The WEEKLY chart of the XJO remains in a Primary UPTREND. Current weekly chart displays a solid breakout from the ascending pattern, a further price extension to 7300 is achievable. Financials remain the driver for further Index gain.
Australian 200 index – Weekly The WEEKLY chart of the XJO remains in a Primary UPTREND. The ascending pattern continues to consolidate Below the 6893 closing high from November. Last weeks OP is a bearish signal. The support level of 6630 remains to be tested in the coming weeks.
READ MOREAustralian dollar The Australian dollar declined against the USD on Friday as the market reacted to positive US jobs numbers. Data from the Bureau of Labour Statistics (BLS) showed that the economy added more than 266k jobs. These numbers were boosted by the end of the General Motors strike. The market had low expectations on
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