U.S. Stock Market
Review: |
U.S. indices closed higher on Monday, driven by gains in the Healthcare, Technology and Utilities sectors. The Dow Jones rose by 3.19%, the S&P 500 climbed 3.35% and the NASDAQ Composite added 3.62% to its value. |
Technical comment: |
The NASDAQ 100 RSI calls for a new upleg. |
Preference scenario: |
Long positions above 7,480 with targets at 7,990 and 8,250 in extension. |
Alternative scenario: |
Below 7,480, look for further downside with 7,290 and 7,085 as targets. |
Resistance | 7,990 | 8,250 | 8,525 |
Support | 7,480 | 7,290 | 7,085 |

Japanese Yen
Review: |
The USD/JPY traded lower, closing at 107.99. |
Technical comment: |
Intraday technical indicators are mixed. |
Preference scenario: |
Long positions above 107.10 with targets at 108.45 and 109.05 in extension. |
Alternative scenario: |
Below 107.10, look for further downside with 106.50 and 105.90 as targets. |
Resistance | 108.45 | 109.05 | 110.05 |
Support | 107.10 | 106.50 | 105.90 |

Gold
Review: |
Gold prices were slightly lower on Monday as equities opened the week on a positive note, shrugging off President Donald Trump’s decision to keep existing advice again non-essential business and movement in place until the end of April. |
Technical comment: |
The RSI is below its neutrality area at 50%. |
Preference scenario: |
Short positions below 1,627.25 with targets at 1,608.75 and 1,594 in extension. |
Alternative scenario: |
Above 1,627.25, look for further upside with 1,637.50 and 1,645.50 as targets. |
Resistance | 1,627.25 | 1,637.50 | 1,645.50 |
Support | 1,608.75 | 1,594.00 | 1,586.00 |

Crude Oil
Review: |
With some 3 billion of the world’s population not driving, commuting or flying because of COVID-19, oil has nowhere to go but down, accelerating its slide beneath $20 per barrel on Monday. |
Technical comment: |
As long as 20.85 is the resistance, expect a return to 19.25. |
Preference scenario: |
Short positions below 20.85 with targets at 19.25 and 18.65 in extension. |
Alternative scenario: |
Above 20.85, look for further upside with 21.50 and 21.95 as targets. |
Resistance | 20.85 | 21.50 | 21.95 |
Support | 19.25 | 18.65 | 18.25 |

Euro (EUR)
Review: |
The EUR/USD fell on Monday, closing at 1.1029. |
Technical comment: |
As long as 1.1060 is the resistance, expect a return to 1.0950. |
Preference scenario: |
Short positions below 1.1060 with targets at 1.0950 and 1.0895 in extension. |
Alternative scenario: |
Above 1.1060, look for further upside with 1.1105 and 1.1145 as targets. |
Resistance | 1.1060 | 1.1105 | 1.1145 |
Support | 1.0950 | 1.0895 | 1.0850 |

British Pound (GBP)
Review: |
The pound traded higher on Monday, closing at 1.2388. |
Technical comment: |
The RSI is below its neutrality area at 50%. |
Preference scenario: |
Short positions below 1.2475 with targets at 1.2290 and 1.2205 in extension. |
Alternative scenario: |
Above 1.2475, look for further upside with 1.2560 and 1.2620 as targets. |
Resistance | 1.2475 | 1.2560 | 1.2620 |
Support | 1.2290 | 1.2205 | 1.2140 |
