Currencies

I am not a currency trader but some of you might be and due to correlations in the markets think worthwhile to check up on these at least once a week.

DXY below all pivots and looks like we should see that 1HS1 level at least. 

DXY also below Q2P and AprP with no immediate support. 

Here are all long term and medium term levels on one chart.

EURUSD above long term levels and may see 1HR1.

EURUSD did tag Q1R1 on the last day of the quarter.

USDJPY breaking YS2! This is a big deal. Bearish below that level 110.62. 

Since announcement of negative rates USDJPY has been sharply lower; below all pivots from 2/3/16.

AUDUSD top on 1HR1 but still above YP. 

GBPUSD W under YP / HP from the start. Second break of YS1 in last 3 weeks is bearish. Trying to hold 1HS2 now. So from here I'd say a break below 1.4007 should mean down to the lows or YS2 1.371.

Q2 moving sharply lower so far, already from Q2P to 1HS1 and break of AprP and YS1 in the process.

Lastly the digital currency wish I knew about earlier. I thought bitcoin might get a run this year but alas right idea wrong vehicle! ETHUSD "Ethereum." 1 day break of AprP and recovery, note March low was exactly on the pivot. 

Currencies

Seems like we should see a long term support level on DXY, so that means lower. 

With new Q2 and Apr pivots just 2 days away I will just go straight to quarterly and monthly charts. Actually that is classic BB & RSI divergence on the 2015 Q4 bar. No one should be surprised at some selling here. 10MA far below, room for more pullback. 

Although the M chart looks more bullish, just drop to nicely rising 20MA with RSI in uptrend buy area. Not sure which chart wins here. 

EURUSD lifting up from YP again, will it reach 1HR1?

EURUSD Q chart bounce with similar BB & RSI divergence. 

Although also heading into falling 20MA, near test once so maybe clears this time.

USDJPY low on YS2, but upside limited if USD is weak. 

Now there is a good example of the importance of this exercise... 2015 Q4 small blue bar with wick and lower close that high begs for a drop in the next bar, and that is how it played out. 

Small blue bar in 2016 Jan too, so once Q and M chart showing weakness there was meaningful drop. 

AUDUSD decent rally from 1HS1 along with GLD. Almost tagged 1HR1 but above YP for the first time in quite a while. I also mentioned this as long term buy and hold possibility for this reason a couple weeks ago.

Seems like bounce more to go on this Q chart. 

But M chart heading into falling 20MA, watch for resistance. 

Back in February I noticed that BTCUSD looked good above all pivots, and though if there were stories about $ getting out of China, gold up etc then a digital currency might get a run. It didn't do much. Too bad I didn't know about Ethereum, up to 1530% this year at the highs from 12/31/2015 close, and still up a decent 1190% to today :) Above all pivots with clear support from 1/16-17 of this year and monthly pivot holding the pullback both in early Feb and exact low in March!