SGT Chart Book 01.04.24

sgt_chartbook

Happy Easter Everyone: A Shorter Holiday Edition.

USA500

Strong first quarter of 2024, with gains over 10%. Last week again saw new highs for this rally. The hourly chart shows trendline support beneath market levels.

USA100

Short-term trendline resistance can be seen, with a series of lower highs.

US 10-YEAR

A short-term downtrend which will need a break above the trendline to create some relief.

DXY

The dollar rallies. Is it a breakout for retesting the 107.35, October 2023 highs?

USDJPY

Testing of UDJPY 152 shows the market believes that this level has the BOJ watching closely.

XAUUSD

Gold hits new all-time highs closing well above $2,200 an ounce.

USOIL

From a technical perspective, the market is confined within the approaching trendlines. Oil is up over 16% year to date. Not great for inflation.

BTCUSD

BTC takes a breather after making new highs during Q1.

Join us next week for more market insights.

 

Happy trading,
SGT Trading Desk

trading@sgt.markets

Disclaimer: Trading Desk Observations are not trade recommendations. The purpose of these charts is to bring to your attention potential chart patterns you may wish to monitor.

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