Daily Analysis

There was some crazy moves going on yesterday post Fed announcement. Looking for the market to settle and present some good trading opportunities.

23th March 2015

It is likely that the impact of last weeks Fed is still feeding through.

Prices are still correcting and we need to see if dollar strength is going to continue or maybe we are witnessing a top.

Calling tops is a dangerous game so we need to wait for further clarification.

Not much change from yesterday. I still see price correcting and I am not considering it to be a reversal until I see further clarification.

The Dollar Index is grinding lower but unless it makes new lows and breaks the key resistance I still anticipate the trend will resume.

USDJYP looks like it could have some room for some short side potential with a near term target of around 118.30.

I still see the S&P testing previous highs