VantagePoint Forex Weekly Outlook for the Week of March 11th, 2019

Let’s look at the charts for the U.S. Dollar and the major pairs.

Forex and the U.S. Dollar

The U.S. Dollar Index is the backbone of forex trading. The bulk of the trades involves buying or selling the U.S. dollar. Understanding the movements of the individual market will greatly benefit forex traders as they will be able to better predict the movements of the pairs based on the IDX market movement.

Key levels and market movements:

Despite that headline number talking about unemployment, the U-6 number and average hourly wage was quite good. But despite that number, the Dollar has had a negative reaction.

What do the indicators say?

The VantagePoint key level is at 96.740. In addition, the VantagePoint PRSI is at 77.7.

Forex Weekly Outlook for Major Pairs

The major pairs are where most Forex traders trade the market. In the Forex Weekly Outlook we take a look at the most popular, therefore helping Forex Traders. We analyze price action, as well as news events and/or risk off scenarios. All those play a role in market movement. VantagePoint Software reviews the Forex Weekly Outlook each Monday.

Euro/U.S. Dollar (EUR/USD)

What do the indicators say?

The VantagePoint key level is at 1.1293. In addition, the VantagePoint PRSI is at 7.8.

U.S. Dollar/Swiss Franc (USD/CHF)

What do the indicators say?

The VantagePoint key level is at 1.0022. In addition, the VantagePoint PRSI is at 83.2.

British Pound/U.S. Dollar (GBP/USD)

What do the indicators say?

The VantagePoint key level is at 1.3110. In addition, the VantagePoint PRSI is at 21.1.

U.S. Dollar/Japanese Yen (USD/JPY)

What do the indicators say?

The VantagePoint key level is at 111.40. In addition, the VantagePoint PRSI is at 36.6.

The Commodities Currencies

U.S. Dollar/Canadian Dollar (USD/CAD)

What do the indicators say?

The VantagePoint key level is at 1.3297. In addition, the VantagePoint PRSI is at 79.3.

Australian Dollar/U.S. Dollar (AUD/USD)

What do the indicators say?

The VantagePoint key level is at 0.7093. In addition, the VantagePoint PRSI is at 28.5.

New Zealand Dollar/U.S. Dollar (NZD/USD)

What do the indicators say?

The VantagePoint key level is at 0.6008. In addition, VantagePoint PRSI is at 48.4.

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