4/2 Watchlist

The S&P 500 and Treasury 30-year bond futures are unchanged from the abbreviated session reported in the Morningline.

Gold and crude oil futures continued to push up a bit higher during the day. The EUR/USD and USD/JPY currency pairs each was a bit off the morning's extremes.

With the U.S. stock markets closed for a Christian holiday, the watchlist will covered only forex.

Forex

Psar bull signal:

• AUD/CAD, analysis. At C$0.9282. Psar phase switch to bear. The bull signal was a whipsaw and so a FAILURE.
• AUD/NZD, analysis. At NZ$1.3021. Next reversal at NZ$1.3097. This bull signal is with the present trend, but the adx is low at 15.
  
• AUD/USD, analysis (same as AUD/CAD). At $0.9188. Next reversal at $0.9251. Weakly trendig, with an adx of 11 (and really a broader sideways trend).
• EUR/CAD, analysis. At C$1.3625, psar has switched from bull to bear. This signal was a FAILURE with a 1.2% decline. (Note that it was countertrend, which has the higher rate of failure.) See the bear signal section for coverage of the new signal.
• GBP/USD, analysis. At $1.5197, a pullback from the peak. Next reversal at $1.5380. An upward signal is counter to a long-running downtrend.

Psar bear signal:

• EUR/CAD, analysis. At C$1.3625. Next reversal at C$1.3570. This signal is with the broader trend and so should have a greater probability of success. in theory.
• USD/CHF, analysis (same as GBP/CHF). At SFr. 1.0621. Next reversal at SFr. 1.0367. A higher high from Thursday but lower from Wednesday.