03/28 Market report

【Dow Jones】

Bank of America's research report shows that the bullish sentiment indicator of the U.S. banking market is in the green buying zone for the first time after the COVID-19 pandemic. This indicates that the probability of US stocks rising in the next few weeks is quite high.

In addition, the cash positions in the United States have now reached the highest level since April 2020. This shows that there is still a ‘wait and see’ situation at this stage.

From the technical line of Dow Jones's daily line, Alligator has shifted from a tangle to a golden cross. The price has almost risen back to the pre-Ukrainian war price.

However, the KD index at this stage still shows a death crossover. If the market consolidates in the next few days, the KD index will start to reverse. Alligator will then continue to become larger. Should there be no big fall in the Dow in the next few days, the market will naturally stand on the buy side.

USA30-D1

Resistance point 1: 35200 / Resistance point 2: 35800 / Resistance point 3: 36200

Support point 1: 34200 / support point 2: 33500 / support point 3: 33200

【Japanese Yen】

In the bank of Japan's earlier interest rate decision, there was a vote of 8:1, the decision fund rate was maintained at -0.1%, and the 10-year Treasury nominal interest rate was 0%. During this unstable environment, the Bank of Japan has still maintained a rather loose pace. It was after the Japanese interest rate decision that USDJPY began to soar all the way.

From the daily technical line of USDJPY, new highs have been broken many times.

This soaring trend chart shows a bullish trend on many indicators.  When trading this market, it is advisable not to go against the trend and to pay more attention to risk management.

USDJPY-D1

Resistance point 1: 122.800 / Resistance point 2: 123.500 / Resistance point 3: 124.200

Support point 1: 121.500 / support point 2: 120.500 / support point 3: 119.800

【Bitcoin】

Russia's energy commissioner said in a video news conference that the countries friendly to Russia can use their own currency or bitcoin to buy oil with Russia.

From the recent daily technical line of Bitcoin, it seems that it has risen to the upper edge of the recent consolidation range. Coupled with the Alligator golden cross, KD is also a high-end figure. This indicates that the Bitcoin has a strong buying force and the possibility of a breakthrough is quite high.

BTCUSD-D1

Resistance point 1: 45200.00 / Resistance point 2: 45800.00 / Resistance point 3: 46500.00

Support point 1: 44000.00 / support point 2: 43200.00 / support point 3: 42800.00

【Crude Oil】

Geopolitical risks in the Middle East are once again being raised.

A missile strike at a Saudi Arabian oil storage depot in Jeddah sent crude prices up more than 1% Friday, reversing a 2% drop from earlier in the day and giving the market its best weekly gain since the Russian invasion of Ukraine. Yemeni Houthi rebels appeared to be behind the attack, with a spokesperson for the group saying it “would be announcing more details on a wide operation in Saudi Arabia” later in the day.The German Economy Ministry is also expected to cut Russia's oil dependence in half by this summer. They have halted hard coal imports to Russia in the autumn, and Germany's goal is to lower their reliance on Russian oil imports.

From the daily technical line of crude oil, the current Alligator golden cross and the KD is at a high-end figure. This indicates that the buying strength of the crude oil is very strong. Coupled with the recent crude oil supply of Saudi Arabia being attacked by Yemeni rebels, the possibility of crude oil prices challenging the recent highs is quite high.

USOIL-D1

Resistance point 1: 115.800 / Resistance point 2: 118.500 / Resistance point 3: 120.200

Support 1: 110.200 / Support 2: 108.500 / Support 3: 105.800

OnePro Special Analyst

Buy or sell or copy trade crypto CFDs atwww.oneproglobal.com

The foregoing is a personal opinion only and does not represent any opinion of OnePro Global, nor is there any guarantee of reliability, accuracy or originality in the foregoing.

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