A GLIMPSE ONUSDIN

GLOBAL MARKETS

05Apr, 2022

Performance of Global Indexes

GLOBAL INDEXES
1Month 3Months 6Month 1Year
DOW JONNES
3.89% -4.08% 1.77% 3.32%

NASDAQ 100
9.55% -3.88% 3.31% 9.49%

FTSE 100
8.12% 0.52% 6.72% 9.22%

GOLD$ TERM
-1.98% 5.48% 9.35% 10.07%

US DOLLAR INDEX
0.40% 2.99% 5.38% 7.45%

NIFTY
10.54% 0.18% 0.76% 21.05%

BRENT CRUDE
-8.00% 34.50% 31.80% 72.96%

A Glimpse on a Global Markets. Page 1

 Dow Jonnes Industrial
USDIN Average

DJIA is consolidating in an expanding triangle. Index broke below lower band of triangle at
33150 and again given a pull back in a triangle. It holds 38% of a rally from 26143-36952
place at 32823 and bounce back.
Index is holding above 40EMA. If it sustain above 40EMA, it is expected to retrace till 35168
and eventually head towards 35953 ie 61% & 78% Fibonacci retracement of a fall from
36952-32284 respectively. On a down side, support is place at 34144(20Sma) and 33500.
Nasdaq100

Nasdaq 100 made a recent low of 13021 and bounce back. It holds 38% Fibonacci
retracement of a rally from 6772-16765 at 12947.
It breaks above falling channel from high of 16605 and also taken out key averages of 20SMA
& 40EMA. If it breaks above 15231 and 15332 ie a confluence of horizontal resistance and
61% retracement of a fall 16765-13021. Index is expected to retrace till 14893 and heads
towards 15334 ie 50% and 61% of a fall from 16765-13021. On a contrary, support is place at
14399-14130.

A Glimpse on a Global Markets. Page 2

 FTSE 100
USDIN

FTSE hold lower band of expanding triangle and bounce back. Index is expected to rally till
upper Bollinger band place at 7700 and finally head towards upper band of expanding
triangle place at 7780. Support on the index is place at 7415 and 7285.

Brent Crude

Brent Crude retraces 61.8% of a fall from 139-96.9 place at 123. It is getting into
consolidation into symmetrical triangle. It is taking a breather before fresh rally get started
on higher side. On higher side 118 will act as resistance and 102-97 will act as support.

A Glimpse on a Global Markets. Page 3

 GoldUSDIN
$ Term

Gold breaks above consolidation of symmetrical triangle, which it was forming from start of
2021. It hit a high of 2079 and witnesses a profit booking.
It get into consolidation forming a small rising channel. Closing above upper band of channel,
it can move to test a swing high of 2079. Whereas close below channel at 1920 it can fall till
1835.
US Dollar Index

US Dollar index (DXY) bounce till upper band of rising channel as it made a high of 99.42. It
forms bearish engulfing candle ie a sign of reversal. In case of breaking above a channel, it
can retrace till 78% of a fall from 103-89.2 which is place at 100.
It is consolidating in a smaller range between 99.4-97.6. Breaking above 99.4 will push index
till 100. On down side 97.5 will act as support breaking below that will open down side till
96.3

A Glimpse on a Global Markets. Page 4

 US 10Yrs TBill Yield
USDIN

US 10yrs T-Bill forms inverted head and shoulder on a weekly chart. It is moving in a
channelize formation. It hit upper band of rising channel and 78% Fibonacci retracement of
fall 3.27-0.3 is place at 2.64. It made a high of 2.55. It is expected to cool off a bit till 2.10
as stochastic is in overbought region. Support on US 10yrs TBill Yield is place at 2.10 and
1.65.

ETHUSD

ETHUSD breaks above falling channel. It is forming double bottom pattern and it close above
a neckline of 3293. Target of double bottom is place at 4400. Resistance on a higher side is
place at 3828 and 4278 ie 61% and 78% Fibonnaccii retracement of a fall from 4864-2161.
Support on ETHUSD is place at 3000-2875.

Rayyan Hasan Kuwari, CMT

Technical Research Analyst.

A Glimpse on a Global Markets. Page 5