EPISODE · Mar 18, 2026 · 3 MIN
Algo's Overwatch
from The "Forex Morning Mayhem" Podcast · host Bill Skrzypczak
The current market sentiment, as of March 18, 2026, shows a universal Long Bias across all major USD pairs, though the execution strength varies significantly between the majors and the exotics. On the major front, GBPUSD stands out as the high-conviction play with a Strong Buy recommendation despite its currently "Weak" intensity; traders should look for entries near the 1.3300 psychological support level, targeting a recovery toward 1.3500 if the upcoming BoE sentiment leans hawkish. Both AUDUSD and EURUSD are currently flagged as Moderate Buys with low intensity, suggesting a "wait-and-see" approach for better value; for EURUSD, the 1.1540 level is a critical pivot point to watch, while AUDUSD is consolidating around 0.7070 following the recent RBA hike. In contrast, the USD-led pairs exhibit much higher momentum. USDCAD and USDCHF are both screaming Strong Buy with "Strong" and "Moderate" intensities respectively, making them the primary vehicles for those looking to ride the prevailing dollar strength toward resistance levels like 1.3850 for CAD. Finally, USDJPY remains a Moderate Buy with high intensity, but with price hovering near the 159.00 handle, traders must be wary of the 160.00 "intervention zone" where the Ministry of Finance has historically stepped in to curb yen weakness.
What this episode covers
The current market sentiment, as of March 18, 2026, shows a universal Long Bias across all major USD pairs, though the execution strength varies significantly between the majors and the exotics. On the major front, GBPUSD stands out as the high-conviction play with a Strong Buy recommendation despite its currently "Weak" intensity; traders should look for entries near the 1.3300 psychological support level, targeting a recovery toward 1.3500 if the upcoming BoE sentiment leans hawkish. Both AUDUSD and EURUSD are currently flagged as Moderate Buys with low intensity, suggesting a "wait-and-see" approach for better value; for EURUSD, the 1.1540 level is a critical pivot point to watch, while AUDUSD is consolidating around 0.7070 following the recent RBA hike. In contrast, the USD-led pairs exhibit much higher momentum. USDCAD and USDCHF are both screaming Strong Buy with "Strong" and "Moderate" intensities respectively, making them the primary vehicles for those looking to ride the prevailing dollar strength toward resistance levels like 1.3850 for CAD. Finally, USDJPY remains a Moderate Buy with high intensity, but with price hovering near the 159.00 handle, traders must be wary of the 160.00 "intervention zone" where the Ministry of Finance has historically stepped in to curb yen weakness.
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Algo's Overwatch
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