Not a lot has changed since yesterday’s update with the few breakout trades limping on and just two new trades triggering. Watch today with CNY CPI and PPI, GBP Manufacturing data and US Crude Inventories.
USDX weekly: watch for any new breakout:
EURX weekly: ditto:
Trend line breakout trades and TC signals:
EUR/USD:
EUR/USD 4hr: now at 110 pips but watch the 61.8% fib for any support:
EUR/USD 15 min: now at 5 R:
EUR/JPY:
EUR/JPY 4hr: at 130 pips but, like with the EUR/USD, watch the 61.8% fib for any support:
EUR/JPY 15 min: now at a massive 200 pips and 8R:
EUR/NZD:
EUR/NZD 4hr: now at 160 pips:
EUR/NZD 15 min: now at 2.5 R:
Oil: a new breakout here since yesterday’s update:
Oil 4hr: yesterday’s chart:
Today’s Oil 4hr chart after breakout for 130 pips:
Oil 15 min: this even gave an ok 2R TC signal:
AUD/JPY: a new breakout here:
AUD/JPY 4hr: 50 pips:
AUD/JPY 15 min: just 1 R for now:
GBP/JPY: no 4hr trend line breakout yet BUT a great TC signal after rejection off the weekly 200 EMA. I have been warning about the impact of this major Resistance zone for WEEKS!
GBP/JPY 15 min: a great 8 R trade here after a very low-risk set up:
GBP/JPY 4hr: watch for any new breakout:
Gold 4hr: a 95 pip move here but watch for any support from the $1,300 level. Note the revised trend lines here now though. A bit Bull Flag like?
Other Forex:
AUD/USD 4hr: a Bull Flag setting up here? Note the lack of momentum. Watch Flag trend lines for any new breakout, especially with CNY data today:
NZD/USD 4hr: watch trend lines for any new breakout:
GBP/USD 4hr: a Bull Flag setting up here too? Note the lack of momentum. Watch Flag trend lines for any new breakout, especially with GBP data today:
USD/JPY 4hr: Watch triangle trend lines for any new breakout:
