There hasn’t been a lot of movement to start the week and the US$ remains above 92.50 support but still pegged by the weekly 200 EMA. There needs to be a decisive breakout from this zone before there is going to be worthwhile FX movement on many pairs. Watch today with AUD Monetary Policy Meeting Minutes, GBP CPI and USD Retail Sales.
USDX: watch for any breakout from the 92.50 – weekly 200 EMA zone with today’s USD Retail Sales:
Trend line breakouts: there have been a few rather minor breakouts although these did offer reasonable Risk to Reward trades on the TC 15 min charts:
GBP/JPY: a small bullish break here that did offer a 2R 15 min TC signal. Note the revised 4hr chart trend lines though:
G/J 4hr:
G/J 15 min: a 2 R trade before reversing:
G/J 4hr: revised 4hr trend lines:
AUD/JPY: a small bullish break here that did offer just a 1R 15 min TC signal. Note the revised 4hr chart trend lines here too:
A/J 15 min:
A/J 4hr: revised 4hr trend lines:
NZD/USD : this gave a tepid break but I have revised the 4hr chart trend lines:
Kiwi 4hr: revised trend lines:
Kiwi 15 min: not much on offer here with this TC signal but this is probably to be expected. I would not have taken this signal so close to a MAJOR S/R zone (0.73) and with little news on a Monday:
Other FX:
EUR/USD 4hr: watch the trend lines and 1.18 level for any new breakout:
EUR/JPY 4hr: ditto:
AUD/USD 4hr: ditto:
GBP/USD 4hr: watch the trend lines with today’s GBP CPI:
USD/JPY: this remains in the 4hr channel but note how bounces off the trend lines offer decent 15 min chart TC signals with low risk set ups:
U/J 4hr:
U/J 15 min:
GBP/AUD, GBP/NZD, EUR/AUD, EUR/NZD, USD/CNH, USD/TRY: all fairly similar to the weekend chart set ups.
Commodities:
Gold 4hr: a bit lower with the stronger US$ but $1,280 support holding for now. Watch the revised trend lines here:
Oil 4hr: lower but watch the trend lines for any new breakout:
Stock Indices:
STOXX-50: this did give a new TC LONG off the 15 min chart yesterday that is at 1R:
STOXX-50 15 min: as signal triggered:
STOXX-50 15 min: as of today:
ASX-200 4hr: keep an eye on the trend lines and 5,800 here for any new breakout:
