FX Update for Sept 11: FX levels to watch : by Mary McNamara

USDX: The USD index is still struggling at the ‘Triple Top’:

USDXdaily

Forex: no new TC signals today.

E/U: I wrote a separate article about the E/U earlier today. I am still seeing a possible bullish ‘inverse H&S’ on the 4hr chart:

EU4

E/J: still battling it out at the triangle trend line. Watch for any new daily close up and out of this triangle as it may suggest bullish continuation:

EUdaily

A/U weekly: The Aussie put in a bounce today after the better than expected employment data and, even if it recovers more from here, I’m still thinking my weekly chart’s bullish ‘inverse H&S’ will evolve. The only problem here is that the ‘neck line’ is sloping the wrong way:

AUweekly

A/J 4hr: this is starting to look ‘Bull Flag’ like to me:

AJ4

Cable: the question on everyones lips: Is this just a gap fill or a reversal?

GU4

Kiwi: I wrote a separate article about this pair today too. It is currently still below the key 0.82 level and monthly support trend line:

Kiwi4

U/J: still going at this stage:

UJdaily

GBP/JPY: the hold above the key 173 seems to be a game changer here:

GJ4hr

AUD/NZD: still staging a battle at the 1.12 level. I wrote a separate article on the AUD/NZD today as well:

AN4

GBP/AUD: This TC signals wasn’t valid BUT it has yielded up to 200 pips and is still open:

GA4

GBP/CHF daily: still looking ‘Bull Flag’ like although chopping within a broad range:

GBPCHFdaily

USD/CAD daily: edging closer to the apex of the monthly triangle. Any daily close above the 1.10 would have to be seen as bullish:

LoonieDaily

Silver: below the $19 but I think a weekly close below this level is needed before getting too bearish:

SilverDaily

Gold: getting down close to $1,240 support:

GoldDaily

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