It seems that Oil is the ‘new Black’ as it is drawing all the media attention this week. The US$ is doing little, US stocks are choppy under resistance and I got the heads up that currencies would chop too when the FX Indices slipped back into divergence. At least I can read the chaos…. if not trade it.
Oil monthly: Now that $40 has given way I’d expect a test of the 2009 low of $33.55:
USDX: this isn’t looking too perky…even with the market expecting a rate hike next week at FOMC:
USDX weekly:
USDX 4hr:
S&P500 daily: The Death Cross: this, supposed, ‘warning’ signal looks like it might be about to close off. If so, I’m wondering whether we will see similar bullish breakout action again?
S&P500 weekly: I’m reading such a variety of doom and gloom vs bull market stuff but, IMHO, I think all you can really say here is that price is….consolidating under major resistance:
TC Signals: The USD/CAD has continued and a new signal came in on the EUR/AUD…… which I also missed 
USD/CAD 4hr: this has given 190 pips already:
The monthly chart suggests there could be a lot more in this move though:
EUR/AUD 4hr: this has broken up through a bear TL and, now, also given a new TC ‘LONG’ signal:
The daily chart shows the broken trend line and how another lies in its path:
Other FX: Today’s data includes CNY CPI and Crude Inventories. There is the RBNZ rate statement early tomorrow am.
FYI: I’m busy with doctors tomorrow am and so will update later in the day:
EUR/USD 4hr: check out these Bollinger bands!
EUR/JPY 4hr: here too! Also, note the absence of momentum!
AUD/USD: this has bounced up off the support of the 0.72 level as this is a major monthly-chart based 61.8% fib:
A/U 4hr:
A/U monthly:
AUD/JPY: this has fallen below 89 and the support triangle trend line but any move back above 89 would be bullish. I’m keeping an open mind here and any bearish follow through might target the highlighted region:
A/J 4hr:
A/J monthly: this chart shows how important the 89 level is:
GBP/USD 4hr: holding near the 1.50 S/R level in the lead up to tomorrow’s GBP BoE rate announcement:
The daily chart shows the bigger picture here:
Kiwi 4hr: has bounced off 50% fib support ahead of tomorrow’s RBNZ rate announcement:
USD/JPY 4hr: doing little and probably won’t do too much until next week’s FOMC:
GBP/JPY 4hr: has bounced up off that 184 level …..AGAIN!!!
GBP/AUD 4hr: not straying too far from the key 2.07 level ahead of tomorrow’s GBP BoE interest rate announcement:
GBP/NZD 4hr: ditto with this pair but the 2.24 level is the attraction here:
EUR/GBP weekly: I don’t trade this pair but the pattern appeals to me!
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