The FOMC announcement was more dovish than expected which triggered a stock sell off and put pressure on the US$. Many instruments continue trading near key S/R levels as the end of month looms.
USDX daily: down after FOMC BUT still within the daily triangle:
EURX daily: also still within the triangle but looking bullish at the moment:
S&P500 30 min: stocks didn’t like FOMC.
Gold weekly: Gold is looking bullish and I wrote a separate article on the metal earlier this morning.
Silver weekly: looking bullish at the moment too:
Oil 60 min: holding above the $30 level BUT remember I’m watching the $33.50 level with the weekly/monthly close on Friday.
Gold 4hr: the only open TC signal is on Gold from earlier this week:
E/U 4hr: continues within the triangle:
E/J 4hr: this didn’t end up triggering a new clean TC LONG signal BUT is still higher and holding above the 126.50 S/R level:
EUR/GBP: this continues to interest me as it is consolidating within a 4hr triangle under the key 0.77 S/R level:
A/U 4hr: this dipped as stocks and the NZD$ took a dive:
A/J 4hr: stalled at the 4hr 200 EMA:
GBP/USD 4hr: drifting:
NZD/USD 4hr: the RBNZ held rates steady but hinted at future cuts:
U/J 4hr: holding above the 117 level:
GBP/JPY 4hr: holding above the 167 level ahead of Friday and end of month:
USD/CAD 4hr: Oil continues to hold up which is supporting the CAD and keeping pressure on this pair. Watch the 1.40 level after Friday’s close to assess the end of month candle:
EUR/AUD 4hr: this had looked like it was breaking down but not so. Momentum wasn’t supporting this move and so I will adjust the trend lines. Note the continued power of the 1.55 level!
AUD/NZD monthly: this chart is worth keeping in mind as the months roll by:
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