Fri 21st: trade radar

The US$ dollar has rallied and the EUR$ stumbled in reaction to yesterday’s ECB rate decision and commentary. The US$ has broken above the recent S/R level of 98.15 and is now up testing the 98.50 level. The EUR$ index, in capitulation, has broken down through a 4-month support trend line and so may be in for more of a pullback. There is only CAD CPI and Retail Sales data of note today so FX might be rather quiet, especially after yesterday’s activity, but watch for any comments out of the EU Summit.  

USDX daily: above a recent triangle and the 98.15 and now up testing the 98.50:

usdxdaily

usdxmonthlycloud

EURX daily: a daily support trend line has broken so a pullback to the 100 level would not surprise:

eurxdaily

S&P500: nothing yet but watch the 2,135 level:

sp30min

Gold: this has pulled back under the $1,265 level but without any new TC signal for now. I am bearish if this remains below $1,265 but would consider any break back above this S/R level to be bullish:

gold30min

Forex:

EUR/CAD: this has developed into an ugly chart but may be worth stalking for any momentum-based breakout with today’s CAD data:

ec30min

USD/CAD: this didn’t trigger any clean-cut LONG signal but has sure rallied. Might be worth watching for any momentum-based breakout with today’s CAD data:

loonie30min

AUD/USD: trying for a LONG but below the 30 min Cloud and major bear trend line:

au30min

Silver: might be worth watching if the US$ keeps going. Silver is down near a daily support trend line so watch for any make or break from here:

silverdaily silver4hr silver30min

EUR/USD: gave a HUGE spike yesterday with ECB but no clean TC signals to SHORT; even after it calmed down. It broke below the 4hr Flag and is below the daily chart’s 61.8% fib. I’m open to a move down to test the daily chart’s low near 1.045:

eu30min eu4 eudaily

AUD/JPY: bouncing around between the 80 and 79 levels:

aj30min

NZD/USD: no signal on the horizon just now but is back below 0.72 so watch for any deeper pullback; especially if the US$ keeps tracking higher:

kiwi30min

GBP/USD: not on my radar at the moment but this nice pattern is setting up for the die-hards!

gu30min

USD/JPY: this pair has been so choppy; it just can’t seem to get traction when ever any key S/R level breaks:

uj30min

EUR/AUD: choppy with no clean signals:

ea30

EUR/NZD: just going sideways but the downward trend line has been broken.

en30 en30number2

EUR/GBP weekly: one for next week? Any break and hold below 0.89 might support a deeper pullback here. There is a bearish reversal ‘Evening Star’ pattern setting up on the weekly. Note how the 61.8% fib is down near the weekly 200 EMA and previous S/R area of 0.80. One to watch for sure!

egweekly

eveningstar

AUD/NZD monthly: I’m still stalking this pattern too:

anmonthly

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