FX a bit slow but not so ASX-200! By Mary McNamara

There hasn’t been a lot of movement on the USD-based FX majors I’m watching but a couple of the cross pairs have given decent trades. The same can’t be said of the ASX-200 though, the Aussie top 200 stocks, as this index closed yesterday above the psychological 6,000 level for the first time since January 2008.

XJO monthly: watch for any monthly close above the 6,000 level. Note the uptick with bullish momentum (ADX):

XJO weekly: a weekly close above 6,000 needs to be seen to garner confidence with this bullish shift though:

XJO daily: expect some choppiness as the index navigates this huge psychological level:

TC Signals with trend line breakout:

GBP/AUD: this pair gave a decent trend line breakout and new TC signal off the 15 min chart.

GBP/AUD 4hr: around 150 pips on the breakout from the chart posted over the w/e:

GBP/AUD 15 min: staying with this TC signal after the trend line breakout and whilst candle closes held above the Cloud would have given a 5R trade for 130 pips!

FX Indices:

USDX daily: still struggling at 95.50 S/R so watch for any new make or break here:

USDX weekly: the Bear Flag remains an option here:

EURX weekly: the Bull Flag is still alive here but looking shaky:

Forex:

Gold 4hr: choppy as it consolidates:

EUR/USD 4hr: ditto:

EUR/JPY 4hr: ditto and note the declining momentum:

AUD/USD 4hr: still hanging near the daily chart’s 61.8% fib:

AUD/JPY 4hr: this is lower as stocks shifted lower. Keep an eye on the 87 level now for any new make or break:

NZD/USD 4hr: drifting as it holds above 0.68:

USD/JPY 4hr: still consolidating under 114.50 S/R:

GBP/JPY 4hr: consolidating here too:

EUR/AUD 4hr: consolidating here:

EUR/NZD: choppy here with little momentum BUT don’t forget that 1.675 is a huge S/R level:

EUR/NZD 4hr:

EUR/NZD monthly:

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