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!
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:
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: