FX: All about the ‘Hole’! By Mary McNamara

This has been one of the choppiest weeks that I can recall. And, what, all for Jackson Hole? Or are there other forces brewing?  The US political landscape must surely be feeding into this. Time will tell. Anyway…it’s now ‘no more sleeps until Jackson Hole’!

NB: I have a busy weekend and so further updates might be brief and delayed.

USDX daily: watch trend lines for any breakout:

EURX daily: pretty much the same advice here:

Trend line breakout tallies:

USD/TRY 4hr: now at 360 pips:

EUR/NZD 4hr: still near 300 pips:

Kiwi 4hr: still near 120 pips:

Others: most of these 4hr charts reveal price action within distinct technical patterns. Thus, watch for any momentum based trend line breakouts.

Gold 4hr:

Silver 4hr:

Oil 4hr:

EUR/USD 4hr:

EUR/JPY 4hr:

AUD/USD 4hr:

AUD/JPY 4hr:

NZD/USD 4hr: revised trend lines here:

USD/JPY 4hr:

GBP/JPY 4hr: revised 4hr chart trend lines here:

The previous GBP/JPY pattern gave aTC signal off the 15 min chart  but at relatively high risk and in the face of a trend line and for just 1R:

G/J 15 min:

G/J 15 min:

EUR/AUD 4hr: revised trend lines here too:

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