FX: Gold & Yen weakness to start the week: By Mary McNamara

The US$ recovered a bit on Monday amid slight easing of tension with North Korea and this helped to put pressure on Gold and the Yen and to trigger some decent TC 15 min chart signals. There is resistance ahead for the index though so…. the fat lady ain’t singing just yet!

Data: watch today for reaction to the UN vote on North Korea sanctions and GBP CPI.

USDX: watch the 92.50; a level that was previously support but will now be resistance:

USDX weekly:

USDX daily:

Trend line breakout trades:

Gold: this broke down for a 150 pip trend line breakout trade but note how the TC signal came through here late on Friday prior to the trend line break. North Korea tension may have eased a bit but watch for any technical test of the key $1,300 level:

Gold 4hr:

Gold 15 min: this needed a decent sized Stop but it has given a 4R result:

Other Forex:

EUR/USD 4hr: watch trend lines for any new breakout:

EUR/JPY: ditto but note the decent TC signal that was available here yesterday:

E/J 4hr:

E/J 15 min: a mid-pattern signal for a 1.5 R result:

AUD/USD 4hr: watch trend lines for any new breakout:

AUD/JPY 4hr: a new breakout underway?

GBP/USD 4hr: a Bull Flag? Watch trend lines for any new breakout, especially with today’s GBP CPI:

NZD/USD 4hr: watch trend lines for any new breakout:

USD/JPY: watch trend lines for any new breakout BUT note the decent TC 15 min signal here yesterday:

USD/JPY 4hr:

USD/JPY 15 min: a mid-pattern signal for 2.5 R:

GBP/JPY: watch trend lines and 144 level for any new breakout BUT note the decent TC 15 min signal here yesterday:

GBP/JPY 4hr:

GBP/JPY 15 min: a mid-pattern signal for 1.5 R:

EUR/NZD 4hr: struggling under heavy resistance:

Silver 4hr: this has also struggled under the resistance of the weekly 200 EMA:

NB: most other FX pairs as for w/e write up.

Stock Index:

ASX-200 4hr: watch the Flag trend lines as this will breakout one day or other!

 

 

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