FX Indices back to mixed

The FX Indices have slipped out of alignment and this now suggests we could be in for more choppy trade in the lead up to tomorrow’s FOMC. There isn’t much that appeals here apart from a possible technical pullback on Gold to test major support.

USDX daily: the US$ index is consolidating within a daily triangle ahead of FOMC:


EURX daily Cloud: the EURX is back in the daily Cloud meaning the FX indices are no longer aligned for ‘risk on’. These periods usually support better trend trading opportunities off shorter time frame charts during the European and US session:


S&P500 daily: holding above 2,000 and the daily Cloud but care is needed with FOMC:


Oil daily: stalled at the 50% fib for now:


TC Signals: both AUD$ TC signals have closed off for a loss:

A/U 4hr: holding above 0.74 support for now though:


A/J 4hr: watch for any impact from today’s BoJ:


Gold 4hr: this has triggered a new TC signal to SHORT and broken down through a recent support trend line. Watch for any pull back to the 61.8% fib though as that is a major S/R region:


FOREX: there is the BoJ rate decision to come today and then US Retail Sales & PPI and NZD GDT Price Index data:

E/U daily: consolidating ahead of FOMC. Watch trend lines for any breakout; up or down!


E/J 4hr: the 126 level is a major S/R region on the monthly chart and price is hanging around there ahead of BoJ and FOMC:


GBP/USD 4hr: turned at the 61.8% fib:


Kiwi 4hr: holding above support but watch tonight with the GDT Price Index data:


U/J 4hr: still flat-lining ahead of BoJ and FOMC:


GBP/JPY 4hr: drifting higher here but watch with BoJ:


GBP/NZD: has finally moved up to the daily chart’s bear trend line. Watch for any make or break move:

G/N daily:


G/N 4hr:


EUR/AUD 4hr: still under a bear trend line:


EUR/GBP weekly: still choppy here above the 0.77 level:


AUD/NZD monthly: the attempted monthly breakout still in progress here:


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