FX, Oil, S&P500: holding patterns

The US$ is still making lower Lows and lower Highs whilst it hovers above 92.50 S/R. Oil is also holding near the $45 S/R level. The S&P500 has just printed a bearish Ichimoku Cross but remains above the support of the Cloud for now and a few FX pairs are also holding above S/R fib levels. I’m on the move a lot whilst away BUT not much on the trading landscape seems to be changing. The Cable still seems the one to watch as it treads water ahead of tomorrows BoE Interest Rate announcement.

USDX daily: still in a bearish pattern for now as it continues to print lower Highs and lower Lows. The 92.50 is the level to watch for any convincing break or respect. All we have for now is indecision.

USDXdaily

Oil weekly: hovering near the key S/R level of $45 for now. Watch for any make or break from here:

OilWeekly

S&P500 daily: there has been a new bearish Tenkan/Kijun cross BUT price remains above the Cloud for now. Just FYI: any new bullish cross would be a STRONG BUY signal.

S&PdailyCloud

Forex: 

EUR/USD 4hr: holding above a recent 61.8% fib. Watch for any make or break from here:

EU4

EUR/JPY 4hr: this respected a recent 61.8% fib. Watch for any make or break from here:

EJ4

AUD/USD 4hr: this is holding near a recent 50% fib. Watch for any make or break from here:

AU4

AUD/JPY daily: this is holding near a monthly chart based 50% fib and the key 80 level:

AJdaily

NZD/USD 4hr: this is also holding up near a recent 50% fib. Watch for any make or break from here:

Kiwi4

GBP/USD: this is one to watch with tomorrow’s BoE Interest Rate decision. Price is treading water near a recent 50% fib level and between 1.46 resistance and 1.40 support. This is the region to watch for any make or break with the rate news. Bullish levels to watch for any move higher would be the 1.46 level and then those noted on the daily/weekly charts below. The first bearish level to watch would be 1.40:

G/U 4hr:

GU4

G/U daily:

GUdaily

G/U weekly:

GUweekly

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