There hasn’t been a lot of movement across the Stock indices or Forex pairs but that isn’t surprising given the wait for FOMC. There were a number of 15 min TC signals that triggered in the mid to late Asian session that went on to give some pips and I show just a few of the better ones. Here is how I’m seeing the charts so far this week.
USDX daily: Price is still stuck between 100 and 102. I’m hoping FOMC will fix this, one way or the other!
Gold 4hr: This looks to be trying to base at $1,200 just now but, depending on how the US$ moves, this could also turn into a Bear Flag. Watch for the next push higher or lower that evolves with INCREASED momentum.
E/U 4hr: a Bull Flag? Watch for any momentum-based trend line breakout.
E/J 4hr: A Bull Flag here too following the recent multi-year trend line break? Watch for any momentum-based trend line breakout.
A/U 4hr: Watch for any momentum-based trend line breakout.
A/U 15 min: this was one that gave an OK 15 min TC signal:
A/J 4hr: pressing the 87 level so watch for any momentum-based trend line breakout.
Kiwi 4hr: just hovering:
GBP/USD 4hr: has bounced up from the daily chart’s triangle support trend line:
GBP/USD 15 min: this was another pair that gave a decent 15 min TC signal:
EUR/GBP 15 min: this was the best of the 15 min TC signals:
USD/JPY 4hr: Watch for any momentum-based trend line breakout.
GBP/JPY 4hr: Watch for any momentum-based trend line breakout.
GBP/JPY 15 min: this was an ok TC 15 min signal too:
GBP/AUD 4hr: Watch for any momentum-based trend line breakout.
GBP/NZD 4hr: Watch for any momentum-based trend breakout at the 1.77 S/R level.
GBP/NZD 15 min: this also gave a decent 15 min TC signal after the 4hr chart’s wedge breakout:
EUR/AUD 4hr: a Bull Flag? Watch for any momentum-based trend line breakout.
EUR/NZD 4hr: A Bull Flag here too? Watch for any momentum-based trend line breakout.
USD/MXN 4hr: Hovering near the daily 200 EMA. Watch for any momentum-based trend line breakout.
USD/CNH 4hr: Watch for any momentum-based trend line breakout.
USD/TRY 4hr: Watch for any momentum-based trend line breakout.
Stock Indices. These all remain range-bound on their 4hr charts so watch for any momentum-based trend line breakout.
ASX-200:
DJIA:
S&P500:
NASDAQ-100:
FTSE-100:
DAX-30:
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