FX update for Wed 12th: TC

The US$ has weakened following the latest Trump/Russia email release and this has triggered some new trend line breakouts but also undermined others that were in progress. The USD/TRY gave a great TC Trading System trade yesterday for 300 pips and a 12 R return.

USDX weekly: the 95.50 support level is back in focus so watch this for any new make or break:

Trend line breakout trades and TC signals:

EUR/USD 4hr: this has made a bullish triangle breakout  for 35 pips thus far but watch for any new make or break at the major 1.15 level. Remember, this has been effective resistance for 2 1/2 years!

EUR/JPY 4hr: this earlier wedge breakout is now up 160 pips:

AUD/USD 4hr: a new triangle breakout for just 35 pips at the moment:

NZD/USD: this breakdown stalled at 0.72 support and once the Trump-email inspired US$ weakness kicked in but note the great 15 min TC SHORT that was here yesterday for a trade worth up to 6R!

Kiwi 4hr:

Kiwi 15 min:

GBP/AUD: this has given 100 pips in a trend line breakdown but also gave a 15 min chart TC SHORT for a 3 R trade:

GBP/AUD 4hr:

GBP/AUD 15 min: this was the first valid TC signal on the day:

GBP/NZD: this is still channel bound but gave a great intra-pattern TC LONG trade off the 15 min chart worth up to 12 R before it reversed!

GBP/NZD 4hr:

GBP/NZD 15 min:

EUR/NZD: this has given a 180 pip trend line breakout as well as a great TC 15 min chart LONG for 4 R!

EUR/NZD 4hr:

EUR/NZD 15 min:

USD/TRY: this gave a great TC LONG yesterday along with a trend line breakout for a trade worth 300 pips and 12 R! Subsequent US$ weakness during the US session reversed this move though so note the revised 4hr chart trend lines:

USD/TRY 4hr: chart prior to yesterday’s trend line breakout:

USD/TRY 15 min: a new TC LONG that triggered with the trend line breakout. This is what I refer to as the OPTIMA:L type of TC Trading System trade. Note the small initial STOP that was required; this was an ideal set up!

This trade gave 300 pips and a 12 R return before US$ weakness kicked in:

USD/TRY 4hr: revised 4hr chart trend lines:

Oil 4hr: a breakout for 90 pips:

Other FX:

AUD/JPY 4hr: watch 87 for any new make or break:

GBP/USD 4hr: still channel bound:

USD/JPY 4hr: pegged by US$ weakness:

GBP/JPY 4hr: watch the 147 level and Flag trend lines:

EUR/AUD 4hr: the 1.50 level is the one to watch for any make or break:

USD/CNH: some weakness has developed following the shift with the US$. Note how a 15 min LONG was undermined by this US$ turn:

USD/CNH 4hr:

USD/CNH 15 min:

Commodities:

Gold 4hr: keep an eye on the channel trend lines:

Silver 4hr: still messy:

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