The US$ has recovered above the 92.50 level, no doubt helped by decent private payrolls and GDP data. Watch for any continuation here as this will impact many FX pairs.
Data: Watch today with CNY Manufacturing and Non-Manufacturing PMI, AUD Private Capital Expenditure, CAD GDP & USD Weekly Unemployment Claims.
USDX weekly: watch for any hold back above 92.50. The second chart shows fib levels to watch if recovery mode sets in:
EURX weekly: watch for any reversal here. The second chart shows fib levels to watch if recovery mode sets in:
Trend line breakouts:
USD/JPY: this has given just 70 pips but note the continuation with yesterday’s 15 min chart TC signal for a 7R trade:
USD/JPY 4hr:
USD/JPY 15 min:
GBP/JPY: this has now given 150 pips but note the continuation with yesterday’s TC signal for a 4R trade:
Other Forex:
Gold 4hr: watch for any test of the major $1,300 level:
EUR/USD: consolidating but note the TC signal; albeit for just a 1R trade:
EUR/USD 4hr:
EUR/USD 15 min:
EUR/JPY 4hr: messy:
AUD/USD 4hr: consolidating:
AUD/JPY 4hr: revised trend lines here:
GBP/USD 4hr: consolidating:
NZD/USD: consolidating but note the TC signal for a 3R trade:
NZD/USD 4hr:
NZD/USD 15 min: A mid-pattern TC signal BUT the Stop was rather small so enticing:
GBP/AUD 4hr: attempting a wedge breakout? Watch to see how it fares at the previous 12-month support trend line as this might now be resistance!
GBP/NZD 4hr: here too? watch the major bear trend line:
EUR/AUD 4hr: consolidating:
EUR/NZD 4hr: ditto:
Silver 4hr: ditto: