FX: US$ digs in: By Mary McNamara

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:

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