The three open TC signals have progressed and the GBP/USD is down near the next threshold level of 1.30 making for interesting viewing. There is GBP Manufacturing data slated for tonight and any decent print there could help the Cable to try and bounce up from this major S/R level. However, the NZD$ and AUD$ also remain in focus for the time being too.
FX Indices: both a bit higher for the day!
S&P500 daily Cloud: the moral here, really, is to BUY up any Bullish Tenkan/Kijun cross.
Gold 4hr: is holding at the 4hr chart’s 61.8% fib but, any break below that, then watch for a move down to $1,300, as per my w/e notes:
Oil weekly: My bullish-reversal ‘Inverse H&S’ is playing out still for now:
TC Signals: the three open TC signals have moved on but without me on board:
GBP/USD: watch for any support from 1.30 though, especially with tonight’s GBP Manufacturing data. This data result might determine whether 1.30 holds or fails:
GBP/AUD: got the test of 1.70 as suggested as per my w/e notes. Watch with tonight’s GBP data though as that might determine the next move from 1.70; higher or lower!
EUR/AUD: the breakdown continues here for now:
AUD/USD: this is still flirting up near the major 3 1/2 yr major bear trend line. However, there still is little momentum on the daily chart and declining momentum on the weekly chart. So, what could trigger a momentum shift here? Friday’s CNY Industrial Production data???
GBP/NZD 4hr: this is trying to form a new 4hr TC signal to SHORT but watch the trading channel:
AUD/NZD: watch for any break and hold above the daily 200 EMA to target the 1.10 whole number/ psych level near the 61.8% fib:
EUR/USD 4hr: this is holding near the 4hr chart’s 61.8% fib:
E/J 4hr: some trend lines to keep watching here:
AUD/JPY 4hr: this has broken above a recent trend line but not above the 4hr Cloud. Any break above the 4hr Cloud might target the 61.8% fib up near the key 80 level:
NZD/USD: I tweeted last night to watch for any support from the 4hr Cloud given the reversal /Morning Star’ pattern and this proved a valuable warning for any early Kiwi Bears. Note how the 0.73 level remains the key S/R level to monitor with this week’s RBNZ meeting.
USD/JPY 4hr: this is higher to start the week but still below the 4hr Cloud. Watch for any continued move higher to target the 50% and 61.8% fib regions:
USD/CAD 4hr: still wedge-bound: