Mon 17th: FX radar

I’m not surprised to see it’s been a pretty slow day thus far given the lack of data and it might continue this way until we have the ECB and other speeches (scheduled for later during Europe). Bank of America (BAC) reports earnings before the US market open so watch how that impacts market sentiment.

USDX: I’m watching two key S/R levels and these are 98.15 and 98.50 respectively. I’m keeping an open mind here:

usdx4 usdxmonthlycloud

TC Signals: I have noticed two signals that triggered during Asia and these were on the EUR/USD and EUR/CAD. Both of these closed below major S/R levels last week so some pull back to test these levels would not surprise me one bit. However, both are also below their 30 min Cloud. Not a lot cooking just yet.

EUR/USD: The 1.10 is the big level to negotiate here and if this is broken then, perhaps, a move back to test near the highlighted congested region could evolve. I’m waiting to see what happens at 1.10. NB: a pullback up to the 61.8% fib could evolve even as part of an overall down trend as trends don’t travel in straight lines forever. Price is below the 30 min Cloud though:

eu30min

eu30mincloud

EUR/CAD: similar here in that a major level was broken last week and this may well be tested. Success here may help a deeper 61.8% fib pullback following on after two weeks of a down move. Price is below the 30 min Cloud though:

ec30min

ec30mincloud

Others: 

AUD/USD: watching 0.76 and triangle TL here. Price is below the 30 min Cloud:

au30min

AUD/JPY: watching 79 and triangle TL here. Price is in the 30 min Cloud:

aj30min

USD/JPY: 104 still in focus as well as some TL. Price is in the 30 min Cloud:

uj30min

EUR/AUD: this looks like it is also pulling back to try and test a major broken TL:

ea30

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