TC update Wed 2nd July: TC

The US$ is holding above 92.50 support and this hovering action has allowed some of the cross pairs to trigger trend line breakouts. There is GBP Construction PMI and USD ADP NFP & Crude Oil Inventory data to monitor in the coming session.

USDX: hovering above 92.50 support and this is the level to watch for any new make or break:

Trend line breakout trades:

EUR/JPY: this has broken up through the wedge trend line and the move triggered a new TC signal off the 15′ chart earlier today that has already given 3R:

EUR/JPY 4hr:

EUR/JPY 15 min: already at 3R!

NZD/USD: this broke down yesterday for 65 pips and also gave a new 15′ chart TC SHORT:

NZD/USD 4hr: watch the 61.8% fib if the 0.74 gives way:

NZD/USD 15 min:

GBP/AUD 4hr: a messy breakout for 150 pips:

GBP/NZD: this gave a decent breakout for 280 pips and also gave a clean cut TC LONG off the 15′ chart for a 9R trade:

GBP/NZD 4hr:

GBP/NZD 15 min:

EUR/AUD 4hr: a messy breakout here too for 140 pips:

GBP/NZD 4hr: a bit choppy here too but up 160 pips:

Others: watch the trend lines and major S/R levels of following pairs for any new breakout:

EUR/USD 4hr:

AUD/USD 4hr:

AUD/JPY 4hr: a bit messy here:

GBP/USD 4hr:

USD/JPY 4hr: messy with the choppy US$ so best left until something clearer shapes up:

GBP/JPY 4hr: a bullish breakout starting?

USD/CNH 4hr:

USD/TYR 4hr:

USD/CAD 4hr: not one I normally monitor now but it is getting interesting as it approached this channel trend line:

Gold 4hr: messy with the choppy US$ but watch the US$ and the trend lines here for any new make or break:

 

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