TC Update.

Thurs 21st Aug

USD Index: this has stalled now ahead of the Jackson Hole Symposium:

USDXdaily

TC Signals: The three TC signals have yielded up to 215 pips now.

E/U: has moved on to give up to 100 pips:

EU4

E/J: has now closed above the daily 200 EMA. This TC signal has delivered up to 50 pips:

EJ4

A/J: had a pull back during the Asian session and bounced off the key 96 level. A weekly candle close above 96 would be bullish:

AJ4

Other FX

Cable: this seems to have made a bearish breakdown from the trading channel. GBP Retail Sales data was weak but price is refusing to fall too far at the moment:

GU4

U/J has stalled under the psychological 104 level:

UJ4

Loonie: has pulled back to just under the 1.10 level:

Loonie4hr

GBP/CHF: no trend line ‘Bull Flag’ breakout yet:

GBPCHF4hr

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