US$ closes lower for the month but still range-bound

The month has closed with the US$ printing a bearish candle and the EURX printing a bullish one but both, essentially, remain range-bound. US stocks have closed lower for the month but Oil has posted a bullish-reversal ‘Hammer’ candle for August and this may just help to rescue some floundering Oil stocks.

USDX monthly: a bearish candle for August:

USDXmonthly

USDX weekly: note the amended Flag pattern:

USDXweekly

USDX 4hr: chopping along under the 4hr 200 EMA:

USDX4

EURX monthly: a bullish candle for August and above 96 support:

EURXmonthly

EURX weekly: note the revised Flag here too:

EURXweekly

EURX 4hr: not moving too far just yet:EURX4

S&P500 monthly: a bearish, almost ‘engulfing’ candle for August and closed below the key 2000 level. I’m still looking for a possible test of 1,600 and I note this happenes to be near the top of the monthly Cloud:

S&PmonthlyCloud

S&P500 weekly: a bit lower to start the week but receiving some Cloud support for the moment:

S&P500weeklyCloud

Oil: a bullish-reversal Hammer candle off major $40 support for the month of August:

Oilmonthly

Gold monthly: this has closed the month with a bullish coloured ‘inside’ candle reflecting some indecision. Some will consider the monthly close below the 61.8% fib and $1,145/$1,150 region as decent enough reason to SHORT this metal though:

GoldMonthly

Silver monthly: this has closed the month below $15 support by printing a bearish coloured ‘Spinning Top’ candle. This is widely viewed as an ‘Indecision’ style candle but some will see this as reason enough to SHORT down to $11 and then to near $9 though:

SilverMonthly

Forex: Watch today for Chinese Manufacturing PMI, the RBA’s Interest Rate announcement, GBP Manufacturing PMI , CAD GDP, USD Manufacturing PMI and NZD GDT Price index data.

TC Signals: I tweeted yesterday that the Kiwi was trying to form a new TC signal and this evolved on my 11 pm candle. Traders might expect a test of the broken daily trend line though before continuation. Watch for reaction to today’s Chinese and NZD data though:

KiwiDaily Kiwi4

GBP/NZD 4hr: this has given a new TC signal off my 11pm candle too. Watch for reaction to NZD GDT data though:

GN4hr

Other Forex:

E/U monthly: the E/U closed the month above the key 1.12 level but sitting right on top of the monthly chart’s major 61.8% fib level. Fence sitting?

EUmonthlyCloud

E/J 4hr: not doing too much for now:

EJ4

A/U monthly: this has closed the month below a major support trend line HOWEVER note the two major fib support levels near current price. Watch for reaction to today’s RBA Interest Rate announcement and Chinese data release:

AUmonthly

A/U 4hr: the two monthly chart based fib levels can be seen more clearly on this 4hr chart:

AU4

U/J 4hr: doing little for now:

UJ4

USD/CAD 4hr: pulling back as increasing Oil prices help the CAD. Watch the 1.30 level:

Loonie4hr

GBP/AUD 4hr: doing little for now BUT watch after today’s RBA and CNY data release:

GA4

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