US$: prob stay like this until next week’s FOMC :-(

The US$ remains range bound in a daily chart triangle pattern and trapped within the Ichimoku Cloud on both the 4hr and daily chart time frames with obvious implications for trading US$ FX pairs. Most of the FX triangle patterns, noted in my w/e write-up, are still in effect. There is USD CPI data to come on Friday but I expect little to change until next week’s FOMC.

USDX daily: triangle bound with the apex near the key S/R level of 95.50:

usdxdaily

USDX 4hr: note the lack of momentum:

usdx4

USDX daily Cloud: trapped in the Cloud:

usdxdailycloud

USDX 4hr Cloud: trapped in this Cloud too:

usdx4hrcloud

There was a swathe of USD data released overnight and the mixed results offered little guidance to the US$ and hence the continued range-bound activity. Next week’s FOMC may help to define the next move here though. Stock markets, however, read this data to suggest the Fed won’t be lifting rates next week and have rallied:

sp30min

Silver 4hr: still triangle bound here:

silver4hr

Gold 4hr: range-bound here too:

gold4hr

Oil weeklywill print a Doji for the day:

oilweekly

XJO 15 min: a nice bullish ‘Inverse H&S’ here on the Aussie-200:

aus20015min

TC Signals: the two remaining signals have closed off for a loss:

EUR/AUD 4hr: looks likely to test 1.49 again as suspected:

ea4

USD/CAD 4hr: looks likely to test 1.30 again as suspected:

loonie4hr

Other FX:

E/U 4hr: still triangle bound:

eu4

E/J 4hr:  still triangle bound:ej4

A/U daily:  still triangle bound:

audaily

A/J 4hr: range-bound between 75 and 80:

aj4

Cable 4hr: a new triangle here but not too different from the one noted last w/e:

gu4

U/J 4hr:  still triangle bound:

uj4

GBP/JPY 4hr:  still triangle bound:

gj4hr

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