The US$ continues to teeter above a 3-year support trend line keeping some FX pairs in check but there have been three trend line breakout trades that have delivered many pips. The Forex breakout trades are shown in this post but those on the Stock index charts can be found in thispost.
USDX: still below 100 and only just holding above the 3-year support trend line:
USDX daily:
USDX weekly:
Trend line breakout trades: three have triggered on the GBP/NZD, EUR/AUD and EUR/NZD.
GBP/NZD: has given 180 pips:
G/N 4hr: this was the chart yesterday morning, before the breakout:
G/N 4hr: the chart today:
G/N 15 min: there was a great 15 min chart TC LONG signal as well:
EUR/AUD 4hr; price has kicked on 200 pips since the triangle breakout:
EUR/NZD: price has kicked on 360 pips since the triangle breakout:
E/N 4hr:
E/N 15 min: there was a great 15 min chart TC LONG signal here too:
Others:
GBP/JPY: a breakout may be underway here too:
G/J 4hr:
G/J 5 min: there were two decent TC LONG signals off the 5 min chart here yesterday:
EUR/USD daily: watch for any daily chart triangle breakout:
EUR/JPY: watch for any daily chart triangle breakout here too:
AUD/USD 4hr: watch for any 4hr chart triangle breakout with today’s AUD CPI:
AUD/JPY 4hr: watch for any continuation here:
NZD/USD 4hr: watch for any 4hr chart triangle breakout:
USD/JPY 4hr: watch for any continuation here too:
GBP/USD 4hr: a breakout starting here?
GBP/AUD 4hr: watch for any 4hr chart wedge breakout:
USD/CNH 4hr: watch for any 4hr chart triangle breakout:
USD/TYR 4hr: choppy…so I’ve re-drawn the trend lines. Thus, watch for any 4hr chart triangle breakout:
USD/MXN: that 19 level keeps attracting price action and has done so again!
USD/MXN 4hr:
USD/MXN 15 min: this only gave one valid TC signal BUT what a good one! 1,700 pips in this move!
USD/ZAR 4hr: I had Tweeted about watching this pair for any reaction / bounce up from the 61.8% fib. Not a bad idea as it gave a bounce of 1,800 pips. Hope you caught some of it Rick!
