FX has again been rather slow but there have been a few small breakouts and TC signals. Watch for any impact today from NZD Inflation Expectations, EUR German Prelim GDP & Flash GDP, USD CPI, Retail Sales and Crude Oil Inventories.
USDX daily: a bit lower again today but watch how this reacts to today’s US CPI and Retail Sales data:
Trend line breakouts and TC signals:
AUD/USD 4hr: the Aussie is still struggling at the previously broken 5-year bear trend line. I’m still LONG here:
EUR/USD: a new trend line breakout and TC signal here:
EUR/USD 4hr: just 80 pips or so:
EUR/USD 15 min: a choppy breakout and new TC signal for 2 R:
NZD/USD: a new, albeit small, trend line breakout and TC signal here:
NZD/USD 4hr:
NZD/USD 15 min: just 2 R here as 0.73 resistance got in the way:
USD/JPY: a small breakout here too but watch for any support from the monthly 200 EMA and recent low (see on daily chart):
USD/JPY daily: watch for any looming support:
USD/JPY 4hr:
USD/JPY 15 min: a better TC signal was triggered here though that gave up to 3.5 R:
GBP/JPY: a trend line breakout and new TC signal here:
GBP/JPY 4hr: watch for any potential Double Bottom at this recent low:
GBP/JPY 15 min: a TC signal here on the trend line breakout for 3.5 R:
Gold: no trend line breakout but a TC signal with a low risk set up gave 2 R:
Gold 4hr:
Gold 15 min: a TC signal for 2 R before hitting the trend line:
Other Forex: watch trend lines for any new breakout:
EUR/JPY 4hr:
GBP/USD 4hr:
Oil 4hr:
Other FX charts as per weekend analysis.