The US$ index and many FX pairs are trading within symmetrical triangles revealing plenty of indecision but meaning there is a continued wait for any momentum-based trend line breakouts.
Data: watch today for any impact from NZD GDP and the SNB (CHF) rate decision.
USDX daily: still triangle bound here:
Forex:
Gold 4hr: a consolidation-style symmetrical triangle here:
Oil 4hr: ditto:
EUR/USD 4hr: ditto here too:
EUR/JPY4hr: this is still making higher Highs and higher Lows since bouncing off the base from a couple of weeks ago however, I have revised the trend lines…yet again:
AUD/USD 4hr: the only breakout still limping along:
AUD/JPY4hr: still in an uptrend since the recent low but revised triangle trend lines:
NZD/USD 4hr: a smaller triangle in play here after the earlier breakout. Watch today with NZD GDP data:
GBP/USD 4hr: it’s all about the 1.40 again for the Cable:
USD/JPY 4hr: still consolidating here too:
GBP/JPY 4hr: still in an uptrend here but a revised upper trend line that ties in with all the resistance from a previous trend line and 150 to monitor:
