FX moves took a back seat compared to those seen across on stock markets during the last session. The US$ is still in focus here as, perhaps surprisingly, it is little moved for the week. The only high impact data left for today is Crude Oil Inventories but, in these skittish markets, it is probably worth watching the second tier data as well.
USDX daily: still higher for the week but only just:
Trend line breakouts and TC Signals: no new breakouts today.
GBP/USD 4hr: now at 220 pips but watch for any recovery off the 4hr 200 EMA:
GBP/JPY 4hr: this moved on for 400 pips but note the revised trend lines here now. Watch the weekly 200 EMA as this is major S/R:
GBP/NZD 4hr: this moved on for a very choppy 320 pips and note the revised trend lines here too. Watch the 1.90 level as this is major S/R:
Other Forex: watch trend lines for any new breakouts:
Gold 4hr: looking a bit weak here now as money flowed back into stocks last session:
ASX-200 4hr: note how the 61.8% fib and 5,800 acted as support here:
BTC/USD daily: recall I’m watching for any weekly hold above the $8,000 and 61.8% fib level:
EUR/USD 4hr: trend line support broken BUT, as I always suggest when these kinds of trends line break, watch for any Bull Flag formation:
EUR/JPY 4hr: The support trend line held here but note the new bear trend line in focus:
AUD/USD 4hr: the multi-year support trend line looks to be working here. Watch for any descending channel breakout:
AUD/JPY 4hr: bouncing between 85 and 89. Maybe try watching for any make or break at 87?
USD/JPY 4hr: Price dipped below support but in a period of declining momentum here as see on on the ADX. Thus, the trend lines have been revised:
Oil 4hr: revised trend lines here and it’s looking more like a Bull Flag:
