Quiet start to the week

It has been a bit of a quiet start to the week with Japan on a Bank holiday for Monday and as traders wait for Wednesday’s BoJ and FOMC, and to a lesser extent RBNZ, updates. The only decent move came from the 100+ pip move on the EUR/AUD testing the 61.8% fib, the probability of which was discussed in my w/e analysis. Both FX Indices remains range bound in daily chart triangle patterns though in the lead up to the Central Bank updates making for choppy trade across many FX pairs.

USDX daily: consolidating here still. Note the 61.8% fib and the 96.50 level:


USDX weekly Cloud: the 96.50 equates to the weekly Cloud resistance. The resistance is thinning but this level needs to be broken to sustain bullish continuation. Note the lack of momentum:


EURX weekly: doing its own ‘triangle’ thing:


S&P500 30 min: a choppy session:


Gold 4hr: a recent bear trend line is still in place here:


Silver 4hr: this is trying to buck higher but has the 4hr Cloud to deal with first:

silver4hr silver4hrcloud

Oil weekly: this bullish-reversal pattern is still ‘alive’ for now:


TC Signals: these have been choppy as expected:

E/U 4hr: has pulled back to near the start of the signal:


Cable 4hr: this hasn’t moved too far as key support from 1.30 is below:


Other Forex:

EUR/AUD 4hr: this move to test the 61.8% fib, one to watch as suggested in my w/e analysis, did give a 120 pip gain:


E/J 4hr: trying to break down but not very convincing just yet:


A/U 4hr: watching for any 61.8% fib test:


Kiwi 4hr: I have relaxed the upper trend line as the ‘break’ did not come with any decent momentum:


USD/JPY 4hr: the big one to watch with BoJ and FOMC this week. Not much happening just yet though:


GBP/JPY 4hr: any break and hold below this 61.8% fib region will bring the 129 into greater focus:


USD/CAD 4hr: choppy as it sits above 1.30 support but below the wedge trend line:


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