TC Update.

Thurs 21st Aug

USD Index: this has stalled now ahead of the Jackson Hole Symposium:


TC Signals: The three TC signals have yielded up to 215 pips now.

E/U: has moved on to give up to 100 pips:


E/J: has now closed above the daily 200 EMA. This TC signal has delivered up to 50 pips:


A/J: had a pull back during the Asian session and bounced off the key 96 level. A weekly candle close above 96 would be bullish:


Other FX

Cable: this seems to have made a bearish breakdown from the trading channel. GBP Retail Sales data was weak but price is refusing to fall too far at the moment:


U/J has stalled under the psychological 104 level:


Loonie: has pulled back to just under the 1.10 level:


GBP/CHF: no trend line ‘Bull Flag’ breakout yet:



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