US$ recovers after data: By Mary McNamara

The US$ has recovered a bit after US CPI and Retail Sales data and so that has slowed the movement with some FX pairs. This recovery triggered a 5 R breakout trade on the USD/MXN though, a pair I yesterday suggested was worth watching.

USDX weekly: watch to see how the weekly Flag closes:

EURX weekly: ditto

Trend line breakout and TC trades:

USD/MXN: this has given a 1,600 pip breakout and a 5 R TC LONG trade:

USD/MXN 4hr:

USD/MXN 15 min: the first valid TC signal gave a 5R result!

USD/JPY: this gave a small breakout for a 1R TC trade result:

USD/JPY 4hr:

USD/JPY 15 min:

AUD/JPY 4hr: a small breakdown for now in sympathy with stock weakness. Watch today with AUD Employment data:

EUR/USD 4hr: gave up to 250 pips before gravitating back to 1.18 major S/R:

EUR/AUD 4hr: gave up to 290 pips before stalling:

EUR/NZD 4hr: gave up to 370 pips before stalling:

EUR/JPY 4hr: gave up to 130 pips before stalling:

Other Forex:

Gold 4hr: still consolidating with little momentum:

NZD/USD 4hr: revised trend lines here:

AUD/USD 4hr: watch the 0.755 S/R zone with today’s AUD Employment data:

GBP/USD 4hr: watch trend lines with today’s BoE Gov Carney speech:

Most other pairs as per yesterday’s post.

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