I have just woke to see that the USDX is still hanging in there above the 76 level...but just by the skin of its teeth. Thus , I will still wait to see how this reacts around this level before being confident with future trends. The EURX is still trading within its range bound area of 108 – 106.5 too so, no more clarification is available there either.
The AUD/USD long signal identified by TS yesterday did evolve to deliver 70 pips. There were also signals overnight to :
LONG: GBP/USD, NZD/USD and AUD/CAD and
SHORT: EUR/AUD (gave 100 pips!) , USD/SGD and GBP/AUD.
These trades are essentially all correlated though to read as SHORT the USD. So, until I’m more confident with the direction of the USD from the USDX, I will stand aside.
I am finding that some TS signals are coming in but my indicators are aligning over a range of candles. I'm beginning to see this a sign of continued volatility or swinging of price within range bound areas.