Thursday, March 20, 2014

Trading Week 17/03/14: Post FOMC.

Thurs 20th March (9.30 am)
Kiwi: A weaker than expected GDP result for NZD has left the Kiwi open to a possible pull back to the 0.84 level. This would be a 61.8% pull back of the recent bull move and is also the 4hr 200 EMA:

Thurs 20th March (8.50 am)
No new TS signals: I must say that I am VERY surprised that the big post FOMC moves have not triggered any new TS signals off my 8 am candles, not even on the U/J! 

Thurs 20th March (5.40 am)
FOMC: has triggered some FX movement but it might be best to let the dust settle and watch for trend lines to either hold or break.

Indices: Fed taper news has boosted the USDX but the EURX has held on so far. The USDX has rallied up through a daily chart bear trend line:

USDX daily:

USDX 4 hr:

EURX daily:

EURX 4 hr:

S&P500: choppy and not sure how to take the good news that QE stimulus is not needed as much now: 

Gold: the stronger USD has weakened Gold but the daily trend line is in tact for the time being:  

Silver: holding above the $21.50 for now: 

TS signal:The A/U was the only valid signal and FOMC ended its run. Note the pull back to the 0.905 'neck line' though!

Kiwi:  this wasn't a valid signal but FOMC ended this too. Note the support trend line is holding for now but look out for any break here:

U/J: the USD strength has lifted the U/J and triggered a new signal BUT this is not valid as price is well outside the Bollinger band:

U/J 4 hr:

U/J daily: watch the triangle trend lines here though:

E/U: 4 hr trend line broken BUT price supported by the 61.8% fib for now:

E/J: supported by U/J moves and triangle bound: 

A/J: also helped by U/J:

Cable: weakened by the stronger USD so watch for any trend line breaks: 

EUR/AUD: triangle bound on daily chart:
E/A daily:

E/A 4 hr:

AUD/NZD: choppy:

GBP/AUD: is this just testing broken trend line before a further fall OR reversing? 

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