Friday, April 11, 2014

Trading Week 11th April (am)

Fri 11th April ( 11.40 am)
EURX: This has now made the bullish triangle breakout:

Fri 11th April ( 11.20 am)
New TS Signals:  my 11 am candle close generated two new TS signals.

Kiwi: this was a signal to short BUT price is trading above the Ichimoku Cloud on the 4hr and the daily and so I'm wary here as this signal is not technically valid:

AUD/NZD: this has generated a new long signal. Price is above the Ichimoku Cloud on the 4hr and daily chart so this is more appealing. I'd still be waiting to see the results of Chinese CPI first though. BTW: Note how price is 100 pips above the key 1.075 level I have been emphasising here: 

A/N 4hr:

A/N daily: the neck line of the 'double bottom @ 1.09 is just above price now too:

Fri 11th April ( 6.45 am)
Indices:Better than expected US employment data has done little to help the USD. This index continues to slide to the bottom of the recent trading range: 81.50-79: 

USDX 4 hr:

USDX daily: keep an eye on the index for possible reaction as it gets closer to the 79:

EURX 4 hr: The EURX looks set to make a bullish triangle break on the 4hr chart, clearly enjoying the USDs pain!
EURX daily:

Ichimoku Alignment: the USDX and EURX charts are aligned for 'risk on'. This may or may not result in significant follow through BUT I am the lookout for any new TS signals that are in line with this momentum.

S&P500: Overnight was clearly another case of 'good news being bad news'. That is, good news for the US economy translating into bad news for US stocks. QE tapering thoughts seems to have unsettled investors .....again. I will be very interested to see how the Aussie market reacts to this turn of events and how it digests the 'good news'. There are G20 and G7 meetings today and Chinese CPI data is due out at 12.30 pm. The latter might trigger some AUD movement.

S&P500 30 min: this would have provided some easy short term trading opportunity:

S&P500 daily: the daily support trend line is still intact:

S&P500 Ichimoku: The index is down to the support of the daily Cloud.

TS Signals: 
E/U: this TS signal is now up 150 pips.  Price is edging up close to the major triangle trend trend line from the monthly chart:

E/U 4 hr:

E/U monthly:

Kiwi: this has now closed after giving 100 pips:

Gold: was up about $8 until it ran into the resistance of the daily 200 EMA and the monthly pivot:

Other FX:
E/J: still within the triangle and above the 61.7% fib support:

A/U: has stalled a bit but the weekly Ichimoku Cloud was always suspected of slowing things down here. Watch for impact from Chinese CPI data today: 

A/J: no new TS signal evolved so I've adjusted the trend lines, again, to try and capture recent S/R: 

Cable: is trying to hold it together at the resistance of the 1.68:

U/J: trying to hold it above the triangle trend line but clearly being hurt by the sell off with stocks on S&P500 and Nikkei: 

EUR/AUD: the slow slide continues:

GBP/AUD: ditto here:

AUD/NZD: holding above the 1.075:

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