Wednesday, April 16, 2014

Trading Week 16th April: Risk on building?

Wed 16th April (7 pm)
The Chinese GDP data was reasonable and this triggered some risk appetite during the Asian session. The Nikkei closed up 3% and the Aussie markets are holding above the whole number major support of 5,400 level and closed at 5420.32. The S&P500 is trading higher in pre-market too.

Indices: the USDX continues to weaken and the EURX looks to be aiming to test the upper range of the triangle pattern:


TS signals:
A/J: I had stressed to leave this one until after Chinese data. This signal has now closed off and price is still trading within a 'flag' pattern:

GBP/AUD: I noted in my morning write up how this had triggered a new TS signal BUT price was then trading below the Cloud. Price is now above the Cloud and so this signal has been validated:

G/A 4hr:

G/A 4 hr Cloud:

Kiwi: this signal is still valid but hasn't moved too far:

Kiwi 4 hr:

Kiwi 4hr Cloud:

E/U: this is trying to form up a new TS signal. Price is already above the 4hr and daily Cloud so these won't be an issue:

E/J: this has triggered a signal BUT is outside the Bollinger band and not valid and also not valid from a 4 hr Ichimoku Cloud perspective:

A/U: this triggered a new TS signal this morning but I said I'd need to see price below the 4hr Cloud before I would be interested in this short. Price is edging lower but still has yet to close below the Cloud: 

A/U 4 hr:
A/U 4 hr Cloud:

Cable: this also triggered a new TS signal after the positive GBP jobs data BUT price is well outside the Bollinger band and thus not valid:

U/J: this is still trading below the 4hr Cloud and below the monthly 200 EMA:

AUD/NZD: this popped above the 1.09 today BUT I would want to see a daily close above this key level before expecting any follow through: 

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