Friday, April 18, 2014

Trading Week: Good Friday

Fri 18th April (11.15 am)
A/U: the 11 am candle closed as bearish so is technically a signal but given the minute size and spinning top style I'm not convinced. Hence, I've re-drawn trend lines and want a further fall and trend break before being any way confident:

Kiwi: has yet to break below the monthly pivot:

AUD/NZD daily: I have been forgetting to post this chart. I am waiting until next week this one though and hoping it may make a daily close above the 1.09 'neck line':

GBP/JPY: this is starting took interesting again. A wonky potential 'inverse H&S' for sure, but, key S/R is looming again:

G/J daily:

G/J 4 hr:

Fri 18th April (8 am)
Indices:The USDX continues with its bounce off support. The EURX continues coiling within the triangle:

USDX daily:
EURX 4 hr:

S&P500: continued to trade higher:

TS Signal:
GBP/AUD: is up a maximum of 120 pips:

New TS signal:
Kiwi: this has formed a new TS signal AND has broken the revised support trend line. Price is also trading below the 4hr Cloud but above the daily Cloud so ok but not ideal. I will be waiting until after Easter now though due to low liquidity AND I would also want to see price break down through the support of the monthly pivot and 4 hr 200 EMA:

Other FX:

U/J: this is trying to form a new TS signal BUT I would be wary with the low liquidity over the Easter break. I would be interested though in this for next week IF this signal forms AND then closes above the monthly 200 EMA:

A/U: this is trying to form a new TS signal but hasn't succeeded just yet. Price is now below the 4hr Cloud though so any new signal would be valid, although, I'd be waiting until after the Easter break. A failure to produce a new TS signal will see me adjusting the trend lines here:

A/U 4 hr:

A/U 4 hr Cloud:

E/U: no new TS signal formed up here:

E/J: the daily chart shows how price is just chopping within the triangle:

A/J: chopping sideways too:

Cable: choppy near the major 1.68 S/R level:

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