Wednesday, April 9, 2014

Trading Week:9th April (am)

Wed 9th April (7.55 am)
A/J: no new TS signal or channel break yet. This might stutter along until after AUD employment data that is due out tomorrow:

Wed 9th April (5.30 am)
Indices: The USDX is sharply lower today but the EURX is also down and struggling to hold above a major support trend line:
USDX 4 hr:
USDX daily:
EURX 4hr:

S&P500: has put in a bit of a bounce today.  
Daily S&P500:

Ichimoku S&P500: the previous 'bullish' cross seems like it will not evolve:

XJO: The Aussie top 200 index opened lower again yesterday but made an interesting move higher into the close. The index again managed to close above the psychological 5,400 level but is still just below the 61.8% fib:

NB: I have not been able to update since 8.40 am yesterday. Following a 4 hr drive home from interstate I then had to take another 4 hr round trip home to pick up one very sick 17 yr old from their Cadet Camp. There have been some new TS signals during this period.

New TS signals:
E/U: I discussed yesterday morning in my 8.40 am update how this was trying to form up with a new TS signal. This did eventually evolve off my subsequent 4 hr candle at 11 am! There has also been a trading channel break:

Kiwi: this triggered a new TS signal yesterday as well. Price is also back above the major monthly chart triangle trend line. A test of the mid 2011 high, up near 0.88, might be next here: 

Kiwi 4 hr:

Kiwi monthly:

A/U: this also triggered a new TS signal BUT price was outside the Bollinger band so this is not valid. I have 'arrowed' the signal candle anyway. This follows from the earlier long TS signal that failed. This pair is trying to head higher: 

Cable: As with the A/U, this pair triggered a new TS signal but was not valid due to the Bollinger band. Note the 'neck line' break on the bullish 'inverse H&S' I've been watching though! I have 'arrowed' the signal candle anyway.

Other FX:
U/J: down but a support trend line may offer some lift here:
U/J 4hr:
U/J daily:

E/J: ditto as for the U/J
E/J 4 hr
 E/J daily:

A/J: may roll over and trigger a new TS signal BUT could also end up evolving into a Bull Flag, hence the trend lines: 

AUD/NZD: this pulled back to test the major S/R level of 1.075. Price has bounced a bit from there and I'm on the lookout for follow through now with the developing 'double bottom'. My long order has filled there but I'm expecting a lot more choppiness here if both the AUD and NZD keep trying to grind higher:

A/N 4hr:
A/N daily:

EUR/AUD: choppy as both the EUR and AUD rally: 

GBP/AUD:  choppy as both the GBP and AUD rally: 

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