Indices: This old song came back to mind when I checked out the indices just now. The USDX is back up at the weekly 200 EMA and the EURX is back at the monthly 200 EMA. Creatures of habbit!
USDX:
S&P500: currently down. I'm still waiting for a clear 'make or break' of this 'triple top':
Gold and Silver: neither of these have welcomed the latest batch of USD strength. Adding fib levels to their most recent bull moves shows that a bit of a pull back is within reason though even if there is to be any bullish continuation:
Silver: A pull back to the key $20.50 looks possible:
Gold: a pull back to the $1,280 region is near a bit of support:
FX pairs: Interestingly, with this overnight shift to 'risk off', I don't have any new TS signals, not even on the A/U. They may yet build but they haven't as yet!
E/U: has fallen below the 1.37 and is now finding some support at the 1.365 S/R level. A short signal trying to build but hasn't as yet:
E/J: not straying too far from the 61.8% fib:
A/U: triangle holding price for now:
A/J: triangle break BUT no TS signal:
Cable: not straying too far from the monthly 200 EMA:
U/J: ditto
Kiwi: choppy:
EUR/AUD: choppy:
AUD/NZD daily: inverse H&S still brewing:
GBP/AUD: a close above the monthly pivot would void this technical pattern BUT we haven't had that yet:
EUR/USD 30 min chart: the bearish action overnight put the E/U back into the 4hr Ichimoku Cloud. Periods of Cloud bound action are often best traded off 30 min charts during the US session. The E/U could have delivered up to 50 pips for those of you who can trade this time frame:
I'm out at hospital for much of today and will update on my return.
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