Finally, some movement!
Indices: The USDX is moving lower and the EURX may continue to trigger a triangle break out!
USDX:
Forex: the following pairs are trying to trigger new TS signals:
E/U:
Cable:
U/J: watch the 200 EMA as well:
GBP/JPY: watch for any triangle and 200 EMA break here as well:
AUD/NZD: the Bollinger band break is a problem here though for any new TS signal. Watch the 1.09:
Aussie markets: they faded into the close to be down 2 points but still well above the 5480 level.
Check out these Bollinger bands on the A/U and A/J!
A/U:
AUD/NZD: watch out for any move back up to the 1.09 level:
A/ 4 hr:
A/N daily:
Gold: the 4hr 200 EMA is giving this some grief:
Australian Stocks: I wrote over the w/e about how the Aussie stock market made a very bullish close last week, the highest since mid 2008. Well, to continue this story, despite the steep falls with US and European stocks last Friday, the XJO (ASX 200) is ignoring that lead and is currently trading up another 16 points higher. There are 2.5 hrs until the markets close so things could well change but any positive close here would be noteworthy.
I tweeted over the w/e about another Aussie stock index worth watching and that is the small cap index of the XSO. This index is currently setting up in a triangle pattern:
XSO weekly
XSO daily
I have no idea which way this triangle may break I have found these patterns to be quite successful technical tools to help with spotting breakout moves. I have a page devoted to this on this site and I updated this page earlier today. It is worth checking these examples to see the gains that be can be achieved with tracking these types of moves.
FX Indices: no real movement here yet. It still feels like something big is brewing:
USDX:
Forex: no real movement yet:
E/U:
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