There has been little movement given the US Thanksgiving holiday but the FX Flags seem to be evolving and a couple of TC signals continued. Luckily we have the Ashes and good beach weather here to occupy us!
USDX weekly: the Bear Flag looks to be in progress but watch the 92.50 S/R level for any support:
EURX weekly: watch for any momentum-based trend line breakout:
EUR/USD: this breakout has continued for around 85 pips:
EUR/USD 15 min: the first TC signal here has given up to 110 pips:
Oil: I had mentioned in recent weekend write-ups to watch for any push back up to the weekly 200 EMA and we’ve finally got this move and this is the region to watch for any new make or break. Note the great low-risk TC signal that triggered recently. In fact, there have only been LONG TC signals:
Oil 4hr: watch the weekly 200 EMA:
Oil 15 min: a great low risk 4 R trade outcome here:
Gold: watch this trend line for any new make or break:
Gold 15 min:
Most other FX charts as per yesterday’s update.