There haven’t been any significant new trend line breakouts over the last session but some pairs are edging closer to major trend lines. The FX Index chart Flag patterns continue shaping up as well.
Data: Watch today with NZD GDP, the BoJ rate update and USD GDP data.
USDX weekly: the Bear Flag might be back on here:
USDX daily: watch the weekly 200 EMA for any new make or break:
EURX weekly: this lis back to looking Bull Flag like:
Bitcoin: looks like the daily candle will close below the support trend line. If so, look for any push down to the weekly 61.8% fib (near $8,000):
Trend line breakouts and TC signals:
Gold 4hr: limping higher for 80 pips:
EUR/JPY: the major 135 level is coming into focus here now! Watch for any impact from today’s BoJ rate update:
EUR/JPY 4hr: now at 120 pips but watch the major 135 for any new make or break:
EUR/JPY 15 min: this TC signal is now at 9R!
EUR/JPY daily: the 135 is a major S/R level so watch this for any new make or break:
EUR/JPY weekly: 135 is near the weekly 61.8% fib and a level I have warned about for weeks!
EUR/JPY monthly: 135 is major S/R:
AUD/JPY 4hr: now at 55 pips:
AUD/JPY 15 min: a new signal here for 4 R:
GBP/JPY 4hr: now at 140 pips:
GBP/NZD 4hr: now at 120 pips:
EUR/AUD 4hr: now at 110 pips but watch the 1.55 S/R level for any new make or break:
EUR/NZD 4hr: still at 120 pips:
USD/JPY: no 4hr breakout yet but price action is butting up against a 4hr chart bear trend line so watch today with the BoJ update. Note that the TC signal here has continued on for 5 R:
USD/JPY 4hr: watch for any new breakout:
USD/JPY 15 min: this TC signal is now at 5R:
Other Forex: watch these chart patterns for any momentum-based trend line breakout:
EUR/USD 4hr: a new breakout looks to be building here: