The FX Indices look to be attempting new Flag breakouts and, if they evolve, this would have serious implications for trading FX currency pairs. The FX Index alignment, noted here last weekend, has already helped to point to some great US$ weakness related trend line breakout trades!
NB: It is summer down here and a great holiday periods so updates will be brief and few for the next couple of weeks.
USDX weekly: watch for any momentum-based trend line breakout:
EURX weekly: watch for any momentum-based trend line breakout:
FX Indices: I mentioned last weekend how these were aligned for risk on and this has been evident in the movement on some FX pairs.
Trend line breakout trades and TC signals: there ha been some great new breakouts since my weekend update and some that have continued on for more gain:
Gold: This breakout move has continued and is now up 300 pips. There have been two great 15 min TC signals here over last few days:
Gold 15 min: two separate TC signals:
Gold 15 min:
Oil: I Tweeted about this great Flag breakout and new TC signal the other day:
Oil 4hr: 150 pip breakout move:
Oil 15 min: a 5 R trade here!
AUD/JPY: this gave a new breakout last session along with a decent TC signal for ? R:
AUD/JPY 4hr: a 70 pip breakout move:
AUD/JPY 15 min: a 4 R trade result:
EUR/JPY: a new breakout here for just 50 pips BUT watch the major 135 level now for any new make or break:
EUR/JPY 4hr: 50 pips:
EUR/JPY 15 min: a 2 R trade here:
AUD/USD 4hr: this breakout trade has continued on to 100 pips:
NZD/USD: a small breakout here:
NZD/USD 4hr: a breakout for 50 pips:
NZD/USD 15 min: a 3 R trade here:
Other Forex: watch these 4hr charts for any trend line breakout: