I’m still away and so this is just a brief technical update about what I’m seeing across some FX charts. The best I can say is that most pairs are back to looking poised near major levels. Whether the next move is on the back of a weaker or stronger US$ remains to be seen though as the US$ index remains range bound near major S/R.
USDX daily: no follow through so revised trend lines. The index is also back near the weekly 200 EMA S/R so watch for any new make or break.
EURX weekly: the Bull Flag might be evolving here!
Trend line breakouts: just two so far this week:
Gold daily: 120 pips:
EUR/AUD 4hr: an unlikely candidate but a choppy 100 pip move:
EUR/USD: within a Flag but has given a bit of a semi-decent TC signal on the 15 min chart:
EUR/USD 15 min:
EUR/JPY 4hr: poised near 133:
AUD/USD 4hr: poised near 0.78:
AUD/JPY 4hr: poised near 0.87:
GBP/USD 4hr: poised under a bear trend line:
NZD/USD 4hr: poised near 0.71:
USD/JPY 4hr: poised near 112:
GBP/JPY 4hr: poised above 147:
AUD/NZD 4hr: poised near 1.10:
ASX200 4hr: there has been a new bullish breakout so will this be the one to deliver follow-through? Watch 5,00 for any new make or break:
USD/MXN daily: note how there has been a huge breakout since the last daily chart update for over 10,000 pips (http://www.tradecharting.com/fx-quiet-fomc/). The 19 level is major S/R and the next level to watch for any new make or break: