The chop-fest continues on many FX pairs ahead of tomorrow’s much anticipated Jackson Hole. I urge caution until after this event.
EURX daily: has stuck its head above the Flag TL and monthly 200 EMA. Watch for any follow-through. Caution is needed ahead of, and with, Jackson Hole though:
USDX daily: range-bound:
Trend line breakout trades:
EUR/NZD 4hr: now at 300 pips after rejecting 1.60 support:
EUR/AUD 4hr: this gave a new breakout since yesterday for 80 pips. Watch the 1.50 level though:
NZD/USD: this has now given up to 120 pips and note the support at 0.72. I had Tweeted about this level yesterday as one to watch.
NZD/USD 15 min: this TC signal reached 5R:
EUR/USD 4hr: watch for any breakout here:
Gold 4hr: watch TL here too:
Silver 4hr: ditto:
Oil 4hr: ditto:
GBP/USD 4hr: weaker but watch today with GBP Second Estimates GDP.
Most other FX pairs as per my previous update.