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Risk-on keeps rolling

Risk-on sentiment kept rolling yesterday as did US$ weakness and this helped to trigger a number of trend line breakout trades based off chart patterns profiled in my weekend analysis. There were also numerous accompanying short-term breakout signals (TC signals too) that were of great value.

 

Ryan Detrick has summed things up though as all rather confusing! That is why I continue to urge traders to manage risk and position size appropriate to these current market conditions.

 

 

 

Data: Watch today for impact from an RBNZ Gov Orr speech and an ECB President Lagarde speech.

 

Earnings:

 

DXY daily: watch for any developing weakness after this TL b/o:

 

Trend line breakouts:

ASX-200: looks set to head back to 6,000:

ASX-200 4hr: a TL b/o for up to 160 points from this 5,600 b/o:

 

ASX-200 30 min: only seeing bullish signals!

 

EUR/USD: watch for any TL and 1.10 breakout:

EUR/USD 4hr: watch for any new b/o:

 

EUR/USD 15 min: this got going early yesterday and gave a low risk Cloud breakout signal and TC signal for 10 pip Risk. This b/o gave 70 pips for 7 R:

 

GBP/USD: I'd been a bit premature watching this last week for a bullish recovery. Triggered in spades last session though!

GBP/USD 4hr: a TL b/o for up to 140 pips:

 

GBP/USD 15 min: a new range-breakout signal came with this TL b/o for 130 pips and 5 R:

 

Gold 4hr: I had warned to watch for any pullback here if stocks remained bid and this is what we've got.

 

AUD/USD 4hr: a TL b/o for up to 50 pips BUT now watch the recent High of 0.67 for any new make or break:

 

NZD/USD: this has broken out of a recent range:

NZD/USD 4hr: a TL b/o for up to 90 pips BUT now watch the recent High of 0.625 for any new make or break:

 

NZD/USD 15 min: this gave a great low risk 10 pip Stop trade set up that gave up to a 100 pip gain for 10R!

 

Other Markets:

S&P500 4hr: watch the 3,000 for any new breakout:

 

AUD/JPY 4hr: this is looking bullish so watch the daily 200 EMA for any new make or break: