The stronger US$ has driven some trend line breakout moves but watch again today with another Fed Chair Powell testimony in case this shifts US$ sentiment at all. There is also GBP Manufacturing PMI data to navigate. And, by the way, Bitcoin has printed a bullish-reversal candle for February!
USDX daily: a little higher but watch with today's Fed Chair Powell testimony:
Trend line breakout and TC signals:
Gold 4hr: now at 100 pips BUT watch for any Double Bottom here:
EUR/USD 4hr: now at 100 pips too and not going too far or too fast. Watch for any Triple Bottom here:
AUD/USD: this has given a trend line breakout for 80 pips and a TC signal off the 15 min chart for 75 pips and 5 R:
AUD/USD 15 min: a low risk set up:
AUD/JPY: this has given a trend line breakout for 90 pips and a TC signal off the 5 min chart for 70 pips and 2 R:
AUD/JPY 5 min: the Stop on the 15 min chart was too large hence a drop down to the 5 min chart worked:
GBP/USD: this has given a trend line breakout for 110 pips and a TC signal off the 5 min chart for 120 pips and 5 R:
G/U 5 min: The SHORT signal on the 15 min chart needed too large a Stop but a drop down to the 5 min chart worked:
GBP/JPY: this has given a trend line breakout for 230 pips and a TC signal off the 15 min chart for 3 R and off the 5 min chart for 8 R:
GBP/JPY 4hr: I have to admit I was looking for a break to the upside. That's the great thing about my TC system though as it protects against any bias. One just needs to watch for trend line breakout s that trigger with new TC signals!
GBP/JPY 15 min: too big a Stop needed on this time frame But dropping down to the 5 min chart worked better:
GBP/JPY 5 min: this time frame worked a treat for 8 R!
NZD/USD 4hr: now at 90 pips:
EUR/JPY 4hr: this is lower BUT note how the descending wedge is still holding. Watch for any new make or break at the monthly 200 EMA:
USD/JPY 4hr: little happening here:
BTC/USD monthly: Bitcoin has printed a bullish-reversal Hammer candle off $10,000 support so watch to see if bullish follow-through evolves!