I tweeted yesterday afternoon to watch for any recovery with the US$ and that looks to be evolving. As such, a time-out is needed whilst I wait for new technical patterns to emerge. Momentum is low and or declining on most charts so keep watch of this metric as well.
NB: I have a few meetings scheduled for this weekend so weekend updates will be brief.
Data: Watch today with US Philly Fed Manufacturing Index and US Weekly Unemployment data.
DXY 4hr: note the revised trend lines to show a bullish-reversal descending wedge. Watch for any relief rally here:
S&P500 4 hr: watch for any new TL b/o:
ASX-200 4hr: watch for any new TL b/o:
Gold 4hr: note the failure at the $2,000 level and 61.8% fib! Waiting for a new pattern to emerge but the $1,900 remains in key focus:
EUR/USD 4hr: watching for any new 4hr chart pattern to emerge:
AUD/USD 4hr: watching for any new 4hr chart pattern to emerge:
NZD/USD 4hr: watching for any new 4hr chart pattern to emerge:
GBP/USD 4hr: watching for any new 4hr chart pattern to emerge:
USD/JPY 4hr: note the bounce up from the monthly 200 EMA; something I had warned for you all to watch: