The Australian XJO index, the S&P/ASX200 index, is consolidating within a daily chart triangle ahead of a big data week. The same rule applies; watch for any trend line breakout, up or down, that evolves with increased ADX momentum.

Global stock indices were hit hard by Friday’s Brexit result and large percentage falls were seen across most of the majors. Stepping out to look at the weekly charts though helps to identify key support zones and to focus on the bigger picture view and, whilst a couple of indices have broken through support, many continue ranging within trading channels and with […]

I Tweeted last week wondering if the XJO, the Aussie-200 index, would bounce up from a support trend line and, whilst it as put in a bounce since then, I’m keenly watching the trend lines for any breakout. In this post I take a look at the charts of this index and, also, of some […]

The US$ is still making lower Lows and lower Highs whilst it hovers above 92.50 S/R. Oil is also holding near the $45 S/R level. The S&P500 has just printed a bearish Ichimoku Cross but remains above the support of the Cloud for now and a few FX pairs are also holding above S/R fib […]

I’m still on the move here in Lisbon and so this is just a brief update on a few FX pairs but, with BoE interest rates on the calendar this week, I’m wondering if the GBP/USD might be the pair to watch.