Kiwi: watch for any break, close and hold below the 0.85 level. This would suggest more bearish follow through. A possible target could be the monthly support trend line which is almost 500 pips away. This forms the support trend line as part of the bullish ascending triangle. The daily 200 EMA might offer some support […]

Wed 28th May (5.40 pm) Indices: the USDX has continued to track higher:

Mon 26th May (8.15 pm) The EUR/AUD and GBP/AUD have both been setting up in ‘Bull Flag’ like patterns on their 4hr charts today. The EUR/AUD might be making for a bullish breakout but there is little momentum behind the moves on either pair just at the moment and, thus, I’d be a bit wary. […]

Friday’s action on the S&P500 had me thinking that this was a bit like a ‘Neil Armstrong moon landing’ moment. It was ‘one small step for the S&P500’ higher on Friday but ‘one giant leap for market psyche’ with the significant close above the psychological 1,900 level:

Fri May 23rd The S&P500 looks set to test the upper region of the bullish ascending triangle in coming sessions.