The DXY continues to hover near a support level and this has slowed the pace of movement on some FX pairs. Keep an eye on the charts below for any new momentum trend line breakout.
Data: a few EUR PMIs to monitor today:
DXY daily: price action holding near the 61.8% Fibonacci and stuck within the daily Cloud so watch for any breakout: up or down:
S&P500 4hr: US stocks pulled back a bit last session on fear of a Capital Gains tax hike but note the look of a Bull Flag here. You know the drill: watch for any momentum-based trend line breakout: up or down! Any weakness would bring the 12-month support TL and whole-number 4,000 level into focus as these are near the 4hr chart’s 61.8% Fibonacci.
ASX-200 4hr: note how the pre-2020 level acted as support here.
Gold 4hr: watch for any breakout above $1,800 or below $1,770:
BTC/USD weekly: just throwing this in as the support TL is being tested. Note the revised Volume trend line:
EUR/USD 4hr: watch 1.20 for any new make or break:
AUD/USD 4hr: watch 0.77 for any new make or break:
AUD/JPY 4hr: watch 83 for any new make or break:
GBP/USD 4hr: watch 1.38 and revised TL for any new make or break:
NZD/USD 4hr: watch 0.72 and revised TL for any new make or break:
USD/JPY 4hr: watch 108 and wedge TL for any new make or break:
GBP/JPY: note how price turned after peaking at the 4hr chart’s 61.8% Fibonacci!
GBP/JPY 4hr: 200 pips before pausing:
GBP/JPY 4hr: 200 pips before pausing:
GBP/JPY daily: a bit of a Bull Flag look to the revised trend lines:
