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Gold and Oil in focus as US$ weakens.

US$ weakness has helped to trigger some risk-on style FX moves and TC signals but Gold and Oil are the key items in focus.

 

Data: watch today with AUD Job ads and US Trade Balance data.

 

USDX 4hr: this has broken support so watch for any push to the 4hr chart’s 61.8% fib:

 

S&P500: up again today and note how a LONG TC signal off the 15 min chart actually triggered last Friday:

 

TC Signals and Trend line breakouts:

EUR/USD: this is higher and now testing a bear trend line so watch for any new breakout:

EUR/USD 4hr: watch the bear trend line and 1.15 level for any new make or break:

 

EUR/USD 15 min: currently at 75 pips for 2.5 R

 

AUD/USD 4 hr: now at 120 pips:

 

GBP/USD: this is higher too and up testing the descending wedge trend line so watch this, and 1.28 S/R, for any new breakout:

GBP/USD 4 hr: this is a daily/weekly chart bear trend line to monitor; as well as the 1.28 S/R level:

 

GBP/USD 15 min: currently just 30 pips for 1 R but watch the 1.28 level:

 

GBP/JPY: this is up testing 139 S/R now so watch for any new make or break.

GBP/JPY 4hr: watch 139 S/R:

 

GBP/JPY 15 min: a bit too high risk for me but I’m just putting in as one of the few signals that triggered. Like the otters, it’s working!

 

Other Forex:

Gold 4hr: keep an eye on the $1,300 level for any new make or break:

 

Oil 4hr: keep an eye on the $49 level for any new make or break:

 

EUR/JPY 4hr: keep an eye on the 125 level for any new make or break:

 

AUD/JPY 4hr: keep an eye on the 78 level for any new make or break:

 

NZD/USD 4hr: keep an eye on the bear trend line, near the 0.675 level, for any new make or break:

 

USD/JPY 4hr: keep an eye on the triangle trend lines for any new make or break:

 

BTCUSD 4hr: keep an eye on the upper wedge trend line for any new make or break: