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Keep an eye on the US$

The US$ is struggling to break up and out of the daily Cloud and this has helped to support Gold and some Forex pairs. Traders should keep an eye on which way the US$ heads following the US Presidential Election.

 

Data: Watch today with the RBA rate update and the US Presidential Election.

 

Earnings:

 

DXY daily: the DXY is struggling to break free of the daily Cloud so watch this region for any new momentum-based make or break:

 

Markets:

S&P500 4hr: a bit higher on the day BUT on declining momentum. Watch for any new momentum-based trend line breakout:

 

ASX-200 4hr: a bit higher on the day, BUT, also on low momentum. Watch for any new momentum-based trend line breakout; especially with today’s RBA rate update:

 

Gold 4hr: Watch for any new momentum-based trend line and $1,900 breakout:

 

EUR/USD 4hr: Watch for any new momentum-based trend line breakout:

 

AUD/USD 4hr: Watch for any new momentum-based trend line breakout; especially with today’s RBA rate update:

 

AUD/JPY 4hr: Watch for any new momentum-based trend line breakout; especially with today’s RBA rate update:

 

NZD/USD 4hr: Watch for any new momentum-based trend line breakout:

 

GBP/USD 4hr: Watch for any new momentum-based trend line breakout:

 

USD/JPY 4hr: Watch for any new momentum-based trend line breakout:

 

GBP/JPY 4hr: Watch for any new momentum-based trend line breakout: