There hasn’t been much movement on the instruments I monitor but it is interesting to note how key S/R levels are coming into play for a number of them.The drill is always the same:watch for any momentum-based trend line breakout.
Data: lots of second tier data to see out the week:
Earnings: a few less to finish the week:
DXY daily: the index has paused at the support trend line so watch for any new make or break from here:
Markets:
S&P500 4hr: holding near 4,200 so watch for any new momentum-based TL b/o:
ASX-200 4hr: holding under 7,100 so watch for any new momentum-based TL b/o:
Gold 4hr: holding near $1.770 so watch for any new momentum-based TL b/o:
EUR/USD 4hr: stuck near the monthly 200 EMA and 1.21 level so watch for any new momentum-based TL b/o:
AUD/USD 4hr: also stuck near the monthly 200 EMA and near 0.78 so watch for any new momentum-based TL b/o:
AUD/JPY 4hr: revised trend lines here but it is the key 85 S/R that needs watching:
GBP/USD 4hr: holding under 1.40, which is major S/R, so watch for any new momentum-based TL b/o:
NZD/USD 4hr: watch 0.73 and for any new momentum-based TL b/o:
USD/JPY 4hr: watch 109 for any new momentum-based b/o:
GBP/JPY 4hr: watch 152 for any new momentum-based b/o:
