The S&P500 and NASDAQ have closed at new Highs ahead of Fridays US jobs report. The US$ remains weak and this helped to develop the breakout moves that were already underway from earlier in the week. Same caveat applies: make sure to manage risk on any open positions into NFP.
Data:
DXY weekly: watch for any new TL b/o:
Trend line breakouts:
EUR/USD:
EUR/USD 4hr: this TL b/o is now up 100 pips BUT watch 1.19 for any new make or break:
EUR/USD 30 min: note how a decent range b/o trade was available here for short-term traders in the European session:
AUD/USD:
AUD/USD 4hr: this TL b/o is now up 75 pips BUT watch 0.74 for any new make or break:
AUD/USD 30 min: note how a decent range b/o trade was available here for short-term traders in the European session:
NZD/USD:
NZD/USD 4hr: this TL b/o is now up 100 pips BUT watch 0.71 and the bear TL for any new make or break:
NZD/USD 30 min: note how a decent range b/o trade was available here for short-term traders in the European session:
AUD/JPY 4hr: this TL b/o is now up 120 pips:
GBP/JPY 4hr: a new TL b/o here for 40 pips BUT watch the bear TL for any new make or break:
Other markets:
S&P500 4hr: watch for any new TL b/o:
ASX-200 4hr: watch for any new TL b/o:
Gold 4hr: watch for any new TL b/o:
GBP/USD 4hr: watch for any new TL b/o:
USD/JPY 4hr: watch for any new TL b/o:
