US stocks staged a recovery on Monday following easing concern about the impact of Omicron. This situation remains rather volatile though and could easily swing back the other way so make sure to manage risk. The US$ is little changed and so the Forex charts have little changed as well. The RBA update rates today so watch the AUD pairs for any reaction.
Copy of email sent out on Monday 6th December:
To all of my TC members,
I am writing to let you know that I have revised my plans for next year in the light of the last two years of Covid. This has been something I have been mulling over for some months now and the looming end of year has helped me to clarify my thoughts.
My husband and I have plans to travel quite a bit next year, assuming no major new Covid curve balls, and so I won’t have the time to dedicate to my weekly market updates. These articles take the best part of two days to produce, and such a commitment does not mesh with our travel plans.
This means that I will be ceasing my paid Tradecharting website subscription program and my last weekend market update article will be on Sunday 19th December.
I would ask that you immediately cancel your PayPal subscriptions to Trade Charting and I will do what I can to cancel your paid fees from my portal end as well.
I will be maintaining my Trade Charting website though and will post the occasional article when time and interest permit. These will be freely available to all traders.
I want to extend a big thank you for your support over the last few years and hope that I have been of some help on your charting analysis journey.
Data:
DXY daily: holding below the 50% Fib:
Markets:
S&P500 4hr: higher on the day BUT note the lack of momentum. Watch the 4,600 for any new make or break:
ASX-200 4hr: also higher on the day BUT note the lack of momentum. Watch the 61.8% fib for any new make or break:
Gold 4hr: watch for any new TL b/o:
EUR/USD 4hr: watch for any new TL b/o:
AUD/USD 4hr: watch for any new TL b/o; especially with today’s RBA rate update:
AUD/JPY 4hr: watch 80 S/R for any new TL b/o; especially with today’s RBA rate update:
GBP/USD 4hr: watch for any new TL b/o:
NZD/USD 4hr: watch 0.675 and for any new TL b/o:
USD/JPY 4hr: watch the 4hr 200 EMA for any new b/o:
GBP/JPY 4hr: watch the daily 200 EMA for any new b/o:
