It has been tough going for Forex traders as the US$ index chops sideways along a support trend line and this has kept many currency pairs choppy as well. Most chart trend lines have been adjusted due to low momentum evident against this sideways DXY movement.
Data: watch today with AUD Retail Sales, NZD Credit Card spending and GBP Retail Sales data.
Earnings:
DXY daily: chopping sideways above support BUT watch this region for any new make or break:
Markets:
S&P500 4hr: the look of a Bull Flag here:
ASX-200 4hr: drifting higher:
Gold 4hr: note the bounce up from the bottom trend line and the print of a bullish-reversal Morning Star here:
EUR/USD 4hr: watch the DMIs for clues here with any new TL b/o:
AUD/USD 4hr: watch the DMIs here too for clues here with any new TL or 0.73 b/o:
AUD/JPY 4hr: revised trend lines to monitor for any new b/o:
NZD/USD 4hr: watch the DMIs here too for clues here with any new b/o:
GBP/USD 4hr: revised trend lines to watch for any new b/o:
USD/JPY 4hr: revised trend lines to watch for any new b/o:
GBP/JPY 4hr: revised trend lines to watch for any new b/o: