There hasn’t been a lot of change since yesterday but here are trend lines to watch for any new reaction to news AFTER the Federal Reserve Jackson Hole Summit.
Data: Watch for any market reaction to the Jackson Hole Symposium:
DXY weekly: still consolidating ahead of the Fed Summit:
Markets:
S&P500 4hr: revised trend lines BUT watch 4,500 for any new make or break:
ASX-200 4hr: revised trend lines so watch for any new b/o:
EUR/USD daily: note the look of a bullish-reversal Descending Wedge here BUT watch for any new TL b/o: up or down:
AUD/USD 4hr: note the reaction at the 61.8% Fib! Watch for any new TL b/o:
AUD/JPY 4hr: note the reaction at the 61.8% Fib! Watch for any new TL b/o:
GBP/USD 4hr: THis also reacted at the 61.8% Fibonacci BUT watch revised TL for any new b/o:
NZD/USD 4hr: note the reaction at the 61.8% Fib! Watch for any new TL b/o:
GBP/JPY 4hr: Watch revised TL for any new b/o: