The US$ Index has finally broken up and out of the wedge and daily Cloud and this has triggered some trend line breakout moves. Watch to see how today’s NFP impacts the US$ and for any new weekly chart wedge breakout. The Fed Chair, Jerome Powell, failed to soothe stock traders but there has still been no flight to safety into Gold.

Data: NFP is the main item for Friday:

Earnings:

DXY daily: up and out of the daily Cloud BUT watch for any weekly chart wedge breakout. NB: the FX indices are aligned for risk-off as the EURX is below the 4hr and daily Cloud and the DXY is above the daily and 4hr Cloud.

Trend line breakouts:

S&P500 4hr: the index has broken below the 12-month support TL BUT watch for any potential Bull Flag. This TL b/o is now up 150 points:

EUR/USD:

EUR/USD 4hr: below 1.20 so watch for any push to 1.19:

EUR/USD 30 min: this latest move would have been able to be caught by Asian breakout traders:

USD/JPY 4hr: this did end up being a Bull Flag and has given up to 100 pips:

GBP/JPY 4hr: watch 150 for any new make or break:

AUD/USD 4hr: a TL b/o for 65 pips so watch for any push to 0.77:

Other markets:

NZD/USD 4hr: lower with the stronger US$ BUT note the descending wedge here:

Gold 4hr: below $1,700 so watch to see where this closes for the week:

ASX-200 4hr: revised trend lines and holding up well, all things considered!