The US$ moved lower again last session and is shaping up to print a bearish monthly candle. This shift has helped to develop the bullish-reversal descending wedge on the EUR/USD as well as to support Gold and the commodity currencies. Watch today for any end of month flows.

 

Bluehost Server problems: I am still having significant server problems caused by my hosting company. I have persisted with posting a full article today but may need to revert to sending out PDF updates if Bluehost don’t fix this problem.  I am STILL trying to get Bluehost to correct the problems they have created.

 

Data:

 

Earnings:

 

DXY daily: lower again:

 

Trend line breakouts:

EUR/USD:

EUR/USD 4hr: the wedge b/o is now up 90 pips:

 

EUR/USD 30 min: note how short-term traders could have caught a great Asian breakout trade here:

 

GBP/USD:

GBP/USD 4hr: this TL b/o is now up 170 pips:

 

GBP/USD 30 min: note how short-term traders could have caught a great Asian breakout trade here:

 

NZD/USD:

NZD/USD 4hr: this new TL b/o is up 30 pips:

 

NZD/USD 30 min: note how short-term traders could have caught a great Asian breakout trade here:

 

Other markets:

S&P500 4hr: watch for any new TL b/o:

 

ASX-200 4hr: watch for any hold above 7,400:

 

Gold:

Gold 4hr: watch for any new TL b/o:

 

Gold 30 min: note how short-term traders could have caught a great Asian breakout trade here:

 

AUD/USD 4hr: watch 0.74 and for any new TL b/o:

 

AUD/JPY 4hr: watch for any new TL b/o: