General: I don't have any momentum TS signals across any FX pairs and there are 'triangle' patterns setting up across FX and stock indices. I see these 'triangles' as representing the indecision that is currently gripping the broader markets. Patience is required until trending markets return.
Indices: The USDX has stalled a bit at the 4hr 200 EMA and the EURX continues to hold up pretty well:
USDX:
S&P500: I do have a penchant for triangles technical patterns and the S&P500 index has not escaped here either. I'll be using these trend lines to guide me about the next possible directional move, up or down:
Gold: is trying to hold on to the daily support trend line but any further USD strength might make this a challenge:
U/J:is struggling at the 4hr and has the monthly 200 EMA not too far above that either. This is still trading within a triangle on the daily chart:
E/U: is back at the key 61.8% fib level:
E/J: still triangle bound on the daily chart:
Cable: the daily support trend line is under pressure but the wedge trend lines have not been broken yet:
Aussie: still ranging between the 0.89 and 0.905 levels:
Kiwi: I thought we might have got more of a pull back here:
EUR/AUD: also triangle bound on the daily:
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