- GBP: Looks consolidated in current area. Risk either side
- EUR: Managed to pull away from the low during yesterday trading. Keep a close eye on the current area
- JPY: Risk appetite looks to be rather weak at the moment still
- GOLD: USD weakness after the data yesterday caused a bullish spike on GOLD. Interesting to see if GOLD stays in this downtrend.
As we've seen DXY has pulled away from a top area as we get ready for FOMC later in the US session today.
¬ Some key points to keep an eye on are the main levels that are marked on the chart.
¬ Also keeping an eye on any US data/news/reports that get released through the session.
¬ Going to be keeping an eye on how USD pairs are acting around the Europe and US...
Things are showing some dollar selling today. Could be Friday profit taking on the dollar?
¬ I've been looking at this level for the past couple of hours. It's tried to break above it but failed a coupSle of times. Certainly going to be keeping an eye on the flows around here during London and the USA session.
So we've just had a crazy open on the CHF so I've used a custom symbol to see how the CHF looks like as a whole. As we can see via the chart CHF is still in a uptrend so how this trends acts around here will show the state of how the CHF could be over the next week to month's.
Currently, on the monthly of gold, we can see it's playing with the FIB dip method. Key level to keep an eye on is the monthly level (where the arrows are). To me this month of GOLD trading could be either very volatile or rather dull. Time will let us know.
Currently sitting on one's hands while I wait for gold to decide what it's doing in this area. Personally, a break above the top zone to see it be used as support for the next week of trading would be a nice vision of possibilities.
Just a simple GBP/USD long idea. This trade is based off the Double bottom idea and also we're at a nice long area + the current month low was created yesterday. Till will be a tester for this trade to play out.