as we head into non farm payrolls on friday..straight after 4th july holiday looking at the dollar to see if any strengths or weakness happens aussie dollar 2 hour data why the aussie dollar....only one that shows a decent trend...eur and cable are too nervous we watch this latest uptrend and the trendline areas for possible supp.note the black lines.that is where this trend could fail.breaks to new highs and we will follow this trend
LoL... I thought that was a chart of the ES... Pattern looks exactly the same. Most of these currencies are so correlated or inversely correlated with the equities markets there really isn't any point in trading FX... Cross correlation in global markets is so strong nowadays that when you chart one thing... It's the same signals half of everything else too!
eurusd 30 mindata shows the latest downtrend the purple line needs to get taken out for markets to want to rally 7 pip box sze by 1 reversal hilo plot