Good morning traders, TGIF!
Welcome to the last trading day of the week (doesn't apply to crypto traders). But i remind you, we all need rest and a life outside of markets.
Yesterday we saw some key levels tested/cracked on the indices, with the SPX attacking a trendline from december. While that TL can be drawn in many ways, todays close will be telling. USD & indices got hit because of many factors - Donald Trump's council disbanding, rumors of Cohn resigning (fleeing the sinking ship?) and the absolutely horrible terror attack in Barcelona. My thoughts are with the victims and their families.
Today on the data docket we have only Canadian CPI, but nevertheless, this will be an interesting trading session. It'll be interesting to see some Friday positioning.
So let's see some charts!
GOLD daily. We're here! With every subsequent test, this area gets more cracks
GOLD m15. The batman pattern provideth. Not of excellent form, but still ;)
WTI oil trying to get out of channel but faces a retest of a strong trendline
SPX daily. This is the trendline i was talking about earlier. Can be drawn in many ways, so let's just keep an eye on it. Nothing the get excited yet, as we were expecting to test this, but still, get your ammo ready, just in case.
USDJPY daily. Self-explanatory, feeling heavy
EURJPY daily. What i'm looking for.
EURJPY daily another view. The infamously unreliable H&S pattern. I would have liked to see the pattern tilted the other way though. Mind you, i'm not trading this currently.
BTCUSD. Huhuhu, i just had some chills going down my spine. I hope this is not a fake breakout.
STEEMBTC. Nothing spectacular to report. Holding at support. Watching, waiting, hunting.
That's it for now, talk to you later everyone! Trade safe and enjoy the upcoming weekend!
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