Current Positions:
Flat
Typical Time Frame: 1-day to 1-week
Nothing doing on my end, but a few noteworthy developments have taken place that warrant review in the Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) components.
AUDUSD
Daily: (8-EMA > 21-EMA) > 200-DMA = BULLSH
4H: 8-EMA > 21-EMA = BULLISH
1H: 8-EMA > 21-EMA = BULLISH
Position: Flat, waiting on 1H for buy-signal
EURUSD
Daily: (8-EMA < 21-EMA) < 200-DMA (21-EMA > 200-DMA, however) = SOFT BEARISH
4H: 8-EMA > 21-EMA = BULLISH
1H: 8-EMA < 21-EMA = BEARISH
Position: Flat - full time frame continuity not achieved
GBPUSD
Daily: (8-EMA = 21-EMA) < 200-DMA = NEUTRAL (bearish cross imminent)
4H: 8-EMA < 21-EMA = BEARISH
1H: 8-EMA < 21-EMA = BEARISH
Position: Flat, waiting on 1H for a sell-signal once Daily aligns
USDJPY
Daily: (8-EMA < 21-EMA) > 200-DMA = NEUTRAL
4H: 8-EMA < 21-EMA = BEARISH
1H: 8-EMA > 21-EMA = BULLISH
Position: Flat - full time frame continuity not achieved
As always, any other trade ideas and general macroeconomic musings can be found in the DailyFX Real Time News feed, or by following me on Stocktwits/Twitter @CVecchioFX.
I also host a weekly Live Trading Q&A in DailyFX Plus, on Tuesdays at 07:15 EST / 12:15 GMT, in which I delve deeper into my positions and thought processes behind my analyses.
--- Written by Christopher Vecchio, Currency Analyst
To contact Christopher Vecchio, e-mail cvecchio@dailyfx.com
Follow him on Twitter at @CVecchioFX
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