USD - not surprisingly, we are seeing more selling beginning to build. Yesterday's push was massive, but it's not over. Expect more selling today, followed by a correction.
AUD - as we predicted, the AUD made a strong move and after a quick short term consolidation, the AUD is forming a second push. Expect more AUD strength today, into tomorrow.
GBP - the short term shows a very strong move. The long term shows a pretty clean upward channel. If this channel holds, the short term correction will soon give way to another rally. Expect continued strength all day from the GBP with short corrections as it grinds higher.
NZD - very similar to the AUD move, but inverted. This is the beginning of the NZD sell-off. I wouldn't try to fade this pair today. Expect a strong sell-off all day.
Still waiting on the other currencies to break outside the 60-40 box.
This is not investment advice, just my opinion(s). Please trade accordingly.
Trade safe and keep an eye on news.
Also TRY looks like it made a massive move. i dont normally trade any TRY pairs but looks to be performing well in terms of movement. Have you ever given any thought on tracking it?
BTW i have been trying to use the new indicator you posted still a bit fuzzy on how to use it? I assumed it was similar to a MACD/RSI is that correct? I would like to contribute by reporting any thing useful but other than what you yourself have pointed out i have found nothing new, other than using it short term to determine the likely long term turn point. Which is how i use MACD/ divergence
We've considered the TRY, but we would have to add more servers to track another currency. So far we haven't had enough interest to justify the expense. As with most things...
To which indicator are you referring?