A.M. Look 8/16/16

The Dollar is the story this A.M.
USD/MXN is trading right at its 200 DMA @ 1794 and is short term overbought.
Euro is trading at Matrix resistance.
Yen & Aussie are getting close.
GBP/USD trapped new shorts with GBP/JPY following through.

Caution leaning on the cross since its getting short-term oversold.

     FX       S1 Qtrly Pivot     R1
Euro 108.25 111 112.85
GBP/USD 145.4 148.2
AUD/USD 71.3 72.6 74 76.78 77.7 82.1
NZD/USD 63.1 67 70.6 73.9
USD/CAD 133.85 128.5 123.15
CA6 74.75 77.82 81.2
USD/JPY 107.21 106.38 103 99 94.88
JY6 93.35 9400 97.07 101.25 105.39
DXE 88.07 92.9 96.5 100.2

 

​DAX is trading on matrix support @ 10,650​. It weakens by closing below.

Nikkei rolled through it’s support level last night.

U.S. Indices are still trading higher on the week.
It remains a name game in the U.S.

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