Daily

The daily chart of the continuous DX US Dollar future shows that price reached the 50% retracement level of the recent swing higher.

The daily AUD/USD chart shows that price is getting close to the upper border of this large red pitchfork.

My short position on the spot Brent was stopped out for -71 pips (at the high tick of the day), after being in profit more then 200 pips around the close yesterday.

On my main trading account I wouldn't have let a profit turn into a loss, but with this small portfolio I am aiming for the home run and am thus willing to give the trades lot's of space.

FYI: I'm already getting ready to try it again .

Earlier today I sold a spot brent oil CFD for my new swing trading portfolio, when price reached the upper line of this large triangle.

Note that I moved my stop to break-even quite quickly as the oil numbers that are to be released later today might cause a spike above the triangle.

The daily AUD/CAD chart shows that price reached the top of a large wedge and the orange resistance.

The daily GBP/USD chart shows that price is on it's way towards the highest down-sloping red trend line, where we should see a nice bounce - especially as this is not far above the 38.2% retracement level of the entire fall (not shown) which comes in at 1.53.

The daily chart of the US Dollar Index shows that price is testing the red uptrend line, which should give us some renewed dollar strength ...

The daily EUR/USD chart shows that price bounced of the top of this yellow flag. This means that yesterdays 1.266 could have marked an intermediate top, but I'm hoping for a visit of the more important blue trend line first ...

The daily chart of the continuous Gold future shows that the swing short I took a bit more than a week ago is doing well, and that price is fast approaching the lower line of this large green channel

In my previous update I said that "any spike on Monday should provide a nice entry for a new swing short.". Well, price spiked about half a dollar to provide a nice entry, and then dropped 10% in a few days. I hope some of you got in, either directly on Monday or later when the wedge was backtested.