Today’s Potential New Breakout Signals
Today we highlight six potential breakouts today that could prove valid on today’s close of trading (breakout signals only registered on successful closes beyond the breakout level). USDZAR is the most advance of these as it has already broken well clear of the actual break level as of this writing and is testing below the 200-day moving average as we discuss in the chart below.
Table: Six potential breakouts today and methods for trading
Most of the focus is on potential USD breaks lower outside of G10, but NOK and CAD are showing up in the weak currency column as crude oil prices are not participating in surging commodity prices elsewhere.