The Independence Day lull seems to have set in and may very well persist throughout the week. Crude oil is of interest as it nears potential resistance from a recent pivot and parallel channel.

Think back to early June. Bulls capitulated after the awful NFP release on June 1 and the USD hasn't traded higher since! The current situation is the exact opposite.

The EURUSD (and USDCHF as the inverse) are still the cleanest short term patterns while the AUDUSD and NZDUSD continue to press against well-defined technical levels. Continue to follow the 1995/96 USD analog.

THE MARKET(S) a.k.a. RISK SNAPSHOT - 60 Minute Closes


Prepared by Jamie Saettele, CMT

EURUSD - 60 Minute Bars


Prepared by Jamie Saettele, CMT

Crude Oil - Daily Bars


Prepared by Jamie Saettele, CMT

NZDUSD - Daily Bars


Prepared by Jamie Saettele, CMT

AUDUSD - Daily Bars


Prepared by Jamie Saettele, CMT

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Jamie is the author of Sentiment in the Forex Market.