€$ & USDX + Gold....Outlook

I am delighted that the DX has held on the khaki brown RL on the E-Signal chart i have been posting about for some time. This outcome was highly probable as we already had significant tired and tested support at 79.00 to 79.20 plus price was channeled into a 'V' formation between one descending(blood red) and one ascending( khaki brown) RL. This means the USD is still 'in the game' viz a viz its continued ascent and the euro technically looks weak even after its strong performance last week. I have isolated a high TF RL ( in the two smaller MT charts where price has continually failed to reach the CL) that may have played a part in putting the brakes on the Euro in addition to the strong almost horizontal RL's that prevented price breaking higher on Thursday and Friday last week. We should now see continued weakness in the Euro and a rallyin the DX to the CL ( in the E-Signal charts). As i have mentioned before, reaction lines are a very significant tool to use but to trade successfully you must have a good defined directional trend. I hope today we will see further $ gains and will post any trade setup.





























Gold looks particularly bearish and has been forced lower by the RL we saw in early Jan
A break /test of the 1350.00 looks highly likely. The recent gold/yellow fork( in MT charts) also had a CL failure.