On the STAM matrix CHF gains two points, and USD loses two points. Only 5 of the pairs are currently in S1 or S2 environments – this is the lowest number of potential setups that I have seen to date. Conversely it will mean that many pairs are potential S3 trades. None of the 5 pairs show a valid setup.
Not a huge change – Wall Street rallied towards the end of the day on early release of Yellen speech, and Nikkei rallied well overnight. Nikkei has now entered “bull market” territory. Gold showing a bit more volatility lately, bouncing off $20 from a low of $1,260.
Completed S3 analysis for FX and equity markets and gold. No valid setups. Check AUDNZD again on the close of the 11am candle, as this could turn into a long setup.
Overall, it’s a very quiet week on the STAM front!