There is Bullish Bat on XAUUSD , I would carefully monitor this, and I would be very careful not to short at the moment...
SPX is under pressure, once it breaks key support level, which is very near, its a free fall after.... Watch out from Stock Markets Folks....
BTC has no signs whatsoever, for any reversal yet, its in a consistent and sustained mode of weakness, which will resume to the break of key support level, and most likely will accelerate downward...
Gold is setting up for an uptrend in a mid term... area to watch is 1,260 which is the potential area to buy for a longer term swing trade..
Strategically speaking, DXY is setting up for a big corrective action downward, and its just a matter of time.... According to Bearish Butterfly on daily inside trend channel...
Rather wait for further PA to determine entry position
GBPUSD is a great investment over the longer term
Based on a structural pull back, there is 50 pips opportunity on shorting USDJPY with tight stop loss
EURCHF is a great swing short sell to be held for some time targeting over 200 pips
There is a quick opportunity to short scalp EURJPY @ 130.175 as it has formed and completed a bearish wedge on 1H
Excellent short set up on USDJPY, entry point is around 110.70 and take profit is about 50 pips, with a tight SL @ 110.85
GBPUSD overall trend is within our initial Trend Lines, and its expected to resume upward trend over longer term period... I will post shorter term trade set up later for short term swing trading techniques.
Dow has completed a Bearish Buttefly Pattern, and possibly going to make a land fall by tomorrow . I would monitor news headline for a possible reversible signs....
Gold has clearly broken the downtrend channel, and bottomed out... Now, its preparing to climb higher
BTCUSD seems like ready to explode up, but there is something missing, cannot say for sure what will happen next.
DXY is completing monthly Head & Shoulders, and in terms of Asset Allocation strategy for long term, we recommend to build asset classes away from USD and diversify more into other hard currencies such as EUR, GBP, JPY, and AUD in order to diversify the risk of major devaluation of USD according to the technical structure.
Gold has been in the upper band of the downward trending channel for a while, trying to test the demand, and sustaining the price within a narrow range. It is not clear yet, which direction it will go, as we recommend to wait for an aggressive price action to determine the entry of institutional players to asses the next direction. So, try to avoid trading gold,...
EURUSD is bottoming out, there are further shakeouts in upcoming weeks, ultimately it should start climbing upward. Similarly DXY is topping out, as it did not progress any further despite the positive NFP news.