Seems like the Asia High of 23. July acts as a support. If the price shows strong reaction at this level I will go long. After London Open on Monday I´ll look for reentrys.
GBPUSD showed a shift in market structure. After reaching a new high it grabbed liquidity at the High of 21. July. Now it seems like its forming a triangle. The Price-Movement after Asia Session on Monday will show, if we can enter long Trades at this level or if it will drop to the 23. Jul Low.
After the Us dollar regained some strength last week and the EUR/USD made a structural break of the uptrend, it is now testing the former support from below. The reaction at this zone indicates to me a continuation of the downtrend.
EURCHF looks very nice for a long trade. Reaction at the trendline and reaction at the 61.8 fibonacci retracement . In addition, there is a clearly visible bullish RSI divergence .
The important support in the EUR/USD has held and the bears could not gain the upper hand. I therefore expect a continuation of the upward trend.
EUR/JPY has reached a relevant key level and also the price target of the ABC pattern. Now after a consolidation, the bears seem to be slowly gaining the upper hand.
Reentry after rejection at trendline possible.
Former resistance becomes support. I expect a trend continuation.
AUDUSD in uptrend reacts at support. Price target is determined with fib extension.
USDCHF reacted at an important key level and could save itself above the 61.8 fibonacci retracement. But now the bears seem to be gaining the upper hand again. I would therefore only take long positions above the 61.8 retracement after the breakout from the downward channel and a strong reaction at this level. With a lot of imagination, a bullish rsi...
NZDJPY formed a bullish RSI Divergence. In addition it reacts to the fib and trendline.
AUDUSD reacted at the support level and the fib.
XAUUSD formed a bullish RSI Divergence.
NZDUSD long Trendline Rejection + 38.2 FIB + Oversold
Rejection at support level + bullish RSI divergence.
Gold has reacted at the key level near the fibo. The bulls seem to be gaining the ascendancy.
After breaking the resistance GBPAUD formed a 3 white soldiers pattern. I expect trend continuation.
EUR/USD has reacted very nicely at a key level. The bulls have taken control.