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XAUUSD broke the mid term bullish trendline and now looks like its ready to move lower, continuing a bearish pennant formation. The Commitment of Traders report shows an extreme high (> 90%) for the last 2 weeks and is on a down slope. Additionally last 6-12 months US fundamentals are strong and could add to the downside. But remember, its just probabilities, ...

Continuing on last weeks idea, it still is valid for a lower move for EURUSD. The EURUSD now broke the trendline and looks like its ready to go lower.

The long down move of the USDCAD stopped at the 50% fib level of the last bullish up move. If it holds the probability of retesting the old high is pretty good. If the fib level does not hold, we could see a move down to the 61% fib or more.

EURJPY reverted its downside break of the 20 SMA last week with a retest of the broken intermediary bullish trendline, but failed to move back up the trendline. The current momentum looks like a further down move is to be expected.

Cable broke the long standing bearish trendlone (last retest in June 2016!) and now looks like a bullish move is imminent. If the recent move was jsut a fakeout, a vicious move lower is to be expected, as it will kill lots of bulls stop losses.

EURUSD is in agreement with the current XAUUSD situation, as its now in a situation where it encounters resistance ahead and may retest the bullish trendline and if it breaks it looks like a downside for the rest of the month of September.

XAUUSD failed to move beyond multi-month resistance at looks like its not retracing / moving to the downside.

EURGBP continued its downside move after an Evening Star and a cross below 20 SMA. Lets see what happens...

The aussie hit resistance and now looks like its going down again, probably back to the old uptrending trendline.

XAUUSD looks like its about to retrace some of its previous steep move up. A triple bearish divergence has build up and the current trendline is far lower. Expect at least a retest of the rising trendline before a further move. If the trendline holds, this would support a larger move up, probably up to 1360. If the trendline breaks, we will probably retrace till ...

EURUSD tested the old down moving window and FAILED. Possibility of lower move definitly high. Great Reward/Risk scenario when aiming for at least 50% fib retracement.

GBPNZD retested the trendline broken on the 07.09.2016. The RSI supports the movement, as it made a new low and failed to move higher, same as the price movement. Look for further downward movement!

GBPCHF retraced its last down movement and failed at resistance. Look for a continuation of the downward movement.

The EURUSD tested and failed breaking the upper channel line and is now moving towards the lower channel line. Look for a bounce off and move back up to the upper channel line....

The EURTRY failed to make a new high on the price chart, but surely hit a new high on the RSI. Looks like we will retest the trendline again before continuing the upward movement.

The EURNZD finally broke the downtrend line and is now on its move upwards, supported by new momentum on the RSI. Look for a retest before entering!

The EURJPY failed to push through a resistance zone at 116,00 and so failed to make a new high. RSI is in agreement with price movement. Therefore it looks more probable that we will move down more, maybe even break the lower trendline.

The last push up failed to make a new high and now looks like it will move lower again. The price movement is in conjunction with the RSI movement and we just rejected the upper Bollinger Bands. Looks like we will move down next week...