EURGBP continued its downside move after an Evening Star and a cross below 20 SMA. Lets see what happens...
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 50% fib.
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.
The aussie hit resistance and now looks like its going down again, probably back to the old uptrending trendline.
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...
The AUDCAD failed to make a new low on Friday and got rejected on the lower Bollinger Bands, which in this case are directly on a resistance zone. Looks like its more probable that we will move up again and retest that previous high.
The EURUSD failed to move higher last week, but the move gained some new momentum. As we failed to make lower lowers before, its more probable that this new momentum will drive us up again into the resistance.
After price failed to make a new momentum high and spiked through the outer bollinger bands but was rejected, it looks to be more probable like a bearish week for AUDUSD next week.
The EURCAD has some nice downward momentum and it looks like there is some movement left. Don't enter at once, better to wait for some retracement and then enter short.
On GBPNZD we had a small divergence on the RSI and price was rejected of the upper Bollinger bands with a long upside whick. Looks very probable that we will break the big trendline downwards soon.
The USDNZD looks like it finished its retacement to the broken trendline and is now ready to move higher. Momentum made no new low, which is in accordance to the price movement. Its definitly on my watchlist for the next week. Lets see where it opens tonight and then look for an entry.
The USDMXN moved lower last week, after faded momentum and a momentum divergence. Looks probable that it will continue its downward movement, as we made a new momentum low and downward price movement looks intact.