XAGUSD continues to go sideways and on the extreme (based on higher time frame analysis), can either go up near 20 or down near 16. www.dailyfx.com 1W: 1D:
AUDUSD might break at the higher time frame resistance, but has limited potential to continue going up and breakout at 0.7725 unless the result of US elections or hawkish RBA pushes it up. Risky to sell right away as well without any further confirmation. Waiting for candlestick confirmation past 0.76411, as well as fundamentals and ADX confirmations before going...
Still on waiting mode for EURUSD until the US Elections and candlestick confirmation below or above the R3 pivot @1.11722. If current situation persists, pair has room to go up in the short-run, but depending on the outcome of the US elections and Fed's talk about December rate hike, it's more likely that this pair might bounce down, if not near R3, somewhere...
Changed my idea for this pair now. Can still be bought in the short-run, but it's best to wait for confirmation @0.91483 because it's due for correction based on higher timeframe chart analysis. 1W: 1D:
Wait for possible bounce at R3 pivot pt. after the USD FOMC Interest Rate decision at 2:00 (UTC+8) tomorrow. To setup a short stop after bearish confirmation candle in line with the bullish sentiment on USD (www.dailyfx.com).
Same with AUDUSD, NZDUSD might drop also soon despite better than expected employment figures and milk prices. Waiting for price to drop near .71211 at least before going long. www.fxstreet.com
Despite the RBA leaving its economic policy unchanged, I still have a gut feel that this pair might drop soon (and as any feelings, they're just feelings, so it's highly likely that I might be wrong and I'm just relying on technical analysis too much + my current bias on USD strength). Waiting for confirmation candles to drop at 0.755 or rise to 0.76833 before...
Stalking a good buy price again for this pair, possibly a bounce somewhere near 0.8968 with wider SL (close to the trendline), or a breakout at 0.91020 (R2), while keeping close watch on its ATR for another round of volatility esp it's near the weekly range resistance already. (www.euroexchangeratenews.co.uk)