Expecting good data and hawkish stance could drive US Dollar higher
XAUUSD is still moving in the downtrend channel Expect to make a decline again this week
USDJPY to stay bullish this week BOJ's expectations to be dovish and the Fed is likely to remain hawkish this week
ECB rate no changes until 2019 September and Draghi's stand somewhat dovish last week Divergence on monetary likely to put pressure on the EURUSD Epectation will continue to decline
Pair under pressured after last week the EU had rejected BREXIT key plan Expect to have no change in the GBP rate this week and the Fed is also expected to remain hawkish
High probability price moving on downtrend channel
Moving on ascending channel expecting to rise as truce on trade-wars last week prompted AUD to remain bullish
MHV valid on 12h / 18h Opportunity BUY at Low BB
BUY on lower line pitchfork Target close on median line
RE-entry on 6H formed Extreme on Top BB Expecting area will become MHV in Top BB Opportunity to SELL on MA5 High / Top BB Target close price near Mid BB
Our analysis this week Dollar is expecting to continue make a decline. Last week could be seen price reversal at upper line and also did not break thru resistance for several consecutive weeks.
Target price drops below to lower line
Opportunity go long on XAUUSD this week If price break lower to median line, setup is not valid
High probability price continue to surpass the median level Our target this week price moving towards the upper line
Trade outside of the trend lines
Analysis for XAUUSD Q3 2018 Current price is around the lower line pitchfork Best opportunity to go long If the price make a reversal here and keep the momentum upwards Price expectations are able to reach the median line However bearish momentum is strong, confirmation price break lower line pitchfork
Analysis for USDJPY Q3 2018 Expecting price reversal around median line pitchfork If yes we could see price moving lower towards lower line However on US Index from our analysis is currently retest on median line Stronger dollar would push USDJPY towards upper line pitchfork
Analysis for EURUSD Q3 2018 We could see price has makes few retest and reversal around the median line Expecting the price is still under strong momentum upwards Price expectations are able to reach the upper line and move in the ascending channel