EUR has fallen against GBP since August and looks to be oversold on the monthly.
it is sitting above near the 50 month MA support 0.8540.
Given the optimism on Brexit is more or less done and with elections looming in December for UK, it is probably time to take cover and go long EUR and short Sterling.
Now October is on us and with SPX still at a lofty level near 3000, we could be in for some under performance in a month that is notorious for market selling.
I am not surprised if SPX drops to 2840 from here
EURUSD is enjoying life from both EURGBP and trade war.
But one cannot deny EURO is slowing down drastically too.
so my guess is still short EURUSD towards 1.1020 and upside resistance 1.1225 is my upside watch if my view is wrong.
Gold July monthly doji candle suggest exhaustion or some consolidation in the process after rallying for a while.
use the pullback towards 1360-1388 to accumulate. Gold has broken out of monthly downtrend and should be on track to hit USD 1,500.00
Follow the well defined channel.
also, the break above 0.70 this week is proving to be a shooting star (bearish)
Trade war agreement will take time and therefore AUD will suffer along with risk.
Sell now to retest 0.6860...
Weekly MACD and STO RSI are showing negative divergences as we see SPX making new highs.
so don't chase tops here.
instead look for pullbacks into 2964 (previous high) now turned support for eventual target of 3108