The 2015 uptrend is broken. Could see a reaction if EURUSD trades back up toward 1.1067 which is trendline support now turned resistance.
Look to sell there perhaps for retest of 1.0925 on downside
Apple looks like dropping below USD 110 support but any fall towards USD 90 would be a good chance to buy this good stock at cheaper levels.
So watch it carefully.
can look to short at 1.14 which is the 50% fibonacci retracement from recent 1.15 peak to low near 1.13. Ahead of ECB meeting, could see some jittery shorts here.
USDJPY has been rising due to risk on but with equity markets looking toppish, JPY could reverse course.
Could look to sell here and target 119 and below.
If USD strength continues, Gold could see a retest of 1160-1176 on downside.
1160 is green trendline which is ex resistance now turned support. 1176 is current 200 day MA.
Could look to sell around 2040-2050 as the markets look overbought and could sell down ahead of the debt ceiling discussion.
Target could be 1920-1960 from here.
ST stochastics looks overbought. continued failure warrants a sell and also a downtrend line from late Aug high is in play now. So could sell failure here today.
longer term USDSGD ought to rise as MAS opted for weaker currency and eventually US may hike rates. the pullback from 1.43 is good and should hold above 1.3670-1.3700 area which has triple support as highlighted in the chart.
Yesterday close near the high, indicating bulls still in control in the ST. likely to crack 1.15 and 1.17 range next to upside. risk is ECB tonight talking down EUR strength.
