Almost nothing has changed on the markets since yesterday. It is hard to find good position opening opportunities. Yesterday gold gave nice signals (which we described), but before the end of the session it came back to the entry point.
AUD/NZD
Currency pair third time in one month tests a resistance. It is worth to observe price action – if any clear PA selling signal occurs, we will be able to consider short positioning. However, trend is upward so much better scenario would be breaking this level and test from the top. In that case, there would be a possibility to open longs, entering the before mentioned trend.
EUR/USD
There is no doubt that EUR/USD is still under bearish control. Last two sessions were supply-like and retraced totally the Friday’s increases. However long lower wicks indicates, that demand is activating which may lead to deeper correction. After that we should look for short positions near one of the resistance levels.
NZD/JPY
Ninja still wants to defend 50% retracement of big upward candle from Friday. We can see that this level works and it is worth to consider long positioning in its vicinity.
NZD/USD
Kiwi rejected purchasing signal from Wednesday (big doji candle), but it is still defending the support and minimum from June beginning was not achieved. Momentum here is clearly downward, but long-term trend is still pushing the price north. Thus, in the case of buy signal occurrence it is worth to take long positions into account.
