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
After a bullish signal on BTC the short downtrend was broken and build a base for an uptrend. At the moment we can see the BTC moving in a triangle so we can wait for a breakout next 2 days.
Rising wedges are bearish. This one breaks on the 8th. I'm expecting a down turn unless there is some absurd fundamental change coming in supply and demand
Despite the huge drop last week, SPY looks poised for a bounce, barring any Fed shenanigans. While there is considerable downside if the current white channel support doesn't hold, I expect a bounce up to fill the gap from Friday, and potentially up to the white downtrend channel median in the beginning of the upcoming week.