Watch D-cross vicinity for a possible reaction if the price gets there (see the linked ideas).
EURAUD 30-minute RSI has broken 70 for the first time since the recent top, and traveled to 80+. In usual times, this would imply that a further update of the highs is likely. Currently, the RSI sits at the 50 level that served as support for wave (ii). Breaking this level down would imply that the upward momentum becomes weaker than it was at the beginning of...
EURAUD current price action appears to be suggesting that the bullish run from 10 to 19 March was an extended fifth wave. If so, the pair should seek to cover the uncovered gap in the 1.7000 vicinity.
Potential intraday EURGBP short trade with good risk-reward.
After the A-B-C correction, EURGBP produced five waves up, breaking the correction's trendline. Watching the confluence of the trendline and waves i-ii area for a possible reaction for another leg higher. Failure at 0.8995 negates this scenario.
Trendex and Braeker signals have issued bearish alerts for EURAUD after yesterday's drop. Taking a closer look, the pair may be in a flat correction. Watching potential wave (c) to develop with a view of shorting the pair if a setup presents itself in the short-term timeframes.
Watching 1.16 - pitchfork median triangle area if the price gets their in a corrective manner.
The USDJPY price action over the past few days has been of a corrective nature with clear overlaps between wave A and wave C-(a)-(b)-(c), and with wave C being rejected at the level of wave (iv) of 3. A continuation of the downtrend would require breaking down the correction channel, while its reversal should involve breaking out over 108.58 towards waves 1 and 2.
arcWatcher signal has suggested earlier that a local top might me in place.
EURGBP is at the 38.2 retracement of the August-December 2019 bearish run. A local trendline has been crossed with 5 waves down.
Potential breakdown along the trend as long as the upper border of the triangle holds.
The pair is at the mutli-year high.
A continuation scenario involves an upward breakout towards wave v where another correction may be due. Alternatively, risk-on/WTI developments may lead to a breakdown towards closing the GAP.