I am banking on XAUUSD to follow a price pattern that USDSGD printed earlier this year. If the same happens, we have a long setup.
Straightforward EURUSD short would be easier to manage and more exciting. Should there be reversal, the wedge is an early indication.
XLE – DXY demonstates negative correlation i.e. that major episodes of XLE strengthening happens when DXY is falling and vice versa.
4 daily charts of EURUSD, EURCHF, XAUUSD and DJ30 looking for trigger.
2 charts of SGX (S68.si) and Ascendas Reit (A17U.si) with bearish implications.
USD bulls are in charge at moment but common feature of these forex pairs is how easily they could switch to reversal. Charts of EURUSD, GBPUSD, USDSGD, USDCNH.
Eyes on GBPUSD, GBPJPY with BOE monetary policy, bank rate tomorrow at 7pm. Observations: both pairs are down trend, parked at resistance. 3 charts.