Giuseppe Basile, CSTA/IFTA
FibStalker Trading
Summary:
We started reviewing AUD/USD and AUD/JPY strong markets. The former has reached the second target accelerating visibly last week. We believe that after a retrace into 0.7370, this market will continue higher, potentially into 0.7520.
AUD/JPY has stopped before reaching its second target and could also complete a correction before continuing higher into its 85.40 target mentioned last week.
We also reviewed previous week's project, for the sake of accountability, and found that S&P500 reversed just after testing that 2,003 area mentioned inf the last few sessions as a testimony of strong Algos profit taking. That market can now continue higher, but will need to test the 1975 area.
Finally we also checked the projection on NZD/USD very close to the second target indicated in the last 2 weeks.
See you tomorrow. New time of the room is 7.00PM EST.
~FibStalker
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