The US equity markets have shot up to all time highs. To us it makes no difference whether it goes to 2000 or 5000 or 1000. Either ways we will be ready as prices confirm a bullish or a bearish break. Currently there is no pattern. However that will change if price dip below 1680 which will trigger a triple bottom breakdown with targets at 1620 levels.
Gold is also confirming a major coil at 1320. We favor the upside though there is no definite confirmation yet. However a break of 1340 will be your signal for a bullish move. Targets will be updated as and when the break happens. Be present in the Live trade room as Gold charts are closely likely to US dollar index.
The Canadian Dollar is also coiling at 96 having lost the desire for a move to 91.
The Euro index is the major breakout target. On friday it posted a fresh double top breakout with next target at 137 which is over 400 pips away. However as you would have noticed, in between lies the 1.3440 which is a monthly confluence of moving averages and hence heavy resistance expected which could through the index back to 1.32 before a go for 137 levels.
The Australian dollar has posted a low pole reversal and hence has put all the bears on notice.
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