Happy Thanksgiving to everyone where ever you may be living. It’s wonderful thing to feel grateful for all the blessings that fall upon us in this world.
We have our weekend charts.
AUDUSD D1 Chart
The Aussie has been showing continued weakness over the last week and a half. It’s not looking like too much is changing for it. The follow up candle to the pin bar was weak with a lower high and a lower low. I look for it to go lower.
EURUSD D1 Chart
The Euro is finding some resistance at 1.3600 round number and 61.8% fib retrace level. It’s been running pretty strong as of late and even though it shows a bearish candle, it had higher highs and higher lows. Possibility of a pullback is there, but look for an entry long at the pullback.
GBPJPY D1 Chart
What can anyone say about Geppy? It’s strong as a bull as long as it’s the darling of the carry trade once again. This has shades of 2005-2006. I don’t see anything that will stop except some small pullbacks for profit taking or adding to a position or intervention.
GBPUSD D1 Chart
GOLD D1 Chart
Gold bugs have been having it tough as of late. We have a pullback in play now, but the pin bar for further short action hasn’t quite failed yet. We’ll see if this is a small short squeeze in the next few days or if it’s a chance to load up on some Gold shorts.
USDCHF D1 Chart