- Seasonal weakness set in from the start of the week as price broke the previous daily low and fell back in the weekly channel.
- Continue to look for intraday sell set ups this week.
- Daily traders wait for Phase 2 which is more likely to happen after another push by sellers this week.
- Kiwi also now in seasonal weakness mode.
- Look for intraday sell set ups this week.
- Daily traders will need to be more patient for that first lower high formation.
- After failing to push past the Daily 50 EMA, price has broken the daily trend line.
- Look for intraday sell setups this week.
- After reaching the Monthly Pivot, sellers started to grow in numbers, pushing price below the Daily trendline.
- Look for a continuation to the downside this week.
- We are looking for selling opportunities across AUDUSD, AUDJPY, AUDCAD, NZDUSD, NZDJPY, NZDCAD, AUDCHF & NZDCHF
- We will take long positions on EURAUD and EURNZD