Good day Steemers & traders, i hope everyone is enjoying their Sunday. I have had a busy weekend so far, so the rest of this weekend will be a lazy one for me - Will enjoy some good asian food along with 007 & Goldfinger.
So lets review quickly what has happened recently.
- Jackson Hole Symposium is behind us - Draghi Yellen offered really no new remarks. After Yellen's speech was history, traders piled to USD shorts again. Draghi - QE has worked very well, bla-bla-bla. No talking down the EUR from him, so lets wait and see.
- Hurrican Harvey still creating destruction :(
- North-Korea launching missiles again, only difference is, this time no-one really seems to care any more.
Ok, what's up for next week? The week starts quiet and picks up on Wednesday with ADP and tops on Friday with NFP, so end of the week is rock'n'roll time.
Let's view some bigger timeframe charts to get an overall sense of things, shall we?
EURUSD weekly, this is where we are, around key levels.
EURUSD daily - the bullflag is playing out nicely but i will refrain from putting a clear target, but we might easily run more stops to the upside, before a bigger correction
EURGBP weekly. Looking to build a swing short here again, last shorts we're closed for a loss before the weekend and i am so happy i did that, as you can see the Friday rally.
EURGBP daily. A spectacular run. This is still bullish but the risk-reward doesn't favour longs here.
USDJPY daily. Caution is warranted if we cannot get a lift off from this area.
USDCAD relief rally denied at the 23% fib already! Not looking very peachy but not looking to get overly bearish either.
DAX weekly chart. The bigger TF levels are clear.
STEEMBTC is fighting a hard battle here but it has my support ;) So many levels to get over...
BTCUSD caution is warranted, we haven't closed above recent top yet and divergence is forming. We might still rally, but the divergence is quite clear, for now.
Alright everyone, these are the charts that are on my mind right now. Let's see how the next week shapes the battleground. Trading involves many hard decisions and it's supposed to be hard or everyone would be doing it
So, enjoy the rest of your weekends and talk to you next week!
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