Right now S&P is at a weekly demand area which is tested. It might hold or break since it is a prior tested area. If it gets broken price will go down to the two daily demand zones and starts going up from there.
CD leg is in completion in this Bearish Bat Setup. Expect Reversal in completion zone. Expect the reversal to accelerate when X to B time equals to B to reversal point time.
When EUR and JPY is considered EUR is considerably weak and JPY considerably strong which results a down trend. It is expected for the price to bounce from 38.2% Fib level, Break daily resistance of 117.622, test the broken resistance and go short.
Currently JPY is very strong and AUD is very weak. Therefore a strong up trend is formed. Monthly Resistance Level of 0.011873 was broken. With a bit of retesting that level, this pair shall go long till the downward trend line.
Currently XAU is the Strongest and AUD is the weakest. Therefore XAU AUD pair should show a strong up trend. This pair will go long and break 1669.173 and retest the level and go long till the daily resistance of 1701.612.
