EURAUD: Is still heading up from our last buy, albeit slowly. Since the AUDUSD looks to be gaining some strength, this EURAUD cross rally may be in a corrective bounce. Lock in 70% profits and look for new updates. See Euro-Aussie daily chart below.
EURCAD: This market, like the USDCAD took off, but may be pausing here or a bit higher, for a potential pullback to between 1.2845 to 1.2785.
ACTION: Short-term traders MAY have a short opportunity here or after one more European session thrust. Else wait for a potential pullback into the areas mentioned above, for a potential buy setup. See 60-minute Euro-Cad chart below.
EURJPY: The buy breakout on the 4 hour chart from 10/12 has screamed upward in 5 waves. We hit resistance today, as seen from the daily upper band (in purple).
ACTION: Short-term traders: consider pealing off a bit here, perhaps 1/2, with stops at 102.51.
Long-term traders may want to hold for potential targets of 106.66 and 114.55 based on weekly charts.
BUY Pullbacks until 60 and/or 240 minute trends turn lower. See weekly and daily EURJPY charts below.
EURUSD: The Euro is still long but it too has had 5 waves up, so we will expect some consolidation or retracement over the next session or two. Stops are at breakeven. See weekly, daily, and 240-minute charts for the Euro below.
USDCAD: Rallied nicely off our buy signal. Stops are at break even point. Short-term traders should lock in 50% profits. See daily chart below.
ND: NASDAQ bottomed right on the Andres pitchfork lower support line and rallied exactly to our manually drawn forecast line, as suggested. From here or we will either see a rally into 10/25-29 or a selloff into 11/07. Today's action may let us know.
Should 1.2729 be broken on the downside, we would likely look to short it there. See NASDAQ daily chart below.
OIL: Is currently short from 90.91 on a pattern breakout lower, but could stop and reverse to long at 92.82 should it break to the upside. See daily crude oil chart below.
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