Here are the daily cycles as of Friday.
XAUUSD
It looks like we are currently in day 5 of a down cycle. As I stated on Friday, the chart patterns in gold make me very nervous.
EURJPY
With the gap down in the EURUSD from the French and Greek elections over the weekend, and a risk aversion rise in the Yen, this pair has a gap lower opening and is currently in day 8 of a down cycle.
AUDUSD
AUD is currently in day 6 of a down cycle.
Have a good day everyone.
-vegas
XAUUSD
It looks like we are currently in day 5 of a down cycle. As I stated on Friday, the chart patterns in gold make me very nervous.
EURJPY
AUDUSD
Have a good day everyone.
-vegas
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