The EURUSD has finally cracked the multi month range lows and seems to be breaking lower (finally!) to test the 127% extension of the last rally.
The AUDUSD has a bear flag setting up before some key economic events.
Gold has spent the last couple of weeks consolidating its gains in what looks like a bull flag.
The USDCHF rally has been very strong in the last several weeks from the beginning of the year, but the pair has ran into a wall of resistance at the multiyear trend line that spawns back from the end of 2016.
Consolidation patterns, like a triangle, can be very explosive patterns when it comes to the markets because the market is “winding up” for so long.
During the past few years there has been a good correlation between the Gold and CNH. The Chinese Yuan has been a good proxy for US Dollar relative performance and risk on / risk off flows. As the Dollar strengthens, USDCNH naturally rises and vice versa.
The USDSEK is not a currency pair that Forex Analytix commonly follows, but at times it is worth noting.
The USDCAD will apparently close the week below the 200DMA.