We are back from the longer weekend again and the markets are not moving much. EUR/USD is stuck in the sideways trend but luckily we have other instruments that can provide us some attractions.
Gold broke an important mid-term support and is heading lower to test the long-term trendline. Maybe this is not the best situation for buyers but the positive scenario is still alive (as long as we stay above the trendline). The closest resistance is 1262 USD/oz.
Today we will additionally focus on two exotic instruments. EUR/AUD is the first one and here on a daily chart we do have a nice bearish setup. The price met the horizontal resistance and created two shooting stars followed by bearish marubozu. That is definitely a negative environment even if today the price is climbing a little bit higher.
USD/PLN is only 200 pips away to make 3rd the same bearish wave. It can obviously be much longer but it would be nice to see a bullish price action there, because it would create a very strong technical buy signal.