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AUDUSD

AUD may turn bearish against the buck, but a recent pattern suggests another wave up to a new high, before the bears may step in. Notice that we are tracking an ending diagonal very closely; it’s a powerful reversal pattern with slow and overlapping price waves that causes a strong turning point once the pattern is finished. In our case, it means that bears could be very aggressive after the black wave 5 completes an ending diagonal near 0.7880.

AUDUSD, 4H

audusd 1 (2)

SILVER

Silver is slow but still in wave B, which is now looking more complex than in the first place. It can be a triangle here that still projects lower prices for this week. We are talking about wave C that can send price deeper into wave 4), probably down to around 16.00-16.40 area, while the high from last week is in place.

Silver, 1H

silver 1..