Six of the nine markets I follow are setting up for trending price moves for this coming week. Gold, the euro and the Japanese yen are the most favorable for wide-ranging moves. The British pound, Aussie dollar and soybeans are also flashing trending pivots on the upcoming week.
Most markets I track for each coming week are in entering rangebound statistical conditions, with the exception of the Japanese yen, Australian dollar and corn futures. The yen, Aussie and corn have trending math elements that favor few turns and wide-reaching directional distances in price, with the Aussie making a monthly chart 50-simple moving average breakout, thus far. I’m bullish on all three. I was right that the Aussie’s subtle setup last week could make a surprise move, which it did, although the other symbol with the same conditions made a milder move.