10.20.2021

EURAUD

EURNZD – suffered losses and broke a key support level.

EURNOK – Strong OIL and a HAWKISH NORGES BANK have contributed for this to break a BIG TREND

Markets seemed poised to continue on a TORRID pace. It seems we are headed for a BLOW OFF TOP in RISK ASSETS. It is very difficult to predict a TOP, it is best to let RISK rally and once it shows signs of topping out, formulate a plan to take advantage of a possible correction. For now, we do not stand in the way of the TREND.