Friday's calendar is not very busy but we do have one piece of data which will be important for all traders on the market: the US GDP report. With this one on the calendar, you need to be extra careful if you're planning to open any USD positions. But if you like a bit of excitement in your trading, we have three good setups with the USD, where trading signals are already present or will show up very soon.
First instrument is the USDJPY pair, where the price is trying to bounce from the combination of the mid-term upper trend line and the long-term upper trend line of the triangle pattern. All recent candlesticks have long tails and the price is attempting to create an inverse head and shoulders pattern, which could very well lead to a bullish setup. The breakout of the green resistance will be a buy signal.
Silver already has the sell signal. The price bounced from the horizontal resistance and broke the lower line of the flag. After a small overnight correction, we have a further downswing.
The situation is similar with regard to gold. Instead of a flag, we have a wedge. The rest is the same: a small correction and a subsequent drop. The signal to open short positions is ON.