Chart of the Day – GOLD XAUUSD – (August 14th 2019)
Gold ran into key resistance yesterday as we hit the 1535 level (as we have been expecting). This level is significant as it is the 2011/2012 lows.
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Author Archive for: bmorrow
Entries by Blake Morrow
Chart of the Day – GBPCAD – (August 12th 2019)
The GBPCAD came within striking distance of the 161% Fibonacci extension of the summer 2018 lows to 2019 highs.
Chart of the Day – GBPNZD – (August 8th 2019)
A few days ago the GBPNZD came out of the downtrend, and we have successfully retested the channel breakout point at the 1.8700 level.
Chart of the Day – EURNZD – (August 6th 2019)
The EURNZD has squeezed higher as a result of risk aversion the last few sessions, but we have stalled at a downtrend line and the 88.6% Fibonacci extension ahead of the RBNZ rate decision today.
Chart of the Day – USDJPY – (August 5th 2019)
The USDJPY pushed stops below the 106.00 level but managed to close the session back above the 106.00 key support.