Chart of the Day -Gold- (April 15th 2019)
Gold has spent the last 2 months consolidating within a flat bottom triangle.
Click here to open Help
Author Archive for: Vulgi
Entries by Steve Voulgaridis
Chart of the Day -XAUUSD- (Feb 14th 2019)
Gold has spent the last couple of weeks consolidating its gains in what looks like a bull flag.
The dynamics of the USD, Gold and CNH
During the past few years there has been a good correlation between the Gold and CNH. The Chinese Yuan has been a good proxy for US Dollar relative performance and risk on / risk off flows. As the Dollar strengthens, USDCNH naturally rises and vice versa.
The USD showed the potential to breakdown against many majors
The USD (DXY) has been range bound for months, and mostly this is a product of many cross currents in the markets. Equity market volatility, weakness of fundamental data globally stating to seep in, the FOMC looking to be at the end of their hike cycle, China and US trade war brewing, and the list […]
Chart of the Day -WTI- (Jan. 2nd 2019)
After a huge move that pushed it from as high as $77 to almost 42 within a 3 month period, crude found a low 1 day before the Christmas break.
Chart of the Day -USDJPY- (Dec. 27th 2018)
USDJPY is rebounding higher after finding support at the confluence of the 88.6% Fib of the August low to the October high and the 141.4% extension of the October low to the November high.
Chart of the Day -Dr Copper- (Dec. 21st 2018)
Copper has broken below a triangle and after a 3 day attempt to rebound we only managed to pullback enough to re-test the broken T/L support before getting rejected on Friday.
Chart of the Day -DXY- (Dec. 20th 2018)
The DXY stalled today at the 96.20 support area as it remains trapped between it and the 97.65 resistance.
Chart of the Day -Precious Metals- (Dec. 19th 2018)
Both popular precious metals (gold and silver) posted key reversal days today.
Chart of the Day -USDCAD- (Dec. 18th 2018)
The USDCAD rallied to new highs for 2018 as crude oil pushed below the $47 level today.