Chart of the Day -NZDUSD- (May 22nd 2019)

The NZDUSD has been following a steep downtrend line since March, and we are nearing the 88% retracement of the Sept 2018 lows to December 2018 highs and also the 127% extension of the December 2018 lows to 2019 highs.

Chart of the Day -GBPJPY- (May 20th 2019)

The GBPJPY (aka the Guppy) is closing in on some key support at the 127% Fibonacci extension of the February lows to highs and the 261% extension of the last rally at the 138.90-139.40 level.

Chart of the Day -USDCNH- (May 16th 2019)

If you watch the weekly “Week Ahead” video that we post on YouTube, you may have recalled us discussing the USDCNH chart. Since the weekend, the USDCNH has rallied sharply and is now above the 78% retracement at 6.9238.

Chart of the Day -EURJPY- (May 9th 2019)

Alongside the bear flag competing when the pair traded below the 123.00 level a pin bar was posted which could signal a near term bounce in the pair.

Chart of the Day -EURUSD- (May 8th 2019)

The EURUSD has developed a triangle consolidation despite the AB=CD pattern pointing lower. Obviously, the risk moving forward is the China/US trade deal in the coming days.

Chart of the Day -German DAX- (May 7th 2019)

The DAX had a strong reversal ahead of the 78% retracement when it was trading at channel resistance as the daily RSI registered extremely overbought the last few sessions.