Chart of the Day -USDJPY- (Dec. 4th 2018)

The USDJPY is in a triangle pattern and today’s lows coincided with the trend line that has been established all of 2018 (blue line).

Chart of the Day -AUDJPY- (Dec. 3rd 2018)

The AUDJPY broke higher above the 38% retracement and now targets the 61.8% retracement near 85.50 with a bull flag formation supporting the move higher.

Chart of the Day -SPX500- (Nov. 30th 2018)

The SPX500 closed the week above the downtrend line and the 61.8% Fibonacci retracement level which was a bullish sign headed into the weekend.

Chart of the Day -DXY- (Nov. 29th 2018)

The US Dollar Index, or DXY, is at triangle support after nearly testing the 61.8% long term retracement the last couple weeks.

Chart of the Day -USDMXN- (Nov. 28th 2018)

The USDMXN has broken lower out of an ascending wedge, and what makes this potential so good for shorts is the RSI has also been divergent on the last move higher the last few weeks.

Chart of the Day -USDCHF- (Nov. 27th 2018)

The Swissy (USDCHF) may be setting up a bear flag pattern after the rebound from the 38% retracement of the September low to the November highs.

Chart of the Day -ETHUSD- (Nov. 26th 2018)

One of the most dangerous mistakes a trader can make is “catching a falling knife.” Or when prices continue to drop to look for places to be long.

Chart of the Day -GBPUSD- (Nov. 23rd 2018)

The GBPUSD looks to be in a long term consolidation that may carry us through December as the UK parliament will vote on the BREXIT deal ahead of the Christmas holiday.