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Chart of the Day – AUDJPY – (July 11th 2019)

A setup is simply “a setup.” For now, the AUDJPY trend is down, but the reversal pattern is developing in the AUDJPY.

Chart of the Day – AUDUSD – (July 9th 2019)

The AUDUSD has been under pressure the last week after reversing from the 2018-19 trend line (blue) but is coming to a confluence of support.

Chart of the Day -AUDUSD- (May 14th 2019)

The AUDUSD has broken out of a bearish wedge and also has a bearish pennant that is trying to play out.

Chart of the Day -AUDJPY- (May 6th 2019)

Ahead of the RBA decision tonight the AUDJPY has broken key support as the China/US trade negotiations apparently are strained.

Chart of the Day -AUDJPY- (April 16th 2019)

The AUDJPY broke out of the 2019 range and into new yearly highs last week. As long as we remain above the 79.80 level the risk remains to the upside.

Chart of the Day -AUDUSD – (April 8th 2019)

The AUDUSD has been in a tight consolidation for the last 5 weeks, but we are now at the triangle resistance.