Posts

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 -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.

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.

Chart of the Day -AUDUSD- (Jan. 31th 2019)

Since the AUDUSD rallied from the late North American session selloff from a couple weeks back, the rally has stalled at the 200DMA.

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 […]

$ long setups in anticipation of a reversal

The Federal Reserve announced on the 20th September that it would begin its multi-trillion Dollar balance sheet reduction as planned, starting October 2017.