The Silver market has exploded higher reaching what may be called a “Fever Pitch” as the DSI (daily sentiment index) is at extreme readings and RSI is extremely overbought.
The EURUSD found support ahead of the 161% extension of the May lows to June highs near the 1.0920 level.
Silver posted today an outside spinning top after a relentless 3 month rally higher.
The Gold silver ratio reversed lower last month from an almost all time record high (above 93).
The GBPUSD (Cable) has broken above the neckline of an inverted H&S formation on the 4h chart, following the positive statements form Merkel regarding a Brexit deal.
Bitcoin has spent the summer consolidating in what is apparently a triangle. However, the last two weeks we have been skirting along triangle support at 9700.
Bitcoin has spent all of 2019 building a strong base that it has rallied from.
If you have been following our Bitcoin analysis on Forex Analaytix for the last couple weeks, we have been bullish on the instrument as we had a bullish wedge develop and then subsequently breakout higher.
This week we saw Bitcoin breach the $10,000 mark and continue in a near-vertical ascent that has some people scratching their heads and others celebrating their incredible gains.