Posts

Chart of the Day -EURUSD- (Nov. 5th 2018)

The EURUSD is trading about 100 pips from key support at the 1.1300 level which was aggressively defended last week. However, a downtrend line and previous support (early October) is capping the rally thus far.

Chart of the Day -NZDJPY- (Nov. 4th 2018)

The NZDJPY has formed a quadruple bottom, and with the pair breaking out of the descending channel that has been forming during all of 2018, the risk of a breakout higher is increasing.