Posts

Chart of the Day -USDCHF- (June 12th 2019)

After breaking the long term 1.5 year trend line and 200DMA, the pair is back to test the 200DMA once again and the underside of the broken trend line.

Chart of the Day -USDCHF- (April 23rd 2019)

After multiple tests of a multiyear wedge’s resistance the Swissy has finally broken out today.

Chart of the Day -USDCHF- (April 17th 2019)

Earlier this year, the USDCHF rallied past this multi-year trend line and reversed course? Will it happen again?

Chart of the Day -USDCHF- (Feb 12th 2019)

The USDCHF rally has been very strong in the last several weeks from the beginning of the year, but the pair has ran into a wall of resistance at the multiyear trend line that spawns back from the end of 2016.

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.

EUR Pairs Heavy or at Resistance

Ahead of Thursday’s ECB meeting and with a crisis brewing in Spanish Catalonia the EUR is trading heavy or at significant resistance in some crosses which are worth watching for bearish reversals. 

Will the catalonia effect sink the EUR?

Tensions have been recently rising in Spain, particularly in the run up to the Catalonia independence referendum. The Spanish constitution explicitly forbids such a referendum, but this didn’t stop the Catalans from trying to have it.

$ 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.

U.S. Presidential Elections Aftermath!

News headlines were dominated last week by the US presidential elections. Prior to November 8th the markets were anticipating a Clinton win (albeit by a small margin). Bookmakers had HRC anywhere between 70% and 90% to win. Well they were all proved spectacularly wrong as Donald Trump cruised to victory.