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Chart of the Day – EURUSD – (November 5th 2019)
Following a strong move higher that breached through several areas of resistance, the EURUSD is in danger of posting a double top if it fails from current support level.
Chart of the Day – NZDUSD – (November 4th 2019)
Kiwi has developed an inverted H&S formation where the head is a prior H&S formation indicated previously in our analysis.
Chart of the Day -Crude Oil- (May 2nd 2019)
Following up on Sunday’s blog post (read it HERE), crude has now broken below the horizontal support area and the ascending channel’s support (both confluenced at $63.75).
Crude Oil reversed lower from key level. What should we expect going forward?
Crude Oil is quite a peculiar instrument to trade, given that its supply side has been managed for decades. If we look at a multi-year chart, there was a very evident move which happened in 2014. The drop from over $100 to $40 was very sharp and relentless, and it was driven mostly by the […]