Chart of the Day – EURUSD- (September 3rd 2019)
The EURUSD found support ahead of the 161% extension of the May lows to June highs near the 1.0920 level.
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Chart of the Day – Silver – (August 29th 2019)
Silver posted today an outside spinning top after a relentless 3 month rally higher.
Chart of the Day – Gold / Silver Ratio – (August 28th 2019)
The Gold silver ratio reversed lower last month from an almost all time record high (above 93).
Chart of the Day – GBPUSD – (August 22nd 2019)
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.
Chart of the Day – USDSEK – (August 20th 2019)
The USDSEK may have posted a false breakout with the daily RSI divergent. Typically, this isn’t good news for the US Dollar index.
Chart of the Day – Silver XAGUSD – (July 17th 2019)
Silver is probing a key downtrend line that has been in tact since mid 2017.
Chart of the Day – DXY – (July 1st 2019)
The DXY has rallied to the underside of the trend line but also back above the 200dma which does muddy the picture.
Chart of the Day – EURUSD- (June 24th 2019)
The EURUSD has closed above the 200dma and also the 35% Fibonacci retracement of the Sept 2018 highs to April 2019 lows.
Gold breaks higher after 6 years of consolidation
Gold finally broke out higher from multi-year resistance, and that has certainly caught the market’s attention. Attempts have been made to explain this move, but what are really the factors that move Gold – both in the short term as well as the long term?
Chart of the Day – USDJPY- (June 20th 2019)
The USDJPY broke down under pressure with yields falling and gold rallying, the natural path of least resistance for the pair was lower.