Chart of the Day – Is the SPX rebound corrective?
Chart Of The Day series – 9 January 2023
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Chart of the Day – USDCNH – (January 4th, 2022)
The USDCNH reversed lower last October and rode the USD weakness. Early December we broke through a H&S formation pattern and after a S/T consolidation we seem to be resuming the downside.
Chart of the Day – DXY – (January 3rd, 2022)
The DXY had a strong day to start the year and it is threatening with a break higher after a 3 month move lower.
Chart of the Day – #WTI – (December 12th, 2022)
Crude oil closed last week at a key confluence of supports ~$77, while completing a double top target.
Will the Fed end 2022 with a bang or a fizzle?
The month of December is often a very big trading month. It’s the last month of the year and that brings with it a whole host of trading patterns we need to keep watch for. Firms can close up some/all positions to book year-end profits, and central banks issue their final monetary policy announcements for […]
Chart of the Day – #Gold – (November 7th, 2022)
Gold is testing the key confluence of resistances at $1680.
Chart of the Day – #USDJPY – (September 22nd, 2022)
Following the FOMC decision, the USDJPY naturally looked poised to appreciate and it would have probably produced a legitimate breakout if it wasn’t for an intervention on behalf of the MoF of Japan.