Chart of the Day – Silver XAGUSD – (July 17th 2019)
Silver is probing a key downtrend line that has been in tact since mid 2017.
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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.
Chart of the Day – GOLD XAUUSD- (June 19th 2019)
Gold squeezed shorts post FOMC decision today into the pit close, leaving the instrument at key resistance at the 1360 level.
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 -USDSEK- (June 6th 2019)
You could also say “The SEK has been leading European currency strength” as the USDSEK is dipping to some key support.
Chart of the Day -DXY- (June 4th 2019)
The double top in the US Dollar index is testing the neckline which is very important support at the 97.00 level for a few reasons.
