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Chart of the Day – DXY – (October 23rd 2019)

The DXY recently came out of an ascending wedge that had developed for the last couple years. Currently, we have a bear flag setting up which points below the 97.00 level.

Chart of the Day – EURUSD – (October 17th 2019)

The EURUSD closed at the downtrend line of the descending wedge that has captured the low volatility of the pair for the last couple years. Today, we tested that resistance near the 1.1140 level.

Chart of the Day – USDJPY – (October 2nd 2019)

The big rejection at the 108.50 level came following the very poor ISM Manufacturing data yesterday as the pair slid into key support today at the 107.00 level.

Chart of the Day – DXY – (October 1st 2019)

An ascending wedge is a bearish setup by definition. However, the instrument is not actually bearish until we break the lower trend line of the wedge.

Chart of the Day – EURUSD – (September 26th 2019)

The EURUSD looks set to test the 109.00 level overnight, but traders should be aware of the longer term descending wedge which has held as support since 2017.

Chart of the Day – USDNOK – (September 18th 2019)

The USDNOK faces a rate decision where the Norges Central bank is set to meet and possibly hike rates! Analysts are about split whether or not we get a rate hike, so whether they do (or not) and the follow up guidance could spur the next move.

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.