Posts

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 – AUDJPY – (October 28th 2019)

It should be no surprise with stocks moving to all time highs the AUDJPY (because of the strong equity markets positive correlation) is following suit.

Chart of the Day – USDCAD – (October 24th 2019)

The last couple sessions the battle around the 1.3070 level in the USDCAD has been fierce. Traders know this is the long term trend line dated from 2012 till present.

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.