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.
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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.
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 – NZDUSD – (October 3rd 2019)
The Kiwi has shown a lot of divergence on the RSI in the last month as we traded to new 52-week lows.