Chart of the Day – AUDCAD- (June 25th 2019)
The AUDCAD is finding significant support that is the 2018 lows near the 0.9100 level.
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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 – EURAUD- (June 18th 2019)
The EURAUD reversal from new trend highs is pretty spectacular.
Chart of the Day -10year Bund- (June 13th 2019)
It isn’t a secret that the bund has been in a long term bull market.
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.