Posts

Chart of the Day – GBPUSD – (August 22nd 2019)

The GBPUSD (Cable) has broken above the neckline of an inverted H&S formation on the 4h chart, following the positive statements form Merkel regarding a Brexit deal.

Chart of the Day – Bitcoin BTCUSD – (August 21st 2019)

Bitcoin has spent the summer consolidating in what is apparently a triangle. However, the last two weeks we have been skirting along triangle support at 9700.

Chart of the Day – USDSEK – (August 20th 2019)

The USDSEK may have posted a false breakout with the daily RSI divergent. Typically, this isn’t good news for the US Dollar index.

Chart of the Day – GOLD XAUUSD – (August 14th 2019)

Gold ran into key resistance yesterday as we hit the 1535 level (as we have been expecting). This level is significant as it is the 2011/2012 lows.

Chart of the Day – GBPCAD – (August 12th 2019)

The GBPCAD came within striking distance of the 161% Fibonacci extension of the summer 2018 lows to 2019 highs.

Chart of the Day – GBPNZD – (August 8th 2019)

A few days ago the GBPNZD came out of the downtrend, and we have successfully retested the channel breakout point at the 1.8700 level.