Posts

Chart of the Day – EURNZD – (August 6th 2019)

The EURNZD has squeezed higher as a result of risk aversion the last few sessions, but we have stalled at a downtrend line and the 88.6% Fibonacci extension ahead of the RBNZ rate decision today.

Chart of the Day – USDJPY – (August 5th 2019)

The USDJPY pushed stops below the 106.00 level but managed to close the session back above the 106.00 key support.

Chart of the Day – GBPUSD – (July 18th 2019)

By definition, the descending wedge is an eventual reversal pattern. In this pair, we have made a pivot near the lows from 2019 at 1.2400 and have reversed higher.

Chart of the Day – EURCAD – (July 16th 2019)

Last week we highlighted the NZDCAD which had the potential to rally. Today, we will highlight the EURCAD which is sitting on weekly trend line support.