Click here to open Help
Posts
Chart of the Day -AUDUSD- (May 14th 2019)
The AUDUSD has broken out of a bearish wedge and also has a bearish pennant that is trying to play out.
Chart of the Day -BTCUSD- (May 13th 2019)
Bitcoin has spent all of 2019 building a strong base that it has rallied from.
Chart of the Day -EURJPY- (May 9th 2019)
Alongside the bear flag competing when the pair traded below the 123.00 level a pin bar was posted which could signal a near term bounce in the pair.
Chart of the Day -EURUSD- (May 8th 2019)
The EURUSD has developed a triangle consolidation despite the AB=CD pattern pointing lower. Obviously, the risk moving forward is the China/US trade deal in the coming days.
Chart of the Day -German DAX- (May 7th 2019)
The DAX had a strong reversal ahead of the 78% retracement when it was trading at channel resistance as the daily RSI registered extremely overbought the last few sessions.
Chart of the Day -AUDJPY- (May 6th 2019)
Ahead of the RBA decision tonight the AUDJPY has broken key support as the China/US trade negotiations apparently are strained.
Chart of the Day -Crude Oil- (May 2nd 2019)
Following up on Sunday’s blog post (read it HERE), crude has now broken below the horizontal support area and the ascending channel’s support (both confluenced at $63.75).
Chart of the Day -SPX- (May 1st 2019)
The SPX closed at the key uptrend line of the ascending wedge, and based on the bearish engulfing candle on the daily chart, it looks like a move lower from here is in the cards near term.