Posts

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.

Chart of the Day -EURJPY- (June 5th 2019)

The EURJPY tested major resistance ahead of the ECB meeting. When a pair hits a level so many times, we often refer to that level the “bull/bear” line.

Chart of the Day -DXY- (June 4th 2019)

The double top in the US Dollar index is testing the neckline which is very important support at the 97.00 level for a few reasons.

Chart of the Day -GBPUSD- (May 30th 2019)

Although the GBPUSD went as low as 1.2580 today the fact that we are holding above the 1.2600 level tells us how important this level of support is for the end of the week.

Chart of the Day -USDCAD- (May 29th 2019)

The USDCAD rallied above the 1.3500 level following the BOC rate decision, and the pair looks to have broke out.

Chart of the Day -GBPJPY- (May 28th 2019)

The GBPJPY is moving lower within a descending wedge as we surpass the 127% extension of the Feb lows to March highs.

Chart of the Day -EURUSD- (May 23rd 2019)

The EURUSD is at risk of a double bottom being formed since the 1.1110 level held as support once again.