Chart of the Day -USDMXN – (April 10th 2019)
The USDMXN has been trading abnormally heavy the last couple sessions and is now at risk at a break lower out of the long term daily triangle.
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Chart of the Day -10yr Bund – (April 9th 2019)
Ahead of the ECB decision the German 10yr BUND is at an inflection point with the 166.66 breakout point and channel support being tested.
Chart of the Day -AUDUSD – (April 8th 2019)
The AUDUSD has been in a tight consolidation for the last 5 weeks, but we are now at the triangle resistance.
Chart of the Day -EURNZD – (April 4th 2019)
One of our traders in our Forex Analytix community chat rooms (guyr) brought the EURNZD inverted head and shoulder’s pattern to our attention.
Chart of the Day -BTCUSD – (April 3rd 2019)
If you have been following our Bitcoin analysis on Forex Analaytix for the last couple weeks, we have been bullish on the instrument as we had a bullish wedge develop and then subsequently breakout higher.
Chart of the Day -GBPNZD – (April 2nd 2019)
We are not sure if the upper end of the 1.9000-1.9550 channel will be broken, but it is a risk this time around as the GBP is starting to look constructive against other pairs as well.
Chart of the Day -EURJPY – (March 28th 2019)
There is no doubt that the EURJPY has a lot of support from the 123.80-124.00 level, but the recent shallow bounce and flag pattern suggest a break down may happen soon.
Chart of the Day -DXY – (March 27th 2019)
The DXY is in the middle of the range, and also testing the 61.8% retracement.
Chart of the Day -Gold XAUUSD – (March 26th 2019)
Gold has spent the month of March moving higher in a channel, but the last couple sessions we have stalled at the 61.8% retracement of the February highs to March lows at $1321.