Crude Oil is quite a peculiar instrument to trade, given that its supply side has been managed for decades. If we look at a multi-year chart, there was a very evident move which happened in 2014. The drop from over $100 to $40 was very sharp and relentless, and it was driven mostly by the […]
After multiple tests of a multiyear wedge’s resistance the Swissy has finally broken out today.
Earlier this year, the USDCHF rallied past this multi-year trend line and reversed course? Will it happen again?
The AUDJPY broke out of the 2019 range and into new yearly highs last week. As long as we remain above the 79.80 level the risk remains to the upside.
Gold has spent the last 2 months consolidating within a flat bottom triangle.
The EURJPY is at multi week highs and testing the key 61.8% Fibonacci retracement.
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.