Posts

Chart of the Day – USDJPY- (June 20th 2019)

The USDJPY broke down under pressure with yields falling and gold rallying, the natural path of least resistance for the pair was lower.

Chart of the Day – GOLD XAUUSD- (June 19th 2019)

Gold squeezed shorts post FOMC decision today into the pit close, leaving the instrument at key resistance at the 1360 level.

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.