Posts

Chart of the Day -EURUSD- (Jan. 9th 2019)

The EURUSD finally broke higher out of the two month consolidation with the pair reaching as high as 1.1550 today.

Chart of the Day -EURJPY- (Jan. 8th 2019)

The EURJPY has bounced back to the breakdown point near the 125.00 level which is a do or die level for the bulls.

Chart of the Day -WTI- (Jan. 2nd 2019)

After a huge move that pushed it from as high as $77 to almost 42 within a 3 month period, crude found a low 1 day before the Christmas break.

Chart of the Day -USDJPY- (Dec. 27th 2018)

USDJPY is rebounding higher after finding support at the confluence of the 88.6% Fib of the August low to the October high and the 141.4% extension of the October low to the November high.

Chart of the Day -Precious Metals- (Dec. 19th 2018)

Both popular precious metals (gold and silver) posted key reversal days today.

Chart of the Day -USDNOK- (Dec. 17th 2018)

The USDNOK pullback from the ascending wedge was limited to the 38% Fibonacci retracement which has allowed for a turn to new trend highs.

Chart of the Day -SPX500- (Nov. 30th 2018)

The SPX500 closed the week above the downtrend line and the 61.8% Fibonacci retracement level which was a bullish sign headed into the weekend.