Posts

Oil Exhibits Wild Moves – How, Why, What’s Next?

A lot has been said about oil in the past days, and we have seen unprecedented price action. There has been some serious misunderstanding as to what this price action actually represented, so we will try to explain our take on it.

GBPUSD

The Cable remains bearish against 1.20

The Cable lost its upside momentum in the middle of December after a strong (12%) rally higher and the 3 month period of consolidation that followed ended with the pair accelerating lower to test the 1.14 area just last week. It has since managed to rebound to back-test the 1.1950 – 1.20 area which from […]

Chart of the Day – EURUSD – (November 5th 2019)

Following a strong move higher that breached through several areas of resistance, the EURUSD is in danger of posting a double top if it fails from current support level.

Chart of the Day – NZDUSD – (November 4th 2019)

Kiwi has developed an inverted H&S formation where the head is a prior H&S formation indicated previously in our analysis.

Are US Equities Near a Major Direction Change?

Last week’s Nonfarm Payrolls print – and the subsequent market reaction – made me think about US equities and how their behaviour has changed over the years following the 2008 global financial crisis. Let’s first take a step back and remember how things used to work prior to 2008, regarding the relationship between economic data […]

Chart of the Day – Silver – (August 29th 2019)

Silver posted today an outside spinning top after a relentless 3 month rally higher.

Chart of the Day – Gold / Silver Ratio – (August 28th 2019)

The Gold silver ratio reversed lower last month from an almost all time record high (above 93).

Gold is breaking out

Gold breaks higher after 6 years of consolidation

Gold finally broke out higher from multi-year resistance, and that has certainly caught the market’s attention. Attempts have been made to explain this move, but what are really the factors that move Gold – both in the short term as well as the long term?

Chart of the Day -AUDJPY- (May 6th 2019)

Ahead of the RBA decision tonight the AUDJPY has broken key support as the China/US trade negotiations apparently are strained.