Posts

Chart of the Day – German DAX – (November 18th 2019)

The German DAX has seen a significant rally since mid September as we broke many resistance levels in the market.

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 -EURJPY- (May 9th 2019)

Alongside the bear flag competing when the pair traded below the 123.00 level a pin bar was posted which could signal a near term bounce in the pair.

Chart of the Day -EURUSD- (May 8th 2019)

The EURUSD has developed a triangle consolidation despite the AB=CD pattern pointing lower. Obviously, the risk moving forward is the China/US trade deal in the coming days.

Chart of the Day -German DAX- (May 7th 2019)

The DAX had a strong reversal ahead of the 78% retracement when it was trading at channel resistance as the daily RSI registered extremely overbought the last few sessions.

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.