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.
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 […]
Hello traders, Its been awhile since I published a free analysis here on forexanaltix, so I think it’s about time. The main reason why I wasn’t active a lot it’s because of a low volatility on the FX market. So rather than just looking at currencies I think it’s very important to track other markets […]
The DXY was our chart of the day last week and it is back in focus today.
The DXY recently came out of an ascending wedge that had developed for the last couple years. Currently, we have a bear flag setting up which points below the 97.00 level.