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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.
Crude Oil reversed lower from key level. What should we expect going forward?
Crude Oil is quite a peculiar instrument to trade, given that its supply side has been managed for decades. If we look at a multi-year chart, there was a very evident move which happened in 2014. The drop from over $100 to $40 was very sharp and relentless, and it was driven mostly by the […]
Chart of the Day -DXY – (March 27th 2019)
The DXY is in the middle of the range, and also testing the 61.8% retracement.
The dynamics of the USD, Gold and CNH
During the past few years there has been a good correlation between the Gold and CNH. The Chinese Yuan has been a good proxy for US Dollar relative performance and risk on / risk off flows. As the Dollar strengthens, USDCNH naturally rises and vice versa.
Chart of the Day -USDSEK- (Feb 4th 2019)
The USDSEK is not a currency pair that Forex Analytix commonly follows, but at times it is worth noting.
Chart of the Day -USDCAD- (Feb 1st 2019)
The USDCAD will apparently close the week below the 200DMA.
Chart of the Day -AUDUSD- (Jan. 31th 2019)
Since the AUDUSD rallied from the late North American session selloff from a couple weeks back, the rally has stalled at the 200DMA.
Chart of the Day -DXY- (Jan. 30th 2019)
The US Dollar has given up ground today as the FOMC statement and press conference came off fairly dovish.