Posts

Chart of the Day – DXY – (July 1st 2019)

The DXY has rallied to the underside of the trend line but also back above the 200dma which does muddy the picture.

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 -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 Blog Post

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 […]

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.