Posts

Chart of the Day – AUDUSD – (July 9th 2019)

The AUDUSD has been under pressure the last week after reversing from the 2018-19 trend line (blue) but is coming to a confluence of support.

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.

Chart of the Day – EURUSD- (June 27th 2019)

The EURUSD is quietly consolidating above the 200dma as price action continues to compress into a pennant.

Chart of the Day – EURUSD- (June 24th 2019)

The EURUSD has closed above the 200dma and also the 35% Fibonacci retracement of the Sept 2018 highs to April 2019 lows.

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 – GOLD XAUUSD- (June 19th 2019)

Gold squeezed shorts post FOMC decision today into the pit close, leaving the instrument at key resistance at the 1360 level.