Posts

Chart of the Day -EURUSD- (March 7th 2019)

The EURUSD has finally cracked the multi month range lows and seems to be breaking lower (finally!) to test the 127% extension of the last rally.

Chart of the Day -XAUUSD- (Feb 14th 2019)

Gold has spent the last couple of weeks consolidating its gains in what looks like a bull flag.

Chart of the Day -USDCHF- (Feb 12th 2019)

The USDCHF rally has been very strong in the last several weeks from the beginning of the year, but the pair has ran into a wall of resistance at the multiyear trend line that spawns back from the end of 2016.

Chart of the Day -USDMXN- (Feb 11th 2019)

Consolidation patterns, like a triangle, can be very explosive patterns when it comes to the markets because the market is “winding up” for so long.

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.