The EURUSD is at risk of a double bottom being formed since the 1.1110 level held as support once again.
The NZDUSD has been following a steep downtrend line since March, and we are nearing the 88% retracement of the Sept 2018 lows to December 2018 highs and also the 127% extension of the December 2018 lows to 2019 highs.
The AUDUSD has broken out of a bearish wedge and also has a bearish pennant that is trying to play out.
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 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 […]
After multiple tests of a multiyear wedge’s resistance the Swissy has finally broken out today.