Foreign Exchange
After a choppy range bound week, we can see the market testing the short-term uptrend line, currently around 4110/15 area. A break here would put a test of the 4070 level.
Inter-market analysis can be extremely helpful in building out a technical picture across asset classes. Last week we saw potential completion of a 5 wave up moves in EUR/USD and XAUUSD, and a series of outside day* chart patterns, technical divergences or indicators rolling over across other markets.
Happy Easter all! The major theme across asset classes has been a consolidation of recent ranges, with the exception of the surprise OPEC production cuts, oil gapping up at last week’s open and silver breaking out from a series of lower tops with trendline resistance breaking at the 24.10/15 area.
XAGUSD Daily Bar Chart Silver testing trendline resistance area around 24.10/15 level. This is the 4th touch of a well-defined…
WTI Oil: 4-hour Close-Only Chart Oil broke down after potential signs of slowing global demand, and the break below the…
This article is designed to be a general commentary on diversification and alternative investments in your portfolio. While the content…
EURUSD is now testing the last break point around 0.99, looking at the past we have seen test of breaking…
Cable (GBPUSD) has broken below an almost 30 year support line, this is a substantial break and its heading towards…
Follow up on earlier observation in EURUSDWe hit our first long term target around 0.95 this week, a bit earlier…
Follow up on the earlier EURCHF observation, the long term traditional SHS formation has now reached a good part of…