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  1. Gold Price With Daily Bearish Ranging

    by , 05-05-2019 at 07:05 PM
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    It’s been another busy week for Gold prices after last week’s breakdown to fresh 2019 lows. And while no new highs or lows were established this week – there may be a number of deductions that traders can move-forward with on the yellow metal. In this piece, I’m going to take a tops-down look at Gold prices, incorporating the monthly chart to focus on what got us to our current levels, and then drilling down to shorter-term variations in the effort of ...
  2. AUD/USD Technical Analysis: Aussie Downtrend

    by , 10-17-2018 at 10:34 AM
    The Australian Dollar has tepidly recovered to challenge trend resistance guiding it lower against its US counterpart since late January. That barrier is now in the 0.7136-0.7210 area. A daily close above that would neutralize the near-term bearish bias and initially expose the September's swing highs in the 0.7304-15 zone.

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    Alternatively, a turn back below the October 8 low at 0.7041 sees the next significant barrier at 0.6900, the September ...
  3. GBP/USD: weekly correction to the bearish reversal

    by , 05-29-2018 at 09:41 AM
    The bearish move in the British Pound has continued into another week. After displaying a semblance of support around the key level of 1.3500 in the first couple of weeks of May, GBP/USD posed a downside break at the start of last week to continue the move, and with a heavy outlay of UK data on the calendar, the potential for a deeper bearish move was there.

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    At this point, we've seen a bit of support show-up in a familiar area. The zone ...
  4. US Dollar Index Bearish Breakdown

    by , 03-17-2017 at 05:36 PM
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    -“DXY continues to trade on parallels that are defined by the 2016 support line (from the May low). The yearly opening price is 102.38 and could influence for a reaction. I’d also pay attention to 100.39 (March 2015 high…here we are 2 years later by the way…basically unchanged!) for support. A break through one of these levels ideally offers something to work with from a trend perspective.” Decision time as DXY is trading 100.39! A weekly close below ...