Johnson

Chart of the Day – NASDAQ Composite new highs? – (June 14th, 2021)

The Nasdaq composite is on the cusp of breaking out. A move out of the wedge could target the 161% extension of the February highs to march lows at 15306. RSI is also breaking out suggesting we should see higher prices as well. Original Article

EL Oro – ¡ Buscando los máximos otra vez ! – XAUUSD #Gold

¡ Hey #Traders ! Estamos a 11 de Junio del año 2021, y seguimos analizando el Oro, en este caso en diagrama de tiempos H4. Indicadores técnicos utilizados son dos: *Medias de 34 exponenciales aplicadas a los máximos, cierres y mínimos. Lo que consideramos el […]

Chart of the Day – USDJPY – (June 10th, 2021)

The last couple weeks the USDJPY has held above the 109.00 level which is also “channel support” and also the 50dma. However, with the recent breakdown in bond yields the risk is increasing the USDJPY (and other XXXJPY pairs like the CADJPY and EURJPY) make […]

Chart of the Day – EURUSD – (June 9th, 2021)

The EURUSD is ready for a breakout following the ECB decision tomorrow. The technical setup is a triangle, and traders are hopeful either the ECB or the US CPI inflation data will pull the pair out of the triangle. Support is at the 1.2130 (channel […]

Chart of the Day – CADJPY – (June 8th, 2021)

The CADJPY is sitting on channel support, and if you are a Forex Analytix subscriber, you were well aware of the 161% extension above the 91.00 level with the divergent RSI which ended up stalling the rise. The issue tomorrow is that the pair is […]

EL Oro – Se apoya en los 1850 Diario – XAUUSD

¡ Hola Traders ! Estamos a 8 de Junio del año 2021, y seguimos analizando el Oro, en este caso en diagrama de tiempos diario y H4. Indicadores técnicos utilizados son dos: *Medias de 34 exponenciales aplicadas a los máximos, cierres y mínimos. Lo que […]

Chart of the Day – AUDJPY – (June 7th, 2021)

The AUDJPY is consolidating in a triangle formation and we think the AUDJPY is poised to breakout and also a pretty good representation of the “state of affairs” of the Forex market. We continue to long term grind higher in a slightly ascending wedge, but […]

ECB and BoE ahead of June’s meetings

A new month and more signs that European economies are recovering fast, with the manufacturing sector increasingly struggling to cope with the jump in demand and services benefiting from the lifting of restrictions. There is some concern that the latest Covid-19 variant may delay the […]

Non-Farm Payroll Preview

Recent US economic data can be used an indicator to help estimate non-farm wage reports in general. This week’s data included record highs on the ISM services index, along with the Markit services and composite PMIs, a strong increase in ADP private payrolls, and the […]

Market Update – June 4 – Dollar bounces ahead of NFP

Market News Today – USD sprang to life after strong ADP (978k vs 645k), Weekly Claims (385k vs 400k) and ISM Services PMI data (64 vs 63). USDIndex has rallied (+0.8%) to 90.57 after closing over 20-day moving average for the first time since April […]