After holding the dip at 1680, we are back at the 1760 resistance which could signal a move back to the 1840 level on a close above this resistance tomorrow. In currencies, the USDJPY has a strong inverse relationship to the gold market, and since […]

The CADJPY posted a false breakout last week above the 88.00 level. At that time, the divergent and overbought RSI suggested that the pair would pullback. As we drop back towards the 61.8% Fibonacci retracement of the last surge higher at 86.89, it happens to […]

The German DAX found resistance at the 127% Fibonacci extension of the COVID lockdown move in 2020. As the German DAX has played “catch up” to the US markets the last several weeks as investors have been searching for value over growth with the recent […]

¡ Hola Traders ! Hoy día 6 de Abril del año 2021, tenemos a la vista el cruce del dólar neozelandés en su cruce con el dólar americano, en su intervalo de tiempos diario. Indicadores técnicos utilizados: -Medias de 34 exponenciales aplicadas a los máximos, […]

On March 1st, our “Chart of the Day” was the USDSEK and we were looking for a break higher towards the 200dma back then. Well, we got that move (and some) and now this bullish move looks set to make another move higher near term. […]

Hola Traders, hoy es día 1 de Abril del año 2021, vamos a plantear este análisis técnico de mercado con la criptomoneda Ethereum en su desarrollo de tiempos diario. Indicadores técnicos utilizados: Medias de 34 exponenciales aplicadas a los máximos, cierres y mínimos. Nuestro ciclo […]

Two weeks ago we warned that this trend would be strong for our “Chart of the Day” on March 15th, and now that the USDJPY is breaking the multi year trend line, it is time to revisit where we can go next. The overbought RSI […]

The Silver market has traded above the 200dma since May of 2020 and now we closed below it, and looking to test key horizontal support at the 22.25 level near term. The RSI is nearing oversold so a dip towards this key horizontal support may […]

One of the pairs that we watch when trading the USDJPY is the USDCNH. And with the USDCNH moving to new highs on the year and to the highest levels since December 2020, maybe this is an indication of further gains of the USDJPY beyond […]