trading the EURUSD

Chart of the Day – AUDUSD – (October 21st, 2021)

The AUDUSD rally the last 24 hours was faced with a lot of key resistance. If you were a daily listener of the free FACE (Forex Analytix Community Experience) webinar you had been aware that the AUDUSD completed the inverted head and shoulder pattern, was […]

Chart of the Day – 10Yr Bonds – (October 20th, 2021)

The 10yr bond market broke the wedge lower the last couple sessions and is getting comfortable below previous support (current resistance) at 103’26. The risk is a continuation lower to the 129’17 then 127’29 level which would test the lows from December 2019. The rise […]

Chart of the Day – GBPUSD – (October 19th, 2021)

The GBPUSD is within close proximity of the 200dma, and just below that was today’s highs at the 50% retracement at the 1.3829 level. Overnight, the risk may be for a probe into the 200dma, but the bears may attempt to hold the 200dma to […]

Chart of the Day – Gold – (October 13th, 2021)

For weeks it has seemed no matter what happened gold went nowhere. But today was different! Gold broke higher out of a month long consolidation and looks to have developed an inverted head and shoulder pattern. The neckline was at the 1782 level and we […]

Chart of the Day – IWM – (October 12th, 2021)

The mid cap stock market is represented by the Russell 2000 (or IWM) has been in a tight trading range for all of 2021. That range is tightening in a triangle as the 200dma weaves inside the consolidation. This is a receipt for a big […]

Chart of the Day – USDJPY – (October 11th, 2021)

The USDJPY broke higher out of a long term consolidation. When a move like this happens people want to know: 1) Will it continue? 2) Should I be a buyer? Today, I don’t think the answers are very straightforward. To address the first question I […]

Chart of the Day – DXY – (October 7th, 2021)

It’s only fitting ahead of the NFP tomorrow for the #DXY to have a setup against key resistance. The US Dollar is trading just shy of the 52 week high put in last month and we have developed a bullish wedge. The reason why this […]

Chart of the Day – AUDNZD – (October 6th, 2021)

We have been bullish the AUDNZD since it broke the wedge resistance at 1.0350, and our target has been the 1.0550 level. We are almost there, and this is the 50% retracement of the June highs to the September lows. Daily RSI is reaching overbought, […]

Chart of the Day – EURUSD – (October 5th, 2021)

The EURUSD is back on our radar. Back on August 30th, the EURUSD was our “Chart of the Day” and we expected a move back to 1.1900. We hit 1.190X and reversed and now we are looking for a move that measures below 1.1500. We […]