EURUSD, AUDUSD and NZDUSD print new 52-week highs, USDCAD new 52-week low to mark their strengthening against USD; terminates previous year-year trend.
XAUUSD is setting up a potential breakout if this triangle formation is valid. Gold bulls’ wait could be over soon in this sequence 1. break trend line 2. break strong resistance 3. new high.
What’s the next move? Is AAPL’s 6% sell-off the start of a new downtrend. Or, will prices find a bottom and reclaim the upside? EWI senior analyst Jeffrey Kennedy tells us his real-time strategy.
AUDUSD printed a new 52-week high and terminated a year – year down trend since 2013. Bullish reversal pattern. Over a longer time frame, we can see this as part of long term strengthening.
Prospective EURUSD levels to look at based on previous highs as well as projection from a triple bottom chart pattern that is now very prominent. In addition a quick look at DXY.
Gold miners Barrick Gold and H-share Zijin Mining are at or near prominent support levels. Critical question: Has their current week-week downtrend ended yet?
WTI and DXY used to show a clear negative correlation. This disappeared in the middle of 2016. Is this a temporary divergence or a permanent change? If the present appearance is temporary only, one of them is going to show it’s true colour soon.