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Monthly Archives: July 2017

XAUUSD monthly chart 2007 - present

Gold bullish or nothing?

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.

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AUDUSD 3M chart from 1993 - present

AUDUSD bullish reversal, long term strengthening

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.

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EURUSD weekly chart Q4 2014 - present

Prospective EURUSD levels to look at

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.

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WTI (Top) vs DXY daily chart from mid-2014 to present

One of them is not showing it’s true colour. WTI or DXY?

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.

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