Author Archive

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.

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.

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.

3 charts of gold miners for bulls and bears

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?

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.

Not the usual G20 videos (speeches) you expect to see

Violent protests mark Hamburg G20. Social mood changing for the worse.