If the H&S pattern on the 4-hourly chart is anything to go by, it looks like DXY may finally be heading to sub 89.
I think a correction might be due here. I will short a break of 3,750/3,800 for a move back to 3,000 or lower.
Inverse H&S confirmed on the weekly chart; targets 1.90 in the short-medium term.
Ascending triangle chart pattern confirmed on the 4 hourly; targets 0.7350-0.7400.
Another bear flag building on the DXY weekly chart? If confirmed, next stop could be 88.
Seems last week's break below 1.20 was a false one; a retest of the 1.23 level now likely. Short-medium term target is 1.25; Long term target 1.30.
close about inverse H&S neckline resistance; we are in for some upside! Measured target is 72.
Clear break out of consolidation range. Next stop 160?
Descending triangle chart pattern. Price broke to the downside, went for a retest, and now looks set for an ultra-short-term target of 1.67.
Silver going for gap close? Seems like it. #Hourlychart. I stand guided by higher timeframes though, which still look bullish.
Been at the messy of the 200 day moving average for the past year; but persistently failed to break higher. wonder for how much long it will (200dma) hold. *No clear trading signal, just an observation!
A pennant kind of pattern developing on the Nedbank daily chart. It can break either way!
Technically looking weak; bear flag developing on the daily chart. A lot will depend on the gold price trajectory.