We have a few things here to address. Firstly, we have a bullish RSI divergence. Second, the downtrend line from $1265 was broken with today's close. Lastly, with risk aversion on everyone's mind and Trump looking at possibly selling the dollar (we all know he doesn't want a strong dollar), gold be looking to move up. One last thing: In 13 out of the last 17...
Bullish RSI divergence on the Daily chart. Even with the DXY on a tear the Aussie has held up decently. Safe to take nice longs on this pair here.
RBNZ's dovish tone led to the Kiwi's selloff however all data has been quite on par from New Zealand. The selloff was overdone, RSI is extremely oversold, and as can be seen from the markup, NZDUSD should move back up over the coming days.
Downtrend was broken, retested, and the price has moved up. Once 1220 is conquered, 1236 is the next stop.
DXY has been range trading for quite some now and it is now at the top of the range once more. Stochastic crossover (5,3,3) also indicate a move downward.
Very nice bullish RSI divergence on Gold here. Moreover, we're at a nice support level for a mid-term buy.
Nice little bear flag forming on this pair here. With the Aussie maintaining it's poise in the face of a hawkish FOMC and falling commodities, the dovish BoE will drive the pound down which I believe will be the catalyst for this flag breaking out nicely. Good luck!
As can be seen from the chart, the old uptrend was broken, retested, and rejected. The pair will continue to fall within the downtrend. We may seem some spikes here and there on news but overall, I believe it will be a slow bleed down.
Pretty nice head and shoulders pattern on the daily chart here. Aussie is also oversold which adds more credence to this short.
The pair's uptrend seems to be coming to an end. Yesterday provided us with a big sell off and the major moving averages have rolled over on the smaller time frames. Moreover, as highlight below, the Stochastic crossover (10,6,6) has also occurred. I'm now short and any rallies that occur will be shorting opportunities.
Simple head and shoulders pattern has formed on the 4 Hour chart. Once the neckline support is broken, I'd say it's safe to enter short if you haven't done so already. Any minor rallies are worth selling into. Moreover, the uptrend line on the daily chart is now in danger of being compromised. In the event that happens, this pair has a long ways down to fall.
Euro's rally against the Yen has now over extended. The Euro has been sold off against the Dollar, Kiwi, Pound, and the Aussie. With today's selloff, we also have the bearish Stochastic crossover (10,6,6) further strengthening the case for a short position. Any rallies will be selling opportunities from here.
Continued rejections from this region. Aussie has also begun to make higher lows and higher highs which is indicative of a nice bottoming formation. All in all, this pair should head down once this cluster of consolidation breaks on the larger timeframe.
This pair has been forming what seems to be a bear flag for quite some time now. With the Kiwi now finally showing signs of life, my bias is that this pair will break out down soon.
EURJPY remains within the larger downtrend channel.