Chart of the Day

CHFJPY is testing 133   CHFJPY is testing 133 rising wedge upside resistance. A break below 132 is required for the rising wedge downside breakout and the start of a downside reversal toward the 128 and 121 levels. Short-term 133 on the upside and 128 on the downside are the […]

NZDUSD is retesting the broken resistance   NZDUSD is testing the downside support of 0.6500 a previously broken resistance  This downside support is essential for the extension lower. A break below 0.6400 is required for the downside extension acceleration. This upside retrace should be used for the short trade entries.

AUDUSD being rejected by the confluence of support   AUDUSD is testing the downside support 0.7050-0.7100 zone.  Hold of 0.7100 downside support level is important for the downside continuation and a final swing lower to 0.6000. A break below 0.7000 will lead to an acceleration of the downside extension. Note:

EURUSD testing 1.07000   EURUSD is reaching the 1.07000 level.  Here we have the confluence of the support for the extension lower to parity, a falling trend line, and a previous horizontal resistance. A break below 1.0600 will lead to a reversal downside from here. Only a break above the

DXY testing the strong upside support   DXY is testing the support 101.5-102 zone.  Hold of 101 support level is important for the upside continuation and a final swing higher to 108. A break below 101 can lead to a deeper pullback into 99. An immediate break above 103 will