Forex Analytix

The S&P 500 was creeping higher since the end of December, but we kept reminding our members that the trend remained lower as long as we kept respecting the descending channel.Today's rejection...

Crude at a Major Pivot PointCrude Oil has reached a major pivot point of its move lower that started last year in March and we are about to find out if the trend higher will be restored or if we will...

The AUD/USD is testing the confluence of the 78.6% Fib and the ascending channel's T/L resistance ahead of the data tomorrow.A dollar bearish outcome (lower than expected inflation) should produce a...

The S&P 500 reacted strongly higher following the nonfarm payrolls with the only fundamental excuse being weaker wage growth. Today's price action puts that rally in question.The rebound higher so...

The USD/CNH reversed lower last October and rode the USD weakness. In early December we broke through an H&S formation pattern and after an S/T consolidation, we seem to be resuming the...

About To Break Higher?The US dollar index had a strong day to start the year and it is threatening a break higher after a 3-month move lower from the multi-year highs. We are currently testing the...

Following the Fed, Gold initially stalled and then turned lower from the ascending wedge's T/L resistance and is about to break down from here.Today we closed the day below the wedge and the 200DMA,...

10-Year US Yields About to Rebound Higher?The United States 10-Year Yields have been pulling back since toping back in October at 4.33% but are they about to rebound from current levels? The market...

Crude Is Stalling at the Confluence of SupportsCrude oil closed last week at a key confluence of supports ~$77 while completing a double top target. These are the 88.6%% Fib of the last bullish leg...

Gold is testing the key confluence of resistances at $1680. These are: the 61.8% Fib of the last leg lower, the 50DMA and most importantly the descending channel's T/L resistance. It is more than...

The EUR/USD was launched January of 1999. After the launch it came under pressure until June 2002, the EUR/USD broke out in an amazing fashion to eventually trade to 1.6000 over the next 6...

Gold is trading below the key support that has held since March of 2021. The issue here is that gold has not gone higher, despite the market being very bullish gold (and calling for higher prices) for...

The AUD/USD could trade to new 52 week lows. The AUD/USD is coming close to the mid July lows and the risk of a breakdown is highs for a couple reasons. The move on Sept. 13-14 last month did two...

Following the much stronger CPI data yesterday, you can easily see that the market was positioned for a weak data point, thinking that inflation may have peaked in July. The August data showed that...

The GBP/JPY (also known as the guppy) is breaking some horizontal resistance at the 166.42 level however should find some key resistance at the 127% extension of the July 27 high to Aug. 2 lows. This...

Some will tell you than all the news is "baked into the price" of an asset. Stocks, crypto and even currencies. And for the pound sterling, there has been an overabundance of "bad news" from high...