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Forex Analytix Forex Analytix

Forex Analytix's Opinion & Analysis.
Featured here: a complete archive of all posts and research produced by Forex Analytix, including current material.
Chart Of The Day: Bitcoin By Blake Morrow  - Aug 05, 2022 1

Bitcoin has been in a bearish consolidation since mid-June below the spike low in mid-May (25,400). Bitcoin bulls should take note since we have been in a minor ascending channel since June 18. The...

Chart Of The Day: EUR/USD By Blake Morrow  - Jul 03, 2022

The EUR/USD survived the "End of Month/Quarter/H1" flows as the market was widely expecting strong US Dollar buying into today. The EUR/USD reversed course from the 1.0400 probe below and by the end...

Chart Of The Day: ETH/USD By Blake Morrow  - May 13, 2022

Now that the Ethereum (ETH/USD) market has broken out of the long term ascending channel (2021-2022) the market looks poised to make a move to the 1300-1430 level. However, the Ethereum market did...

Chart Of The Day: S&P 500 By Blake Morrow  - May 10, 2022

If you have been following the Forex Analytix analysis for the last few months, you have known we have been looking at this chart for most of 2022. Now that we are breaking lower, there are a few...

Chart Of The Day: DAX By Blake Morrow  - Mar 29, 2022

The DAX is nearing the big breakdown point which also coincides with the 61.8% Fibonacci retracement level of the 2022 highs to lows.Also, there were many spike lows in the "resistance zone" as well,...

Chart Of The Day: U.S. Dollar Index By Blake Morrow  - Mar 02, 2022

The DXY (US Dollar Index) has maintained its bullish stance as the US dollar has caught a safe haven bid against some currencies amid the Russian invasion of Ukraine, and many are wondering if it can...

Chart Of The Day: Gold By Blake Morrow  - Feb 25, 2022

Yesterday, the gold market looked like it would be reaching above the $2000 in fairly short order, then the massive intraday reversal and close back below the $1915 breakout point may have been one of...

Chart Of The Day: SPDR® S&P 500 ETF By Blake Morrow  - Feb 03, 2022

Tuesday evening on the "Trade Off" show I did with Chris Weston from Pepperstone, I discussed the setup in the SPDR® S&P 500 (NYSE:SPY).After the close yesterday, Meta Platforms (NASDAQ:FB)...

Chart Of The Day: AUD/USD By Blake Morrow  - Feb 01, 2022 1

AUD/USD looks set to squeeze higher after a false breakdown of the key .7000 last week. The Dec. 20 low was at .7082 and a break above that level would put the 50-dma back to the test at the .7165...

Chart Of The Day: GBP/AUD By Blake Morrow  - Jan 11, 2022

I have a hard time playing a head and shoulder (inverted in this case) pattern without an "arm" to the left of the chart, but this pattern can't be ignored. The GBP/AUD is setting up a possible...

Chart Of The Day: NASDAQ 100 By Blake Morrow  - Jan 05, 2022 1

We start the new year with yields on the 10-year trying to breakout while the ZN bonds traded to levels we have not seen since the pandemic hit in 2020.The risk is while yields surge higher in...

Chart of the Day: GBP/USD By Blake Morrow  - Dec 28, 2021

Back on the Dec. 16, GBP/USD was the "Chart of the Day" as I warned the pair was set to squeeze higher. Yesterday, the same applied as the stock market—(S&P500)—closed at all time...

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