Forex Analytix

The major support spike low from September at the 21.35 level for spot silver held once again on Wednesday, which could set the stage for a rally near term. Resistance was at the 22.65 level and if...

The AUD/NZD is above the previous support from February at 1.0550 and also the descending trend line from March.This break higher is putting the 200 DMA in view, but the risk (while above the 1.0490...

EUR/NOK has been in a long term descending channel, and with the channel resistance at 10.4500 and the 78% Fibonacci retracement of the July high to October lows coming in at 10.4799, the risk is for...

The loonie probed stops above the 1.2800 level, at time of writing, and closed back below the daily trend line (triangle).Crude oil has been pounded lower and the risk is growing that a bounce in...

For the "chart of the day," the NZD has been my focus, and on Nov. 22, we noted how the NZD/USD looked bearish.The NZD/USD pair sold off about 2.5%, reaching a very key level of support yesterday...

I think what most traders missed this week about the EUR/GBP is that the pair actually challenged a slight descending channel support as we hit a new trend low. Daily RSI was divergent suggesting we...

On the daily FACE webinars for the last couple weeks we have noted huge resistance in the USD/JPY at the 114.70 level, but we have also warned that the pair had very shallow pullbacks, and while above...

We have been looking for levels to be long the USDJPY and the moves towards the 113.00 level continue to find buyers. The whole move in September looks very impulsive, which also means that dips may...

NZD/USD has broken the two-week consolidation lower as it was being held at the 61.8% retracement of the February 2021 highs to August 2021 lows at .7212.The break of the .7140 level trigged selling...

EUR/AUD has completed a head and shoulder pattern after it's breakdown a few weeks ago on Oct. 6th. The RSI is divergent, oversold as we hit the 88.6 Fibonacci retracement. The completion also comes...

The US 10-year bond market broke the wedge lower the last couple sessions and is getting comfortable below previous support (current resistance) at 103'26. The risk is a continuation lower to the...

USD/JPY broke higher out of a long term consolidation yesterday. When a move like this happens people want to know: 1) Will it continue? 2) Should I be a buyer? Today, I don't think the answers are...

The EURUSD is back on our radar. Back on Aug. 30, the EUR/USD was our "Chart of the Day" and we expected a move back to 1.1900. We hit 1.190X and reversed and now we are looking for a move that...

The EUR/AUD was trying to develop a head and shoulder pattern Monday, with key support (neckline) at the 1.5900 level. If you think stocks are "oversold" then you may want to look at the EUR/AUD and a...

A month ago, we had the NASDAQ 100 as our chart of the day and warned we were at the top of the channel with some strong divergent RSI. Since then, the index has rolled over and may be forming a...

After trading towards .7100 a few weeks ago, the AUD/USD has traded with a relative "bid tone" and is holding onto some strong technical levels near term. Although the pair has "underperformed" risk...