Forex Analytix

AUD/USD was developing a triangle pattern yesterday. We are near the APX of this pattern and a breakout may be imminent. In recent weeks, I have been bearish, anticipating a head and shoulder pattern,...

The NASDAQ Composite is developing a  nice bullish wedge (consistent highs and higher lows) is developing, and with yesterday's move lower the wedge support at the 50% retracement at the 13291...

The EUR/JPY has struggled to make much gains above the 130.00 level the last couple weeks despite “risk assets” like the US equity markets surging to all time highs. If you are bullish,...

The Nikkei 225 should be in focus near term as the Japanese market is setting up a symmetrical triangle.With the big moves in the JPY overnight with USDJPY back below the 108.35 support and Some of...

Cryptos have been hot! With the Coinbase (NASDAQ:COIN) IPO, Coinbase surged on its first day trading and it took higher most of the "crypto space" and Ethereum was one of the leaders.The breakout...

After holding the dip at 1680, we are back at the 1760 resistance which could signal a move back to the 1840 level on a close above this resistance tomorrow. In currencies, the USD/JPY has a strong...

AUDUSD has been on the radar as a short since last week at the .7850s from last week as we have been stalking this long term head and shoulder pattern. Now that we are back near the .7600 level...

The DJI or Dow Jones Industrial Average has been out of the spotlight as the market continues to watch the S&P 500 hit new all time highs and see traders rotate out of the high fliers in the...

The EUR/USD is in a slight descending channel with resistance near the 1.1900 level. Eventually we do think the EUR/USD will trade above the 1.2000 level again, but it is unclear if we can break the...

The Sterling has been quietly rallying as we near some key resistance from the 1.3300 to the 1.3500 levels. 1.3322 is the 78% retracement of the Sept 1 high to Sept lows. Above that is the underside...

Typically, at this point, I would look at the USD/CNH  and say "that is a double top" which points towards the 6.5000 level or lower. However, the daily RSI is very divergent which is a big...

Since the beginning of August, the 105.00 to 107.00 range has dominated the USD/JPY in recent weeks but the range may be tightening on the daily charts. There is an ascending trend line coming in...

I try not to do much technical analysis on the volatility index VIX but it is worth noting a couple things. We are elevated, and while we are well above the 20 level, the risk remains high for a...

The USDMXN is breaking lower out of an ascending wedge it had been forming for the month of June. If you notice, the 38% retracement of the spike highs in March to the lows in June come in at the...

The NZD/JPY has held the 200 DMA for the last couple of days as we have pulled back to test this level. It also coincides with the 38% Fibonacci retracement of the mid-May lows to June highs. As long...

The USD/CHF broke lower out of the triangle last week and we have been cracking through support levels ever since. However, we are coming into the 50% retracement of the March spike lows to March...