Forex Analytix

The NASDAQ 100 reversed lower after first creating a short-term overthrow to the ascending wedge. This is something we often see happen in wedge formations, first trapping the bulls (or bears) and...

The rebound that started in November has lost its upside momentum and gold is now testing again the ascending T/L support at $2645. A break below this T/L opens the downside again for another leg...

Crude is testing a T/L support that has been holding since September. Between this and the L/T channel’s T/L resistance WTI is trapped in a symmetrical triangle. The medium-term trend is clearly...

The AUD/CAD has been trading in an ascending channel during the past 14 months. We are currently facing the probability of a bearish breakdown.  The pair is testing the confluence of the 61.8% Fib of...

The USD/JPY remains within the ascending channel with key support being at 151.60. The next upside target is the 78.6% Fib at 157.17. But today, we want to focus more on the potential of a breakdown...

Gold turned aggressively lower, finally starting a correction after a long period of appreciation. It is now testing the 1st important area of support, the confluence of the 78.6% Fib of the last...

The Dow Jones has spent the last 3 months appreciating within an ascending wedge. It is now breaking below it opening more downside for the index. We had already seen RSI divergences develop on the...

The EUR/USD market has spent the last 3 weeks depreciating within a 15-month-old symmetrical triangle. We are now getting very close to the trendline support which passes from 1.075. This is clearly...

Silver rebounded after re-testing the broken triangle’s T/L resistance as support. We are now approaching again the key $32.50 multi-year resistance at $32.50. A daily close above this level opens...

Bitcoin is now testing the 6-month channel’s T/L resistance confluence with the 78.6% Fib of the move down from the ATH to the August low. A break above the channel will signal the end of a half-year...

The Kiwi NZD/USD has retraced enough to back-test the L/T descending channel’s T/L resistance as support. This T/L is now confluence with the 61.8% Fib of the last move higher at 0.6050. This is...

Gold is testing the recent channel’s (bull flag) T/L resistance. A break above it opens the recent ATH at 2686 and above that $2708. Alternatively, a rejection here prolongs the correction lower but...

The S&P 500 has created a short rectangle just below the ATH. Support is the previous ATH at 5656 and resistance is at 5770. A break in either direction dictates the next move for the index but...

AUDNZD is one I’m looking at for an RBA/RBNZ play. We’ve seen the kiwi side weakening as lots of banks are calling a 50bp cut at the RBNZ meeting next week (9th October). There’s pros and cons to...

The US Dollar Index (DXY) made several attempts last week to push lower from the symmetrical triangle but they all failed. If that was not enough, this week, it reversed higher and is now threatening...

Gold is back testing the broken channel’s T/L resistance as support at $2627. Is such a shallow retracement sufficient for the metal to resume higher? Don’t dismiss the possibility given the very...