Gold and Silver are both hovering near major support levels ahead of Wednesday’s April FOMC meeting. The outcome of this meeting has the potential to shift the US$ and, thus, both of these metals. In this post I look at the charts of both metals and some of the key ETFs and stocks in an […]
The US$ is still adrift above a Bull Flag but below key 100 resistance. This indecision is rather frustrating for the impact it has across broader FX and so, if I could, I would rather like to stick some head phones on the index and subject it to this Eurovision UK winner hit for some key words […]
The USDX is struggling to get traction above the 4hr Cloud. The 100 level remains as resistance above current price.
The Aussie market closed higher today but still couldn’t manage a monthly March candle print above the key 6,000 level. This is no great worry but it would have been a nice psychological boost. However, the print of a monthly bearish-reversal ‘Hanging Man’ candle at this key resistance level may cause traders some market jitters.
I have been writing about how I am looking for a test of 4,800 on the NASDAQ index since this key level was broken at the end of last month. I had started to lose hope that a test would evolve but recent price action suggests that a deeper pull back might be in store and, […]