I’m home avoiding the heat today as temperatures are forecast to drift up to 40 degrees Celsius; that’s circa 104 in Fahrenheit terms. It’s the beach in the am and pm and charts and pool by the day. My latest scan of the Aussie XAO revealed a few new stocks which I’m keeping an eye on […]
Many stock indices are looking quite bullish at the moment and a few are in the process of breaking up through major resistance levels. This is how I am seeing them and, also, a couple of commodities and a few different stocks.
Last week’s suggestion to watch for any Flag breakout on Gold led to a potential 300 pips. The precious metal is looking bullish as the US$ stalls and this is what I’m watching for this week.
Gold has been holding up quite well of late given the strong US$ but, whilst the precious metal is still consolidating in a longer-term wedge pattern, some Gold stocks are attempting to make bullish trend line breakouts. Any developing US$ weakness would help to keep the metal and these stock breakouts supported so keep an […]
The GBP/USD has been consistently printing a cycle of lower ‘Highs’ and lower ‘Lows’ since mid 2014. The pair seems to have the perfect storm raging against it with US$ strength, helped along by the recent FOMC, and GBP weakness, courtesy of Brexit, and this would support continuation of this pattern. However, trends do not […]