I have not given this ASX stock much consideration over recent years as price action has been in constant decline. The stock remains in the news but for all the wrong reasons. However, a recent mention in a Tweet got me looking over the charts of this stock once again. Regular readers of my material […]
Last week: The large number of Spinning Top weekly candles reflect the indecisive and choppy action that defined much of last week and meant that there were only a couple of decent trend line breakout trades. Many trading instruments are chopping around key horizontal levels which, at least, gives traders level to watch for any […]
The US$ closed higher last session and looks like it could be trying for a recovery: note the look of a bullish-reversal descending wedge on the daily chart. Watch today with US GDP to see if this impacts the recovery or not. Any bullish breakout will likely drag the commodity currencies lower.
There hasn’t been a whole lot of change since my recent update other than Gold pushing back up to the key $1,900 region. Will any new breakout above $1,900 be the one to take the metal higher? Time will, no doubt, tell. The RBNZ rate update is today so watch the NZD/USD for any impact […]
US stocks started the week with a positive tone as the slide in the crypto space slowed. There has been little change across most FX pairs though so keep watch for momentum-based trend line breakouts.