Last week: It was a rather slow week for trend line breakout trades. This wasn’t too surprising given all the indecision-style weekly candles printed in the previous week and as traders patiently waited for news about a US stimulus package and post-Brexit trade negotiations to guide their trading. All four of the major US stock […]
It has been a busy day for chart requests here so you’re lucky I was home making my Christmas pudding! I have been asked to review Appen Limited which is a tech stock listed on the ASX. Once again, my analysis is technical and based off price action. Make sure you do your own due […]
I am long on record as having a bullish bias on the AUD/USD; ever since it made a bullish breakout from a Descending Wedge back in Late June 2020. I have been asked to review the AUD/USD so this bullish bias needs to be understood within that context.
I have been asked to review the charts of Silver Lake Resources Limited: Ticker: SLR.ASX. Despite the Silver in the name, the company is primarily involved in the exploration and production of gold and copper deposits within Australia. I start my technical chart analysis with a look at how Gold is performing and, then, offer […]
The US$ was lower after the FOMC update and the Fed commitment to continue support as traders now wait for a decision about US Covid relief. Many instruments are little changed and hovering near key levels but Bitcoin seems to be bucking the trend with a continuation move after the recent breakout from the Bull […]