Both FX Indices have given substantial follow-through following last weeks reversal patterns and both have broken through 26-month trend lines. The clues offered on the FX Indices over the last three weeks should have greatly helped EUR/USD traders; did any of you catch these moves? Friday’s NFP gave a decent print on the jobs added […]

This post was prompted by an ATAA member asking for me to look back at charts of past market pullbacks and to try and find any recurring or identifiable chart patterns. I checked back through the S&P500 and ASX-200 and, whilst it wasn’t a chart pattern, a chart phenomenon did emerge: that being a pullback […]

Coronavirus-related fear has triggered pullbacks across many stocks but some sectors are likely to be more vulnerable than others: airlines are just one that come to mind. This article contains a few charts that I think are worth watching for any continued weakness and I’ve noted levels that I think are worth monitoring; not for […]

Last week: I had mentioned over recent weeks that we would need to wait and see the impact of Coronavirus on countries outside of China and last week proved to be a defining and pivotal week in this regard. The risk-off flows out of stocks and into the Yen were akin to the opening of […]

I had warned last week that the US$ index looked like it might be undergoing a technically-based moved lower in spite of other flight to safety moves and this is what has evolved. Markets are roiling with Coronavirus but there are two clear technical patterns that have emerged on the FX Indices this week. Caution […]