COTD: XAUUSD- Is Gold Losing Its Shine?
October 29, 2020

XAUUSD - Hourly XAUUSD - The London session saw a much weaker performance from XAUUSD today, as it plunged around 2% on the open to print a low of $1869 on the day. Perhaps as the US general election approaches, coupled with stimulus talk and...

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COTD: AUDCHF – Bearish Channel Dictates Trend
October 27, 2020

AUDCHF - 4HR AUDCHF - When looking at the daily chart for AUDCHF, there certainly appears to be signs of a bearish breakout building up for the pair. It's more of a longer-term trend that looks set to grind the price lower during the upcoming...

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DXY – Can The Dollar Rise To The Occasion?
October 21, 2020

DXY - Daily DXY - The daily Ichimoku chart displayed mostly indecisive moves throughout August and printed a low of 91.74 last month. It seemed DXY essentially tip-toed sideways as the market attempted to factor in both the US election event ...

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COTD: EURAUD – Buy Signal To End Choppiness?
October 20, 2020

EURAUD - Point & Figure EURAUD - The EURAUD pair has bubbled along since June without providing a clear directional bias. The price, caught within a range, has looked static and uninteresting, but that could all be about to change as we s...

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COTD: USDCHF – Selling Into The Dollar Rallies
October 14, 2020

USDCHF - Hourly USDCHF- With the US Dollar Index trending lower combined with generalised political tensions worldwide, USDCHF appears to be selling on rallies and attracting much of the risk-off flow. October has seen a steady decline for...

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COTD: EURJPY – Loss Of Momentum Weighs Heavy
October 13, 2020

EURJPY - 4HR EURJPY- Renewed selling interest in the EURJPY pair looks as if it may continue to lower levels during the upcoming sessions as the previous bullish technicals begin to waver. The four-hour chart above shows a validated bullis...

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COTD: CADJPY – Can Anything Prevent A Stronger Yen?
October 6, 2020

CADJPY - Weekly CADJPY -   An exciting pair to keep tabs on at the moment is CADJPY due to the barrage of fundamental drivers. Short-term higher oil prices boost the Canadian Dollar while Coronavirus concerns push for a stronger Japan...

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COTD: GBPAUD – Pound Finding Bearish Territory
October 2, 2020

GBPAUD - Hourly GBPAUD -   We saw GBPAUD attempt a stronger recovery last month, but it appears the Pound may not have the resolve to push higher as we enter into October. In today's Chart of The Day, we examine the hourly chart using...

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COTD: NZDUSD – Downside Pressure for the Kiwi
September 29, 2020

Since its initial fall back in March, NZDUSD has steadily climbed onwards and upwards as the US Dollar floundered. While it would seem there is still some demand for the Kiwi, several indicators suggest otherwise, and the pair may be in for an im...

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COTD: AUDCAD – Commodity Heavyweights on the Ropes
September 25, 2020

Today's Chart of The Day will focus on a longer-term trend reaching a pivotal moment in time. AUDCAD is notorious for ranging patterns as the two commodity-driven currencies battle it out for dominance, but one of these appears to have the upper ...

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COTD: BTCUSD (Bitcoin)
September 23, 2020

Early September, Bitcoin was the talk of the town, racing towards daily highs and stirring up speculative chatter of a bull rally in the not too distant future. In our Chart of The Day back on September 5th, we suggested a degree of caution due t...

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COTD: USDCAD – Finally! A Breakout of the Descending Channel
September 9, 2020

USDCAD - 4HR USDCAD - As news of increased Coronavirus cases in the US dominates the headlines, coupled with falling global oil prices, USDCAD has been a formidable one to analyse in recent times. However, we are finally starting to see some exciti...

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COTD: NZDJPY – Bullish Sentiment Shines Through
September 8, 2020

NZDJPY - 4HR NZDJPY As we start a fresh new trading week, NZDJPY has made our Chart of The Day on the four-hour time frame. We'll be examining the pair using the Ichimoku Cloud method. Despite the bearish tones presented in the shorter-term ...

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COTD: NZDJPY – Bullish Sentiment Shines Through
September 8, 2020

NZDJPY - 4HR NZDJPY As we start a fresh new trading week, NZDJPY has made our Chart of The Day on the four-hour time frame. We'll be examining the pair using the Ichimoku Cloud method. Despite the bearish tones presented in the shorter-term time f...

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COTD: BTCUSD – Bitcoin Bulls Feeling The Heat
September 5, 2020

BTCUSD - Point & Figure (BTCUSD) Bitcoin After a typically volatile week for Bitcoin, some traders are beginning to question whether the most recent rally towards $12,500 was merely a flash in the pan or perhaps signs of a spectacular rise brew...

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