Articles

COTD: EURUSD – Consolidation Before A Stronger Dollar?
September 22, 2020

EURUSD -Daily EURUSD Euro Dollar is a strange pairing at the moment in terms of directional bias. In today's Chart of The Day, we'll be looking at its current performance in the daily time frame. First up, we notice this long period of consolidation following some impulsive moves higher. This range of price action began back in late July o...

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COTD: GBPUSD – Negative Rates Talk As Indicators Converge
September 18, 2020

GBPUSD -4HR GBPUSD   The Bank of England announcement was expected by most to be a non-event today with interest rates left on hold, and this was partially true. The figures did remain on hold. However, the BOE's rhetoric following the release, namely the discussion of negative interest rates, sent traders into a tailspin. Given the c...

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COTD: Rio Tinto – Yearly Pivot Points In Action
September 17, 2020

RIO.AX - Weekly Rio Tinto (RIO.AX)   With the general commodities theme currently occupying markets, we thought it was time to include Rio Tinto (RIO.ax), one of the more significant resource-driven stocks from the ASX 200, as our Chart of The Day. On the candlestick chart above, we're looking at the weekly time frame as it best re...

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COTD: NZDCAD – Kiwi Trend Pushing Higher
September 16, 2020

NZDCAD - 4HR NZDCAD    In today's Chart of The Day, we view NZDCAD on the four-hour time frame as a battle of commodity-driven currencies emerges. While the New Zealand Dollar drifts higher against a weakened US Dollar, the Canadian Dollar remains down in the doldrums due to significantly lower global oil prices. On the chart abov...

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COTD: AUDJPY – Will a Stronger Yen Impact an Already Resilient Aussie Dollar?
September 15, 2020

AUDJPY As the Japanese Yen continues to strengthen on the back of reports suggesting Yoshihide Suga will become Japan's next prime minister, in today's Chart of The Day, we will look at how a stronger Yen may impact an already resilient Aussie Dollar. Without going into the fundamentals of recent Japanese politics, it seems reasonable to as...

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Laybuy (ASX: LBY): Another ASX BNPL
September 11, 2020

By Deepta Bolaky  @DeeptaGOMarkets After a solid debut on the Australian Securities Exchange (ASX) earlier this week, New Zealand buy now pay later company went on a volatile ride for its first week. Following the completion of an initial public offering (IPO) that raised A$80m at A$1.41/share with an indicative market capitalisation of A$246m...

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COTD: ANZ.AX – Anyone Banking On A Recovery?
September 10, 2020

ANZ.ax - Point & Figure ANZ.ax - In today's Chart of The Day, we take a look at ANZ (Australia & New Zealand Banking Group Limited), one of the 'Big 4' banks listed on the ASX 200. As the global pandemic continues to wreak havoc among the various business sectors, ANZ's share price has suffered considerable losses in recent months, as d...

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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 exciting moves in the pair, making it a clear choice for our Chart of The Day. Firstly, USDCAD has ...

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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 frames, including the drop of almost 100 pips since the beginning of September, the Kiwi Yen cr...

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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 brewing in the cryptocurrency. The Point & Figure chart above suggests that the bulls should ...

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COTD: XAGUSD – Is Silver Trying To Win Gold?
September 4, 2020

XAGUSD - Hourly (XAGUSD) Silver As one of the best-performing assets last month and indeed perhaps 2020 so far, Silver continues to dominate the headlines along with Gold as investors seek traditional safe-havens to park funds. In today's Chart of The Day, we examine XAGUSD to discover where the precious metal price may be heading. The fir...

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COTD: US DOLLAR INDEX – A Potential Risk-reward Setup For DXY Bulls?
September 3, 2020

DXY - Monthly (DXY) DOLLAR INDEX Sometimes it is the simplest of charts that turn out to be the most rewarding in terms of key market analysis, and in today's Chart of The Day, we've found the Dollar Index (DXY) on the monthly time-frame to be a perfect example of this idea. All we are focussing on is this validated bullish trend line that...

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COTD: FTSE100 – Downward Pressure as Sterling Strengthens
September 2, 2020

UK100 - Weekly UK100   Following the startling news today from the US, that the value of Apple's stock ($2.2trn) has now overtaken that of the entire FTSE 100 index of UK-listed companies, we've decided to look at the UK index using the weekly time-frame. Of course, the overriding theme is COVID-19, and while companies such as Apple and ...

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COTD: GrainCorp Ltd (GNC) – August Wheat prices driving stock?
August 31, 2020

GNC.ax - Daily GrainCorp Ltd  - (Daily) Our Chart of The Day comes from the Australian ASX today, looking at GrainCorp Ltd (GNC.ax) using the daily time frame. As a stock heavily linked to Wheat and commodity markets, it's always a good idea to check out what's happening in those spaces to understand potential goings-on behind the scenes ...

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PM Shinzo Abe’s Resignation, Abenomics, and Berkshire Hathaway Buys Stakes in Five Japanese Companies
August 31, 2020

By Deepta Bolaky  @DeeptaGOMarkets Prime Minister Shinzo Abe, Japan’s longest-serving prime minister officially resigned on Friday due to health issues after a few weeks of speculations. Amid a global pandemic, markets fret that his resignation may create a new period of political uncertainty for Japan. Since the announcement, a few minister...

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