Category: Chart
-
Chart Art: Gold (XAU/USD) Aiming for Next Resistance?
•
The precious metal is testing an area of long-term interest and may consider moving higher! Could it hit the next ceiling at $2,400 from here? Take a look at the inflection points I’m watching for gold: Gold (XAU/USD) 1 hour Chart by TradingView Weaker-than-expected US jobless claims led to a…
-
Treasury yields rise after US 10-year auction. Chart consolidates
•
US 10-year returns Where do 10-year returns belong? In the past year, they have traded from 3.7% to 5.0% as the market faces questions about future inflation and interest rates. The midpoint of this range is 4.35%, which is just below 4.49% currently. Yields rose 2 basis points today after…
-
GBPUSD Technical Analysis – A look at the chart ahead of the BOE decision
•
Basic overview The US dollar has weakened across the board recently due to a more dovish than expected FOMC decision last week as the Fed decided to signal a further tapering of the QT period starting in June and Fed Chairman Powell repeatedly rejected expectations of a rate hike. Furthermore,…
-
Chart Art: WTI Crude Oil (USOIL) Head and Shoulders Breakdown
•
Did you miss the neckline breakdown on crude oil? Here are some retracement levels you can watch for if you are still bearish on the commodity. West Texas Intermediate (USOIL) Chart by TradingView Easing geopolitical conflict in the Middle East and a surprise increase in EIA crude oil inventories sent…
-
Chart Art: Will Bitcoin (BTC/USD) Extend Its Downtrend?
•
Bitcoin is having trouble making new highs above the $65,000 mark! Will this extend the BTC/USD price in its weeks-long downtrend? We take a closer look at the 4-hour chart: Bitcoin (BTC/USD) for 4 hours Chart by TradingView If you’ve read our latest Daily market summary You will then learn…
-
Chart Art: USD/CHF Channel Correction Levels
•
I see a textbook trend setup on the 4-hour time frame for USD/CHF. Will we see another channel bounce this time? Or is it the opposite of the cards? USD/CHF Forex 4 Hours Chart by TradingView ICYMI The May FOMC statement led to a significant decline in the US dollar,…