Forex Analytix

The DXY (US Dollar Index) has maintained its bullish stance as the US dollar has caught a safe haven bid against some currencies amid the Russian invasion of Ukraine, and many are wondering if it can...

Yesterday, the gold market looked like it would be reaching above the $2000 in fairly short order, then the massive intraday reversal and close back below the $1915 breakout point may have been one of...

The 10-year bond market continued to fall today as yields broke the 2% level, highest levels since 2019. The market has been laser focused on the "2%" level in recent months.If you look at the 10-year...

Tuesday evening on the "Trade Off" show I did with Chris Weston from Pepperstone, I discussed the setup in the SPDR® S&P 500 (NYSE:SPY).After the close yesterday, Meta Platforms (NASDAQ:FB)...

AUD/USD looks set to squeeze higher after a false breakdown of the key .7000 last week. The Dec. 20 low was at .7082 and a break above that level would put the 50-dma back to the test at the .7165...

I have a hard time playing a head and shoulder (inverted in this case) pattern without an "arm" to the left of the chart, but this pattern can't be ignored. The GBP/AUD is setting up a possible...

All the talk in the market these days are that "rates are moving higher" globally, and they are not wrong. And when trying to gauge if the US bond market will continue lower (10-year yields towards...

The USD/JPY is going to be put to the test in the coming sessions. With yields on the rise following the FOMC minutes yesterday and stocks selling off as a response to higher rates, the USD/JPY will...

We start the new year with yields on the 10-year trying to breakout while the ZN bonds traded to levels we have not seen since the pandemic hit in 2020.The risk is while yields surge higher in...

Back on the Dec. 16, GBP/USD was the "Chart of the Day" as I warned the pair was set to squeeze higher. Yesterday, the same applied as the stock market—(S&P500)—closed at all time...

The major support spike low from September at the 21.35 level for spot silver held once again on Wednesday, which could set the stage for a rally near term. Resistance was at the 22.65 level and if...

The AUD/NZD is above the previous support from February at 1.0550 and also the descending trend line from March.This break higher is putting the 200 DMA in view, but the risk (while above the 1.0490...

EUR/NOK has been in a long term descending channel, and with the channel resistance at 10.4500 and the 78% Fibonacci retracement of the July high to October lows coming in at 10.4799, the risk is for...

The loonie probed stops above the 1.2800 level, at time of writing, and closed back below the daily trend line (triangle).Crude oil has been pounded lower and the risk is growing that a bounce in...

For the "chart of the day," the NZD has been my focus, and on Nov. 22, we noted how the NZD/USD looked bearish.The NZD/USD pair sold off about 2.5%, reaching a very key level of support yesterday...

I think what most traders missed this week about the EUR/GBP is that the pair actually challenged a slight descending channel support as we hit a new trend low. Daily RSI was divergent suggesting we...