Fx Charts

According to Thomas Harr, head of Asian FX strategy at Standard Chartered as reported by … “USD/SGD continues to advance inside the high Quality Triangle chart pattern identified by Autochartist on the daily charts. Autochartist rates the …

The Aussie gained ground over the Cad in late trading, eventually closing up 130pips from its week lows. The weekly and monthly charts both suggest the bullish bias to continue with both closing as strong inside bullish pin bars. In the weekly …

The gold market has been besieged by big sellers this week, culminating in a massive sell-off on Wednesday. At last check, COMEX gold futures had plunged $85, or 5.09%, to $1,585, which is $20 off of its lows for the session. The low of the day in gold…

May 4th brought our current yearly high, residing at 1.4938. Since this point on our chart, the EUR/USD has steadily moved to lower lows indicative of a downtrend. Today’s price action has taken the pair below the previous low of 1.3144 …

618 retracement level as printed in the December 1st edition of Chart of the Day. For five trading days the pair has negated to make new highs or new lows. These sideways conditions are conducive for range traders, looking to buy and sell …

By Paul Quintaro Benzinga Staff Writer In recent weeks, more and more investors and market commentators have come to question the continuing prospects of China’s economic growth. As China’s stock market has hit new lows, the idea that China…

“Stocks are off daily lows following latest positive US data, giving the GBP/USD strength enough to regain the 1.5600 area, currently testing 1.5630 strong resistance area, as per daily high along with 20 SMA in the 4 hours chart, the level should ho…

7950. Additionally, we have a series of lower highs and lower lows on the daily chart. The trend is shifting to the downside as prices are testing breakout points for a sell near .7635. (Created using FXCM’s Marketscope 2.0 charts) We will …

Note that the trade from the Aug 9th low at 1101 (also 38% retracement from the Mar 2009 low at 667) is seen as a correction (wave 4 in the fall from the May 2nd high at 1371, see numbering ondaily chart below), and targets eventual new lows.

The C wave is continuing underway and one of my longstanding targets is $1643, which is a Fibonacci fractal relationship to the prior lows and highs, and also conveniently fills in a “Gap” in the Gold chart in the 1650’s. During these 4th …