Category Archives: Charts of the Week

Trade Opportunities: Hang Seng Stock Index, AUDUSD

Hang Seng Index (HSI) Daily Candlesticks & Ichimoku Chart The Hang Seng Stock Index (Hong Kong) is trading better recently. It is currently testing the daily ichimoku cloud, and will be a strong positive sign should it manage a close above the cloud. Is this just shortcovering ahead of the meeting between Trump and Xi […]

Trade Opportunities: USDJPY, NASDAQ

USD/JPY Daily Candlesticks & Ichimoku Chart   SHORT  USD/JPY has broken into the daily Ichimoku cloud. Looking to sell rallies if opportunities should arise.   NASDAQ Composite Index (IXIC) Weekly Candlesticks & Ichimoku Chart The NASDAQ Composite Index has started the week badly, with the selloff sending it into the weekly Ichimoku cloud. The cloud has been […]

Trade Opportunities: AUDJPY, EURCAD

AUD/JPY Daily Candlesticks & Ichimoku Chart   SHORT  With the bearish close on Fri, shorting AUD/JPY with a stop above the recent highs gives us a good risk vs reward short based on the daily chart.   EUR/CAD Daily Candlesticks & Ichimoku Chart   SHORT  Last week, EUR/CAD tried to test the bottom of the daily Ichimoku clouds and […]

Trade Opportunities: EUR/JPY, NASDAQ

EUR/JPY Weekly Candlesticks & Ichimoku Chart SHORT EUR/JPY closed last week below the weekly Ichimoku cloud. Until it recovers to close above the cloud, sell on rallies is the way to go.   NASDAQ Composite Index Weekly Candlesticks & Ichimoku Chart The NASDAQ Composite Index has not traded below the weekly Ichimoku cloud since mid 2016. […]

Trade Opportunities: EUR/CAD, NZD/USD

EUR/CAD Weekly Candlesticks & Ichimoku Chart – SHORT As the economies of Canada and the Eurozone continue to diverge, EUR/CAD is likely to test much lower levels. The recent rally presents us with a good opportunity to get involved.   NZD/USD Daily Candlesticks & Ichimoku Chart – SHORT NZD/USD seems to be having trouble breaking […]

Trade Opportunities: NASDAQ, Bitcoin

Bitcoin (BTC) Daily Candlesticks & Ichimoku Chart  – LONG Bitcoin (BTC) jumped to hit highs of 7700-7800 within minutes yesterday before falling back to below 7000. A decisive close above the cloud could get very interesting.   NASDAQ Index Weekly Candlesticks & Ichimoku Chart As cautioned in last week’s report, a correction on NASDAQ is on […]

Trade Opportunities: NZD/USD, NASDAQ (8 Oct 2018)

NZD/USD Monthly Candlesticks & Ichimoku Chart NZD/USD looks set to test 2015’s lows of 0.6230-50. If that should break, it could be targeting 0.5000 and below.   NASDAQ Index Daily Candlesticks & Ichimoku Chart It’s been a while since NASDAQ tested the daily Ichimoku clouds. Caution is warranted if this should turn out to be […]

Trade Opportunities: USDCAD, DXY

USD/CAD Daily Candlesticks & Ichimoku Chart USD/CAD has gapped lower on Monday open because of news that US and Canada has finally reached a workable trade agreement. Breaking 1.2880 decisively, the downward trend is likely to resume and any rallies should be sold. If the market should try to close the gap, it would present […]

Charts of the Week (24 Sept 2018)

Chart of Spread between 10-yr and 3-month Treasury Yields vs S&P 500 Total Return Index Note: Periods of curve inversion (i.e. when the 3-month Treasury yield is higher than that of the 10-year yield) led to periods of correction in the S&P500 Index. Currently the spread is still far from inversion territory despite all the […]

Charts of the Week (17 Sept 2018)

NVIDIA Weekly Candlesticks & Ichimoku Chart NVIDIA produces chips that are used for gaming, AI and cryptocurrency mining. Knowing that, and seeing a chart like this, is there any reason not to get involved?   EUR/JPY Daily Candlesticks & Ichimoku Chart EURJPY has failed to convincingly sustain above 131.00 for months. Will the latest attempt fail […]