[ad_1] John Phillips | Digital Editor | CNBC Market contradictions can be interesting, but irrelevant, or interesting and significant. The behavior of the Australian dollar is one of those contradictions. On the one hand the Australian market is making new 10 year highs. This is generally taken as a sign of economic strength. Its particularly […]

[ad_1] A £10 note is seen alongside euro notes and US dollar bills. Matt Cardy | Getty Images The carefully negotiated structure of global rules and trade treaties are being torn down, dismantled and disregarded by the United States which is unilaterally making up new rules and conditions. This is not a spectator sport. All […]

[ad_1] Drew Angerer | Getty Images News | Getty Images A double bottom pattern is developing in the . While that’s a bullish, dominant pattern in the index, its development is slow, indecisive and uncertain. That suggests it will run into strong resistance around the level of the double top pattern created in early 2018. […]

[ad_1] Pumpjacks in an oil field. Paul Giamou | Aurora | Getty Images The NYMEX oil price has pulled back sharply from $72 to around $66, but that is taking place within the environment of a well-established uptrend. In fact, the chart suggests that the pullback is not a change of trend, but it’s instead […]

[ad_1] U.S. dollar bank notes are arranged for a photograph on September 7, 2017 in Hong Kong. studioEAST | Getty Images In April we were bearish on the dollar with the chart suggesting a downside target near 0.85 was a possibility. Support near 0.885 had no historical precedent so traders were ready to short the […]

[ad_1] Hand holding gold bullion. Edgar Su | Reuters Gold has developed a clear downside trend break away from the strong resistance level near $1,364. Many gold traders were waiting for a breakout above the critical long term resistance level near $1,364 and a move toward $1,550. However, the uptrend was untidy in its behavior […]

[ad_1] The Dow does not like what it sees as trade tensions rise, according to Daryl Guppy. [ad_2] Source link

[ad_1] The pullback in oil prices takes place within the environment of a well-established uptrend, writes Daryl Guppy. [ad_2] Source link

[ad_1] A woman walks at the Bund in front of the financial district of Pudong in Shanghai, China. Aly Song | Reuters The Shanghai index retreated and then broke out this month, and that’s a bullish signal for the market. The pattern confirms that the rally from the low of 2,691 is part of an […]

[ad_1] Mariya Gordeyeva | Reuters Traders who went short gold in May are beginning to consider covering their short positions. The collapse of the gold price was a classic trend change. It started with a retreat from a strongly defined resistance level near $1,365. It continued with a move below the long-term uptrend line that […]