Traders work on the floor of the New York Stock Exchange. Getty Images The shows the honeymoon for President Donald Trump with the markets is over. A look at the index activity from 2016 until Jan. 29, 2018, shows daily ranges — low to high — are small and about the same size. The general […]

Oil pumpjacks in silhouette at sunset. The NYMEX oil price breakout above $66 comes as no surprise to traders who analyze the price charts. This price behavior sets the next price target near $76 and potentially higher. Readers will remember that we set $65 and $76 targets in oil notes in 2018 February. These conclusions […]

Hand holding gold bullion. Edgar Su | Reuters is exhibiting an untidy uptrend in price with the potential to breakout above the critical long-term resistance level near $1,364 and move toward $1,550. It’s the untidy nature of the uptrend, and the lack of confirmation from related commodities, that calls for more caution in trading gold. […]

Not every price chart adheres to the perfect exemplars of chart analysis, but sometimes they do. The daily Nikkei 225 chart is an almost perfect example of a Guppy Multiple Moving Average trend breakout pattern. Technical indicators include those that are purely mathematical in construction. A moving average crossover is an example. The crossover is […]

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 important […]

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 global […]

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. But […]

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 just […]

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 US […]

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 so […]