QM_Dubrovsky

QM_Dubrovsky

USD/CHF broke above a bullish Falling Wedge chart pattern, extending gains towards the target of the breakout. This follows broad US Dollar gains in the aftermath of the Fed rate decision. Learn more about Falling Wedges via DailyFX.com here - www.dailyfx.com A bullish crossover between the 20- and 50-period Simple Moving Averages offers a near-term...

QM_Dubrovsky

Boeing stock continues to be pressured by well-defined falling resistance from 2019, maintaining the dominant downside focus . Bullish crossover ( Golden Cross ) between the 2 0-day and 50-day moving averages seems to be around the corner, offering near-term upward bias. Further gains to place focus on March 2021 highs. A turn lower has the May low eyed, but...

QM_Dubrovsky Updated 

Silver continues to push higher after bottoming in late March, around the time US longer-term Treasury yields topped and transitioned into a consolidative state. On the 4-hour chart, XAG/USD is rising within an Ascending Broadening Wedge. A breakout to the downside could open the door to a resumption of the prior downtrend. The fundamental catalyst may be a push...

QM_Dubrovsky

USD/CHF has broken above a bullish Falling Wedge chart pattern, confirming the breakout. This also followed positive RSI divergence , showing that downside momentum was fading. This may open the door to resuming the dominant uptrend from the first quarter, in line with a fundamental view that the Fed may be less dovish than the SNB in the long...

QM_Dubrovsky

The New Zealand Dollar may rise in the aftermath of the RBNZ rate decision, where the central bank offered hints at a rate hike during the second half of 2022. It could capitalize particularly against the Japanese Yen, where the BoJ may remain more dovish in the long run. NZD/JPY is attempting to break above an Ascending Triangle, where confirming the breakout...

QM_Dubrovsky

USD/CHF has been in a near-term downtrend since the beginning of April, fundamentally initiated by a decline in US longer-term Treasury yields amid a dovish Federal Reserve. Prices have since been consolidating lower within the boundary of a bullish Falling Wedge chart pattern. A breakout to the upside could open the door to resuming the uptrend from January...