Author Archive | Dan Blystone


Bitcoin Falls Below 200 SMA to 5 Week Low

Bitcoin Daily Chart Bitcoin hasn’t had a day in which price closed higher since March 5th. On Thursday price is trading below the ‘line in the sand’ 200 period simple moving average on the daily chart, adding to the bearish technical scenario for the cryptocurrency. Bitcoin is now trading at the lowest level in over […]

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AUD/CAD Rallies to 11 Month Highs

AUD/CAD Daily Chart AUD/CAD reached fresh multi-month highs in early trading on Wednesday, reaching the highest levels since April of 2017. A Golden Cross pattern (bullish crossover of the 50 and 200 period simple moving averages) formed in late February, ushering in a sharp up move in price. The recent uptrend began in December of […]

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GBP/USD Breaks out Above Pennant Pattern

GBP/USD Daily Chart Cable has broken out to the upside of a well defined pennant pattern on the daily chart amid news that¬†Britain is very close to a Brexit transition deal with the European Union. Resistance looms overhead at the prior highs of 1.4068 and above that 1.4143. The uptrend line beneath forms support and […]

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