Matt Simpson's Comment & Analysis
A complete archive of Matt Simpson's articles, including current analysis & opinion - Page 3
A bullish hammer on the weekly chart, its failure to test its lower channel and an increase of bullish momentum suggests USD/CAD could be on the verge of breaking its corrective channel.
With markets expecting the Bank of Canada to hike in October, today's CPI data from Canada is a core focus for markets. We take a look at USD/CAD, GBP/CAD and NZD/CAD daily charts to highlight key...
GOLD Daily
Despite 5 spikes lower, gold has failed to close beneath $1,220 over the past 3 weeks.
This leaves gold vulnerable to a deeper retracement – use a break above $1,235.20 to...
With the summer months suppressing volatility, depending on your strategy, it can make for tough trading conditions. But, if seasonal charts are to be believed, our bi-polar friend (aka, volatility)...
After a minor retracement, bears did get the last laugh as they pushed gold through another level of support to a fresh year-to-date low. Yet, after stalling above key support, it could be time for...
In response to our prior Gold analysis, the shiny yellow metal’s trendline folded and a decisive break of $1,300 ensued. But since finding support around $1,260, can the bears take it to fresh...
Price action is creeping up the inside of a broken trendline and remains below a cluster of resistance. If bearish momentum is to return soon, a bearish flag could unfold to target the April lows.
Record oil production from the U.S. and expectations for OPEC to boost their output has taken its toll on oil this past week. Although had it not been for the weaker dollar, it could have found itself...
Last week's bearish engulfing candle below a pivotal area suggests a swing high may have been seen, with the longer-term trend pointing towards a break of the 2018 low.
A burst higher following two bullish hammers at range lows has AUD/CAD on our radar for a prolonged run.It would be fair to say that, at times, AUD/CAD hasn’t been the prettiest of charts to...