A new format for Crypto Weekly Outlook is taking form, where in light of the rapidly emerging and evolving opportunities in other top 50 coins (other than Bitcoin, Ethereum and Ripple), Crypto Weekly Outlook will 3 Sundays out of each month, provide technical analysis on 10 coins from the top 50 (in market cap) which appear the most interesting for the coming week. Only coins that have above average fundamentals over the long run will be selected…
Arabica Coffee (KC) consolidated the upchannel (on the 4hr chart) yesterday closing where KC may form a 2nd data point to a triangle/downchannel resistance (on the daily chart). Significantly, KC appears poised to break above last week’s high, with high odds for a retest of the 2021 peak sometime in January…
The AUDUSD is rallying in today’s Asia morning on the 730pm EST release of Australian employment data, adding to yesterday’s bounce off uptrend support (on the 4hr chart). Significantly, although the AUDUSD remains within a downtrend (on the weekly chart), a daily close above triangle resistance (on the daily chart) would dramatically increase odds for a test of the weekly chart downtrend resistance in the week after…
Natural Gas (NG) is trying to bounce off uptrend support (on the 4hr chart) in today’s Asia morning, making progress in recovering after Thursday’s strong profittaking. Significantly, NG is extending Friday’s rebound from just above the psychologically key 4 whole figure level, with the catalyst for testing triangle resistance (on the daily chart) coming as early as Thursday’s highly anticipated weekly storage data…
The Nasdaq100 (NQ) is consolidating in today’s Asia morning, nearly complete on a triangle (on the 4hr and daily chart). Significantly, although NQ bounced off uptrend support (on the weekly chart), the lower January high so far versus the December high, suggests that the triangles on the 4hr and daily chart are a Bear Flag consolidation…
Corn (ZC) bounced almost 1.5% Friday off the January low, closing just shy of the psychologically key 600 whole figure level. Significantly, although the daily chart triangle is near complete and can resolve either direction, ZC does not appear to want to correct deeper than where it broke above triangle resistance (on the weekly chart)…
Register/Login to view Crypto Weekly Outlook. A new format for Crypto Weekly Outlook begins Dec 5, 2021, where in light of the rapidly emerging and evolving opportunities in other top 50 coins (other than Bitcoin, Ethereum and Ripple), Crypto Weekly Outlook will 3 Sundays out of each month, provide technical analysis on 10 coins fromRead More
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The EURUSD is consolidating in today’s Asia morning after yesterday’s roughly 100 pip gain from the day’s low to its high. Significantly, the EURUSD has broken above the December high and downchannel/descending wedge resistance (on the weekly chart)…
Natural Gas (NG) is gaining for a 2nd straight day, extending the upchannel (on the 4hr chart). Significantly, NG has halted its slide since October by breaking above downchannel resistance (on the weekly chart), and is testing downtrend/triangle resistance (on the daily chart)…
