TOP50’sTOP10 (AVAXUSD, LUNAUSD, ADAUSD, ATOMUSD, XRPUSD, BTCUSD, ETHUSD, CROUSD, SANDUSD, MANAUSD)
Avalanche Nearing 38.2% Fib Retrace of 2021 Bull Market
Month: March 2022
Raw Sugar (SB) Weekly MACD Trying to Positively Cross
Raw Sugar (SB) edged higher with its daily Gravestone yesterday, showing renewed efforts at halting the slide from last week’s high. Significantly, odds are high for SB to find support at the prior downchannel resistance (on the weekly chart), which also happens to be between the 50% and 61.8% Fib retrace of the early March rally…
AUDUSD Weekly Hammer Nearing Weekly Chart Downchannel Resistance
The AUDUSD is edging higher going into today’s European morning, breaking upchannel resistance (on the 4hr chart). Significantly, last week’s brief surge above downchannel resistance (on the weekly chart) strengthens the uptrend since February…
Natural Gas (NG) Weekly Hammer Bounces from Key 4.5 Level
Natural Gas (NG) is trying to edge higher going into today’s European morning as it breaks above a descending triangle resistance (on the 4hr chart). Significantly, NG is trying to bounce off the psychologically key 4.5 whole figure level and the 38.2% Fib retrace of the January to March bull market extension…
VIX (VX) Consolidating Just Above Key 30 Level Ahead of FOMC
The VIX (VX) is consolidating in today’s Asia morning yesterday’s surge from the psychologically key 30 whole figure level. Significantly, although the VX appears likely to retest its 2022 high (from last week) before month end, any headline around a Ukraine-Russia ceasefire or the FOMC and US Fed rate announcement Wednesday could first send the VX sliding back briefly to the 50% Fib retrace of the January-March rally…
Wheat (ZW) Testing 38.2% Fib Retrace of War Surge
Wheat (ZW) is consolidating to start the week, trying to halt the strong slide since Tuesday’s 2022 and record high. Significantly, although ZW is suddenly testing the 38.2% Fib retrace of the February to March rally extension, ZW appears vulnerable this week to further profittaking towards the psychologically key 1000 whole figure level…
Ripple (XRPUSD) Weekly MACD Trying to Positively Cross
TOP50’sTOP10 (XRPUSD, LUNAUSD, SANDUSD, BTCUSD, DOTUSD, NEARUSD, MANAUSD, FTTUSD, TRXUSD, AVAXUSD)
Cocoa (CC) Reclaims 38.2% Fib Retrace of Dec-Feb Rally
rally off the March low is ready for a breather. Significantly, CC has reclaimed the 38.2% Fib retrace of the December to February rally, and is ready for some healthy consolidation for next week…
USDJPY Bounces Off Weekly Chart Ascending Wedge Support
The USDJPY is trying to form its 4th straight day of gains going into today’s European morning. Significantly, the USDJPY has bounced strongly this week off the psychologically key 115 whole figure level and is now a day or so’s volatility from its 2022 high…
Gold (GC) Surges Above Key 2K Level To Near Record High
Gold (GC) appears ready to consolidate in the next day or so as it struggles to form a 5th straight green daily candle. Significantly, although odds are good for GC to break its record high (from 2020) before month end, GC will want to take a breather as it bumps up against upchannel resistance (on the 4hr chart)…