TOP50’sTOP10 (TRXUSD, MATICUSD, MANAUSD, SANDUSD, CROUSD, SOLUSD, FTTUSD, XTZUSD, LUNAUSD, DOTUSD)
Month: May 2022
Raw Sugar (SB) Weekly MACD Trying to Negatively Cross
Raw Sugar (SB) is trying to halt a 3 week plus slide from its 2022 high, but remains vulnerable to deepening in its consolidation and retesting the March low sometime in May. Nevertheless, SB does not appear to be forming a Double Top-like pattern (on the weekly chart) as the April high was comfortably above the November high (on the July contract)…
AUDUSD Bounces Off Just Above Key 0.70 Level
The AUDUSD surged roughly 100 pips yesterday on the back of the FOMC and US Fed rate hike, halting the correction from early April. Yesterday’s break above downchanel resistance (on the 4hr chart) dramatically increases odds for a break above descending wedge resistance (on the daily chart) by the weekend…
Natural Gas (NG) Consolidating Just Below Key 8 Level
Natural Gas (NG) is hesitating near the 2022 high tested yesterday, digesting the strong bounce in the past week. Although the highly anticipated weekly storage data (on Thursday) could very well spark a daily close above the psychologically key 8 whole figure level, healthy profittaking is moderately likely post-storage…
VIX (VX) Near Key 30 Level in Busy News Week
The VIX (VX) is consolidating after yesterday’s surge to the highest level in 2022. Although odds are moderate for a deep profittaking to kick in sometime this week, the VX appears to be gearing up for a higher May low versus the April low…
Wheat (ZW) Nearing Key 1000 level
Wheat (ZW)’s Bull Flag consolidation (or daily chart triangle) since early March is once again deepening, with ZW nearing the April low. Nevertheless, any strong bounce off downchannel support (on the 4hr chart) will likely coincide with a break above the daily chart triangle resistance…
FTX Token (FTT) Nearing 2022 Low
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