TOP50’sTOP10 (MATICUSD, ETHUSD, BNBUSD, ATOMUSD, XTZUSD, SANDUSD, MANAUSD, DOTUSD, SOLUSD, FTTUSD)
Polygon (MATICUSD) Bumps Against Key 1 Level
Month: July 2022
Arabica Coffee (KC) Weekly MACD Green Line Flattening
Arabica Coffee (KC) consolidated yesterday, closing near the June low. KC no longer appears to have made a Head & Shoulders (on the weekly chart) but is instead in the late stages of an extended Bull Flag consolidation…
Coffee Daily Jul 29, 2022
Arabica Coffee (KC) consolidated yesterday, closing near the June low. KC no longer appears to have made a Head & Shoulders (on the weekly chart) but is instead in the late stages of an extended Bull Flag consolidation…
GBPUSD Broke Weekly Chart Descending Wedge Resistance
The GBPUSD is making progress in forming a major bottom after bouncing off the psychologically key 1.20 whole figure level yesterday and surging above descending wedge resistance (on the weekly chart). Although odds are decent for a break to a fresh July high following the 830am EST release of the US advance GDP data and Friday’s US core PCE price index data, bulls should be prepared for a lower probability of a brief pullback before the weekend potentially to upchannel support (on the 4hr chart)…
Coffee Daily Jul 28, 2022
Arabica Coffee (KC) gained another near 3% yesterday, and is suddenly retesting the June low. KC no longer appears to have made a Head & Shoulders (on the weekly chart) but is instead in the late stages of an extended Bull Flag consolidation…
Coffee Daily Jul 27, 2022
Robusta Coffee (RC) consolidated yesterday just below the psychologically key 2k whole figure level, hesitating at a downchannel/downtrend resistance line (on the daily chart). RC no longer appears likely to form a fresh July low with its bounce off the 38.2% Fib retrace of the Bull Market from the 2020 low to the 2021 high (in December)…
Natural Gas (NG) Consolidating Near 2022 High
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S&P500 (ES) Weekly MACD Trying To Positively Cross
The S&P500 (ES) is hesitating in its effort at forming a multi-month low after arguably forming a second data point on a triangle resistance (on the daily chart). Nevertheless, ES appears to be merely consolidating its break last week above descending wedge/downtrend resistance (on the weekly chart from April to June)…
Coffee Daily Jul 26, 2022
Arabica Coffee (KC) rebounded more than 1.5% yesterday, trying to avoid sliding back to the psychologically key 2 whole figure level. Until KC sees a daily close above last week’s high, odds will remain elevated for a Head & Shoulders (on the weekly chart) completion…
Coffee Daily Jul 25, 2022
Arabica Coffee (KC) slid more than 4% Friday closing just above the psychologically key 2 whole figure level. KC is suddenly gravitating once again towards the 38.2% Fib retrace of June 2020 to February 2022 bull market (near 1.97)…