Please Register/Login to view today’s complete Newsletter. Euro Philadelphia Index Weekly As the Euro index chart hasn’t refreshed since yesterday due to the US Thanksgiving holiday, the following notes for the Euro index are unchanged from yesterday’s. Euro index finally began receiving some respect yesterday with a clear break above 1.25 after several weeks of consolidation. The Euro index is just a whisker away from a weekly MACD positive cros…
…w likelihood of a “Yes” majority, and hinted with the increasingly bullish EURCHF technicals last week. With the major headline item out of the way, the EURCHF appears poised to test the horizontal resistance line drawn on the daily chart. Encouraging for EURCHF bulls, the weekly and daily RSI, Stochastics and MACD are all turning up. Please Register/Login to view today’s complete Newsletter. As usual, I try listing as many tradable setups (which…
EURCHF Weekly/Daily/4hr/Hourly EURCHF didn’t see the SNB intervention yesterday that market watchers have been widely expecting. I continue to anticipate the intervention around the 1.2 level, and will hold my current long at 1.208 for now. Note the risk of the EURCHF falling towards the bottom of the downchannel as seen in the weekly chart below, along with the roughly 60 pip gap to 1.2. Arabica Coffee (ICE KC Dec14) Weekly/Daily/4hr/Hourly KC s…
…selling the Swiss Franc over the last few years in its defence of the 1.2 EURCHF level, expectations are that the SNB will want to diversify out of some of its Euros into US dollars before Jan 22. Not much has changed on the weekly Euro index chart below from yesterday, so let’s review the shorter timeframe charts below for a better feel for what may unfold today. EURUSD Weekly/Daily/4hr/Hourly The EURUSD is currently testing the December low, an…
Please Register/Login to view today’s complete Newsletter. Euro Philadelphia Index Weekly The Euro index finally began receiving some respect yesterday with a clear break above 1.25 after several weeks of consolidation. The Euro index is just a whisker away from a weekly MACD positive crossover, with the results of a positive divergence in play between the weekly RSI, Stochastics and price finally unfolding. Also encouraging for bulls, the weekly…
…e Newsletter. EURCHF Weekly/Daily/4hr/Hourly Not much has changed with the EURCHF since yesterday, as the market remains on hold ahead of the Swiss gold referendum this Sunday. The EURCHF sits only 26pips (as of the time of this writing) from the key 1.2 level which the SNB has vowed to defend. Now that the EURCHF has grinded above a descending wedge resistance line seen in the daily chart, its next upside target appears to be 1.2050 (as suggested…
Please Register/Login to view Today’s Top 3 Trades. Each day, the top 3 setups and/or momentum trade ideas (from the Watchlist) is presented. All markets analysed are ordered by how favourable the risk:reward presented by the trade idea appears, with the market listed at the top deemed at the time the screenshots are captured to be the highest conviction trade for the day. As many of the trade setups and momentum plays are ongoing ideas inspiring…
…e bounce from the poll ahead of the Swiss gold referendum. Either way, the EURCHF remains only 27pips (as of the time of this writing) from the key 1.2 level which the SNB has vowed to defend. Now that the EURCHF has grinded above a descending wedge resistance line seen in the daily chart, its next upside target appears to be 1.2050 (coinciding with the horizontal resistance line in the daily chart). As November 30 fast approaches, all eyes will b…
…ide as seen by the yellow circle drawn. EURCHF Weekly/Daily/4hr/Hourly The EURCHF is fast approaching the descending wedge resistance line in the weekly chart, along with the horizontal resistance line drawn in the daily chart. With near-term upside limited, fatigue may set in today in the context of the 4hr chart, where the EURCHF is nearing the end of an ascending wedge. Fueling bulls is the increasing momentum seen on the weekly and daily RSI,…
…frames are all trending up or about to. EURCHF Weekly/Daily/4hr/Hourly The EURCHF was close last week to testing the key 1.2 level which the SNB (Swiss National Bank) has vowed to defend. It has since lifted above a descending wedge resistance line seen in the daily chart, and has reclaimed the support of another descending wedge as seen in the weekly chart. As November 30 fast approaches, all eyes will be on the outcome of the Swiss referendum on…
