Wheat (ZW) Daily MACD Positively Crossing

ZC (Corn) Technical Analysis

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GBPUSD Forms 2nd Daily Doji Ahead of UK GDP Data

AUDUSD Technical Analysis

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 inspirin…

GBPJPY Coils Ahead of BoJ and UK Manufacturing PMI

AUDUSD Technical Analysis

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 inspirin…

A50 (CN) Testing Ascending Triangle Support on Daily Chart

A50 (Wkly/Dly/4hr/Hrly) Charts

Please Register/Login to view Today’s Top 10 Trades. Each day, the top 10 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 inspir…

GBPUSD Breaks Above Downchannel Resistance on Daily Chart

GBPUSD (Wkly/Dly/4hr/Hrly) Charts

Please Register/Login to view Today’s Top 10 Trades. Each day, the top 10 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 inspir…

Corn (ZC) Breaks Downchannel Resistance on Weekly and Daily Charts

Corn (Wkly/Dly/4hr/Hrly) Charts

…week’s break above downchannel resistance (on the weekly chart). With the AUDUSD tiring at ascending wedge support (on the 4hr chart), bulls should temper their enthusiasm today as the AUDUSD may be vulnerable to more profittaking before resuming its rally. The daily and 4hr RSI and Stochastics are consolidating following Friday’s strong rally, while the weekly RSI, Stochastics and MACD and daily MACD are rallying. WTI Crude (CME CL May15) Weekly…

USDX (DX) Claws Back Most of Losses Post-FOMC

Natural Gas (Wkly/Dly/4hr/Hrly) Charts

…uptrend support (as seen on the 4hr chart). In today’s Asian session, the AUDUSD has so far retraced roughly 38.2% of the selloff that followed the initial rally post-FOMC. Although the AUDUSD was rejected at the downchannel resistance line (seen on the weekly chart), the weekly, daily and 4hr RSI, Stochastics and MACD continue bottoming. EURUSD Weekly/Daily/4hr/Hourly The EURUSD unwound pretty much all of its post-FOMC gains yesterday, but has b…

Trading Subdued Today w/ US/Canada/France Bank Holiday

AUDUSD (Wkly/Dly/4hr/Hrly) Charts

AUDUSD Weekly/Daily/4hr/Hourly After a bit of a dip yesterday, the AUDUSD has begun bouncing back in today’s Asian session, and now sits around channel support (as seen on the daily chart). Within the 4hr chart, AUDUSD can be seen testing a downchannel resistance line, and assuming it breaks above it, could be targeting the downtrend resistance line seen on the daily chart in the .875 zone. The RSI, Stochastics and MACD on the weekly, daily and 4…

WTI Crude (CL) Lagging Other Commodities in Bottoming

Silver (Wkly/Dly/4hr/Hrly) Charts

AUDUSD Weekly/Daily/4hr/Hourly The AUDUSD pushed higher yesterday and now appears to be on the verge of breaking a symmetrical triangle as seen in the 4hr chart. In the daily chart, AUDUSD is edging towards channel resistance around .8875. The weekly, daily and 4hr RSI, Stochastics and MACD are all bullishly sloping up or about to now. Euro Philadelphia Index Weekly The weekly Euro index has bounced off nicely from the recent low at 125 and may b…

Cotton (CT) Ready to Resume Upside

Cotton (Wkly/Dly/4hr/Hrly) Charts

…ive towards a resumption to the upside. AUDUSD Weekly/Daily/4hr/Hourly The AUDUSD edged higher slightly yesterday and is increasingly rangebound (as seen in the daily chart). Expect volatility to spike once AUDUSD breaks above the symmetrical triangle as seen in the 4hr chart. The weekly, daily and 4hr RSI, Stochastics and MACD are all bullishly sloping up or about to now. British Pound Philadelphia Index Weekly GBPUSD Weekly/Daily/4hr/Hourly Silv…