Backtested Performance

…om – Long 73.26 75.17 1.91 955 1237.50 74.70 1.44 720 2402.50 Jan 20, 2017 GBPUSD – Long 1.23605 1.25041 (Jan 23 – Jan 21/22 closed) 144 pips 1440 2677.50 1.25542 193 1930 4332.50 Jan 23, 2017 GBPUSD – Long 1.25041 1.25050 1 pip 10 2687.50 1.24839 -20 pips -200 4132.50 Jan 24, 2017 Cocoa (ICE CC Mar17) – Long 2201 2192 -9 -90 2597.50 2103 -98 pips -980 3152.50 Jan 25, 2017 Cocoa (ICE CC Mar17) – Long 2192 2132 -60 -600 1997.50 2109 -83 -830 2322.5…

Nasdaq100 (NQ) Testing 50% Fib Retrace of Post-US Election Rally Ahead of NFP

GBPUSD 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…

VIX (VX) Nearing Completion of Descending Wedge on Daily Chart

VIX (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…

Soybean (ZS) Reverses Initial Spike Down Post USDA Figures

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

…rt), it continues to make bottoming attempts. On the daily and 4hr charts, GBPUSD appears on the cusp of testing downchannel resistance (at roughly 1.49). The GBPUSD is also trying to form a higher low versus the mid March low (as seen in the daily chart). Weekly, daily and 4hr RSI, Stochastics and MACD are mostly bottoming or rallying. Please Register/Login to view the complete edition of Today’s Top 10 Trades. Each day, the top 10 setups and/or…

Natural Gas (NG) Rejected at Descending Wedge Resistance on Weekly Chart

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

…rently downsloping 4hr MACD green line. GBPUSD Weekly/Daily/4hr/Hourly The GBPUSD received a strong boost yesterday from BoE’s Mark Carney surprisingly positive tone on the UK economy and inflation comments. The GBPUSD broke above descending wedge resistance (on the weekly chart) and now sits at downchannel resistance (on the daily chart). In the 4hr chart, the GBPUSD is hugging an upchannel resistance line and will probably need a breather today,…

WTI Crude (CL) Retesting Downchannel Resistance on Weekly Chart on Sharp Rebound

WTI Crude (Wkly/Dly/4hr/Hrly) Charts

…s a horizontal resistance line (on the daily chart). On the 4hr chart, the GBPUSD is near ascending wedge resistance. Weekly, daily and 4hr RSI, Stochastics and MACD are mostly rallying, with the weekly MACD close to making a positive crossover. The GBPUSD will likely hesitate making any significant moves ahead of today’s Non-Farm Payrolls at 830am EST. EURUSD Weekly/Daily/4hr/Hourly The EURUSD continued its bottoming effort, surging over 150 pips…

Expect Volatility on EURCHF/Gold/Silver Following Swiss Referendum

Euro Weekly Chart

…orter timeframe charts below for a better idea of what might unfold today. GBPUSD Weekly/Daily/4hr/Hourly The GBPUSD was firmly rejected yesterday at 1.58, coinciding with upchannel resistance seen in the 4hr chart. The GBPUSD now sits at the same upchannel’s support line. Encouraging for the bulls are the weekly RSI and Stochastics, and daily MACD which are all turning up. These same momentum indicators on the 4hr chart, along with the daily RSI…

Strong Intraday Reversal on S&P500 (ES), Nasdaq (NQ)

Euro Weekly Chart

…s view the GBPUSD charts below for a better idea of what may unfold today. GBPUSD Weekly/Daily/4hr/Hourly The GBPUSD pulled back a bit yesterday before bouncing from the 50% Fibonacci retrace of the 3 day rally. The GBPUSD is now about to probe the descending wedge resistance line as seen on the weekly chart, along with the downchannel resistance line seen on the daily chart. The weekly and daily RSI, Stochastics and MACD are all trending up or be…

USDX Sitting Back Below 4yr Upchannel Resistance Ahead of FOMC

Euro Weekly Chart

…s view the GBPUSD charts below for a better idea of what may unfold today. GBPUSD Weekly/Daily/4hr/Hourly The GBPUSD erased all of the losses from the prior day yesterday, bringing it back above the key 1.57 level, and clearly above the descending wedge resistance line (as seen on the weekly chart). The GBPUSD is now just shy of the downchannel resistance line (seen on the daily chart). With the FOMC at 2pm EST today, near-term upside momentum is…

Arabica Coffee (KC) Daily MACD Positively Crossing

KC (Arabica Coffee) 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…