Silver (SI) Weekly MACD Green Line Flattening Ahead of FOMC Minutes

SI (Silver) Technical Analysis

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GBPUSD Daily MACD Trying to Positively Cross Ahead of UK, US Data

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…

AUDUSD Bounces 100 Pips Off Daily Chart Upchannel Support

SI (Silver) 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…

EURUSD Weekly MACD Trying to Positively Cross

EURUSD 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…

USDCAD Testing Daily Chart Triangle Resistance

USDCAD Technical Analysis

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US Dollar Developments

…y for the world’s central banks for decades, but the stablising of the Eurozone following its recent crisis, the acceleration of the internationalization of the Chinese Renminbi in the last two years, along with regaining in prominence of gold as a safe haven, have led to increasing speculation that holdings of the US Dollar by the global central banks will gradually diminish in favour of the Euro, Reminbi and gold. Previous Page (Chinese Yuan Rev…

Wheat (ZW) Ready to Resume Rally Following Pullback

Cotton (Wkly/Dly/4hr/Hrly/30min/5min) Charts

…ill look to re-enter my longs in the next day or so in the .635-.64 range. Gold (CME GC Dec14) sold off Friday on profittaking, and probably needs another day or so of consolidation before it is ready to push higher. The 4hr/hourly chart indicators appear to want to go lower. With Silver (CME SI Sep14) often correlating with GC during times of geopolitical stress, I decided Friday to go long 2 lots of SI at 20.038 as I expect it follow GC in its b…

Corn (ZC), Wheat (ZW) Longs Still Well Positioned Post-WASDE

Corn (Wkly/Dly/4hr/Hrly/30min/5min) Charts

…nd continues looking bullish on the weekly chart. I am long 1 lot at .645. Gold (CME GC Dec14) is now ready to continue its recent rally as its weekly, daily, 4hr and hourly charts all point higher. I am looking to position in favour of Silver (CME SI Sep14) however due to its greater volatility. Although flat at the moment from having traded in and out of longs, I have resting buy limits at 19.99 and 19.97. Given the monthly MACD positive crossov…

Busy News Day Ahead of US Thanksgiving

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

…e 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 by the horizontal resistance line in the same chart). The last poll on N…

Commodities Taking Breather Before Resuming Upside

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

…ekly USDJPY Weekly/Daily/4hr/Hourly Although I feel silver (CME SI Dec14), gold (CME GC Dec14) and GBPUSD are bottoming, I haven’t profiled their charts in today’s list as I still feel their trade setups offer slightly less favourable risk:reward versus my trade ideas presented below. As usual, I try listing as many tradable setups (which I consider trading during the day or week) that I can squeeze into one tweet. See my Stocktwits.com profile fo…