The GBPAUD is nearly complete in an ascending triangle (on the 4hr and daily chart), but appears in need of a breather before gravitating going into month end to the psychologically key 1.80 whole figure level. With the GBPAUD having reclaimed the 50% Fib retrace of the February to September slide, odds are suddenly moderate for a retest of the 2022 high by year end…
Arabica Coffee (KC) formed a third straight daily Doji yesterday, nearing completion on the triangle (on the daily chart). KC remains vulnerable to extending its downchannel (on the weekly chart), retesting the 50% Fib retrace of the July to August rally…
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Arabica Coffee (KC) formed a third straight daily Doji yesterday, nearing completion on the triangle (on the daily chart). KC remains vulnerable to extending its downchannel (on the weekly chart), retesting the 50% Fib retrace of the July to August rally…
The S&P500 (ES) is trying to hold last week’s fresh 2022 low after having given up all of last week’s first half gains. Although ES appears vulnerable to following the Nasdaq100 (NQ) in forming a fresh 2022 low, odds are rising for a multi-week bounce, where any break above downtrend resistance (on the daily chart) will dramatically increase the likelihood for a retest of the psychologically key 4k whole figure level sometime before month end…
Arabica Coffee (KC) formed a second straight daily Doji yesterday, closing near triangle support (on the daily chart). KC is vulnerable once again to extending its downchannel (on the weekly chart) after arguably edging below the 50% Fib retrace of the July to August rally…
Wheat (ZW) has gapped up almost 2% to start the week, and is trying to extend the upchannel (on the daily chart). ZW is more likely though to first continue last week’s consolidation going into the highly anticipated WASDE on Oct 12…
Arabica Coffee (KC) formed a daily Doji Friday, bouncing after a fresh intraweek low just above triangle support (on the daily chart). KC is hesitating in continuing the downchannel (on the weekly chart) as seen with last week’s weekly close at the 50% Fib retrace of the July to August rally, and with KC having formed a weekly Doji after the prior weekly Gravestone…
TOP50’sTOP10 (XRPUSD, MATICUSD, BNBUSD, ATOMUSD, ETHUSD, CROUSD, SOLUSD, XTZUSD, EOSUSD, BTCUSD)
Raw Sugar (SB) gained almost 3% yesterday, adding to Tuesday’s bounce off just above the 2022 low and closing near the August high. Any weekly close above downtrend/descending wedge resistance (on the weekly chart) dramatically increases the likelihood for SB to complete by year end, the major consolidation since last October (as seen more easily on a monthly chart on tradingview.com)…
