TOP50’s TOP10 (DOTUSD, NEARUSD, SOLDUSD, AVAXUSD, TRXUSD, XTZUSD, ATOMUSD, MATICUSD, ALGOUSD, FTMUSD)
Polkadot (DOT) Breaking 4 Month Descending Wedge Resistance
Arabica Coffee (KC) 2 Month Consolidation Near Complete
Arabica Coffee (KC) tacked on more than 2% yesterday, closing near the January high. Significantly, KC closed at downchannel resistance (on the daily chart) and has bounced off the weekly chart uptrend support…
EURUSD Tries Halting Weekly Chart Downchannel
The EURUSD is consolidating going into today’s European morning after 3 straight days of gains. Significantly, the EURUSD is once again trying to halt the downchannel (on the weekly chart), with a test of downchannel resistance coming as early as after today’s 745am EST release of the ECB’s Main Refinancing Rate and Monetary Policy Statement, or following the 830am EST ECB Press Conference…
Natural Gas (NG) Testing 61.8% Fib Retrace of Oct-Dec Slide
Natural Gas (NG) is trying to firm in its 3rd day of consolidating, edging back towards the psychologically key 5 whole figure level. Significantly, with NG testing the 61.8% Fib retrace of the October to December 2021 slide, odds are fairly elevated for a deeper consolidation to begin Thursday following the highly anticipated weekly storage data…
Nasdaq100 (NQ) Testing Daily Chart Downchannel Resistance in Busy News Week
The Nasdaq100 (NQ) rebounded a massive 3% plus yesterday, and is just shy of the psychologically key 15k whole figure level. Significantly, although NQ may break above downchannel resistance (on the daily chart) with today’s 10am EST US ISM Manufacturing data, Wednesday’s US ADP Non-Farm Employment Change, Thursday’s US ISM Services PMI or Friday’s highly anticipated US Non-Farm Payrolls (NFP), any further upside before the weekend will likely stall at the 50% Fib retrace of the November to January slide…
Corn (ZC) Testing 2021 High
Corn (ZC) is edging higher to start the week, but likely to begin consolidating as early as today as ZC nears upchannel resistance (on the 4hr chart). Significantly, although ZC could very well break above the May high by early February, after 10 straight green daily candles, ZC appears more likely to first take a breather…
Ethereum (ETHUSD) Testing Key 2500 Level
Ethereum (ETHUSD) is showing early signs of halting its crash from the November record high, but remains vulnerable to a further slide in February. Significantly, although ETHUSD has bounced off a 2 month downchannel support (on the daily chart) and reclaimed a prior uptrend support (on the same chart connecting the February and July lows), odds are elevated for ETHUSD to retest in February the psychologically key 2k whole figure level…
Raw Sugar (SB) Slides Back Below Weekly Chart Uptrend Support
Raw Sugar (SB) edged lower yesterday, continuing a roughly week long slide erasing last week’s gains. Significantly, with SB’s failure these past 2 weeks to hold onto prior uptrend support (on the weekly chart), SB appears poised to retest the January low by sometime in February…
GBPAUD Bounces Off Weekly Chart Triangle Resistance to Key 1.9 Level
The GBPAUD has surged in today’s Asia morning to a fresh January high, but now appears ready for a breather. Significantly, the GBPAUD is completing a 3 week ascending triangle (on the daily chart), and is poised to launch off prior triangle resistance (on the weekly chart)…
Gold (GC) Nears Daily Chart Upchannel Resistance Ahead of FOMC
Gold (GC) is consolidating in today’s Asia morning after yesterday’s break above triangle resistance (on the 4hr and daily chart). Significantly, today’s highly anticipated FOMC and US Fed rate announcement at 2pm EST could be the catalyst for GC to test the weekly chart triangle resistance…