TOP50’sTOP10 (MATICUSD, AVAXUSD, BNBUSD, ETHUSD, ATOMUSD, XTZUSD, DOTUSD, SOLUSD, FTTUSD, BTCUSD)
Polygon (MATICUSD) Reclaims Key 1 Level
Cocoa (CC) Weekly MACD Trying to Positively Cross
Cocoa (CC) is in the advanced stages of forming a major bottom as it nears downchannel resistance (on the weekly chart). Nevertheless, after the strong bounce from the 2022 low in July, CC is due for a bit of healthy consolidation around the psychologically key 2400 whole figure level and December low…
Coffee Daily Aug 12, 2022
Arabica Coffee (KC) gained another more than 1.5% yesterday, closing above triangle resistance (on the 4hr chart). With KC suddenly at the highest level in a month, KC no longer appears at risk of retesting the psychologically key 2 whole figure level…
GBPUSD Weekly MACD Positively Crossing
The GBPUSD surged more than 200 pips yesterday from the day’s low to high, and is now retesting triangle resistance (on the daily chart). With the GBPUSD near complete in its consolidation just above descending wedge resistance (on the weekly chart), the major bottom that began forming in July is now in its advanced stages…
Coffee Daily Aug 11, 2022
Arabica Coffee (KC) surged more than 3.5% yesterday, closing at/near triangle resistance (on the 4hr and daily chart). With KC suddenly approaching the highest level in a month, KC no longer appears at risk of retesting the psychologically key 2 whole figure level…
Silver (SI) Weekly MACD Trying to Positively Cross
Silver (SI) is consolidating just above descending wedge resistance (on the weekly chart), making progress in its efforts to form a major bottom. Another weekly close above the psychologically key 20 whole figure level will dramatically increase the likelihood of a test sometime in August of the 38.2% Fib retrace of the March to July slide…
Coffee Daily Aug 10, 2022
Arabica Coffee (KC) edged up a 2nd straight day yesterday, trying to hold triangle support (on the daily chart). Any slide back below the lower end of the range over the last 3 weeks would dramatically increase the likelihood of a break of the psychologically key 2 whole figure level and a test of the 38.2% Fib retrace of the June 2020 to February 2022 bull market (near 1.97) in the week after…
Nasdaq100 (NQ) Weekly Gravestone @ 38.2% Fib Retrace of Jan-Jun Slide
The Nasdaq100 (NQ) is forming a weekly Gravestone, tiring in its Dead Cat Bounce near the 38.2% Fib retrace of the January to June slide. Although NQ is at moderate risk of getting rejected this week at downtrend resistance (on the weekly chart), odds are roughly equal for a further short squeeze in August to the 50% Fib retrace of the January to June slide…
Coffee Daily Aug 9, 2022
Arabica Coffee (KC) edged up more than 1% yesterday, forming a green daily Doji at triangle support (on the daily chart). Any slide back below the lower end of the range over the last 2 weeks would dramatically increase the likelihood of a break of the psychologically key 2 whole figure level and a test of the 38.2% Fib retrace of the June 2020 to February 2022 bull market (near 1.97) in the week after…
Wheat (ZW) Weekly Chart Descending Wedge Near Complete
Wheat (ZW) is trying to halt the deep slide since the 2022 peak in May. With the near completion on a descending wedge (on the daily chart), and ZW testing the 2022 low, odds are elevated for a bullish resolution post-WASDE to the near complete weekly chart triangle…