AUDUSD Approaching Downchannel Resistance on Weekly Chart

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

…mostly rallying and the weekly MACD on the verge of a positive crossover. A50 (SGX CN Mar15) Weekly/Daily/4hr/Hourly CN’s selloff yesterday leaves it near the 50% Fibonacci retrace of the rally from 10000 to 11025. CN sits under former upchannel support (now resistance on the 4hr chart), after having been firmly rejected by downchannel resistance on the weekly and daily charts. Daily Stochastics and 4hr MACD remain bearishly downsloping, while da…

AUDUSD Continues Surge Above Downchannel Resistance on Weekly Chart

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

Please Register/Login to view the complete edition of Today’s Top 10 Trades. As some of the weekly charts in Today’s Top 10 Trades do not have much price history, 10 five year weekly charts are now being analysed for each upcoming week and published each Saturday by around noon GMT. The Videos contain technical analysis on the 10 markets chosen from the Watchlist deemed most likely to provide a trend reversal or ongoing momentum in the coming wee…

Corn (ZC) Breaks Downchannel Resistance on Weekly and Daily Charts

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

Please Register/Login to view the complete edition of Today’s Top 10 Trades. As some of the weekly charts in Today’s Top 10 Trades do not have much price history, 10 five year weekly charts are now being analysed for each upcoming week and published each Saturday by around noon GMT. The Videos contain technical analysis on the 10 markets chosen from the Watchlist deemed most likely to provide a trend reversal or ongoing momentum in the coming wee…

WTI Crude (CL) Breaks Downchannel Resistance on Weekly Chart

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

Please Register/Login to view the complete edition of Today’s Top 10 Trades. As some of the weekly charts in Today’s Top 10 Trades do not have much price history, 10 five year weekly charts are now being analysed for each upcoming week and published each Saturday by around noon GMT. The Videos contain technical analysis on the 10 markets chosen from the Watchlist deemed most likely to provide a trend reversal or ongoing momentum in the coming wee…

Soybean (ZS) Reverses Initial Spike Down Post USDA Figures

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

Please Register/Login to view the complete edition of Today’s Top 10 Trades. Soybean (CME ZS May15) Weekly/Daily/4hr/Hourly ZS experienced a wild session yesterday on the back of the USDA figures, with initial sharp downside followed by a strong rebound. ZS has broken above a former upchannel support (on the 4hr chart), and formed a double bottom yesterday versus the mid March low (on the daily chart). It’s still a bit premature to call a higher…

US Dollar Index (DX) Breaking Triangle Support on Daily Chart

USDX (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 inspiri…

AUDUSD Week Long Rally Tiring

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

Please Register/Login to view the complete edition of Today’s Top 10 Trades. AUDUSD Weekly/Daily/4hr/Hourly The AUDUSD edged higher yesterday but is increasingly tiring as it’s been clinging close to upchannel resistance (in the 4hr chart) and as it challenges the horizontal resistance around .775 (as seen in the daily chart). With the weekly and daily RSI, Stochastics and MACD mostly rallying, consolidation today will likely be followed by more…

Gold (GC) Continues Moderating in Downtrend

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

Please Register/Login to view the complete edition of Today’s Top 10 Trades. Gold (CME GC Jun15) Weekly/Daily/4hr/Hourly GC bounced Friday after several days of downward pressure. GC is now in the middle of a slightly negatively sloping descending wedge (on the weekly chart). Weekly, daily and 4hr RSI, Stochastics and MACD are mostly rallying. Silver (CME SI May15) Weekly/Daily/4hr/Hourly SI rebounded Friday off support near 16, and is gravitatin…

S&P500 (ES) Rejected at Resistance Just Below 2015 High

S&P500 (Wkly/Dly/4hr/Hrly) Charts

Please Register/Login to view the complete edition of Today’s Top 10 Trades. S&P500 (CME ES Jun15) Weekly/Daily/4hr/Hourly ES sold off strongly Friday, reinforcing a 3 month resistance zone seen just above 2100. On the weekly chart, ES is nearing ascending wedge support, although based on the distance between ascending wedge support and resistance, the wedge likely still has a bit of resolution to the upside before it completes with a reversal to…

Natural Gas (NG) Nearing Downchannel Support on Daily Chart

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

Please Register/Login to view the complete edition of Today’s Top 10 Trades. Natural Gas (CME NG May15) Weekly/Daily/4hr/Hourly NG gapped down (from Friday’s close) on yesterday’s opening, and continued sliding throughout the session, sitting precariously at upchannel support (in the 4hr chart) and just above downchannel support (on the daily chart). At the same time, NG isn’t far off from testing downchannel resistance (on the weekly chart), whi…