AUDUSD Spikes Higher on Stronger Than Expected Employment

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

…plete edition of Today’s Top 10 Trades. AUDUSD Weekly/Daily/4hr/Hourly The AUDUSD spiked higher on today’s stronger than expected Australian employment figures, adding to the solid gains yesterday as the US dollar increasingly weakens against a broad spectrum of major currencies. The AUDUSD is now flirting with breaking downchannel resistance (on the weekly chart), and appears to have formed a triple bottom (on the daily chart). The next key upsid…

AUDUSD Continues Surge Above Downchannel Resistance on Weekly Chart

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

…last week’s break above downchannel resistance (on the weekly chart), the AUDUSD surged further yesterday, flirting with the .785-.79 horizontal resistance range (seen in the daily chart) that has largely capped rallies over the last 2 months. The AUDUSD is at the time of the screenshot capture tiring at ascending wedge support (on the 4hr chart). The daily and 4hr RSI and Stochastics are consolidating following Friday’s strong rally, while the w…

AUDUSD Bullishly Aligning on Weekly/Daily/4hr Charts

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

AUDUSD Weekly/Daily/4hr/Hourly Among the major USD pairs, the AUDUSD has progressed most towards forming a tradable bottom. A triple bottom appears to be forming on the weekly chart, and on the daily chart, the AUDUSD is retesting its descending triangle resistance. Significantly, Thursday’s low was higher than the low formed about two weeks earlier. Bullishly for this week, the RSI, Stochastics and MACD across the weekly, daily and 4hr timeframe…

AUDUSD, EURUSD about to Resume Rally

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

AUDUSD Weekly/Daily/4hr/Hourly The AUDUSD continues consolidating nicely around a prior major bottom (as seen in the weekly chart). The .8625 to .8875 sideways channel it currently sits within will likely resolve to the upside in the next session or so as the weekly, daily and 4hr RSI, Stochastics and MACD are all bullishly sloping up or about to now. Silver (CME SI Dec14) Weekly/Daily/4hr/Hourly SI saw a bit of weakness Friday, but continues tra…

AUDUSD Week Long Rally Tiring

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

…ease 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 ups…

EURUSD, AUDUSD, GBPUSD Consolidating Rally off Bottom

Euro Weekly Chart

…ochastics and MACD are now either sloping upwards or about to. USDX Weekly AUDUSD Weekly/Daily/4hr/Hourly British Pound Philadelphia Index Weekly GBPUSD Weekly/Daily/4hr/Hourly Soybean (CME ZS Nov14) Weekly/Daily/4hr/Hourly Wheat (CME ZW Dec14) Weekly/Daily/4hr/Hourly Cotton (ICE CT Dec14) Weekly/Daily/4hr/Hourly Corn (CME ZC Dec14) Weekly/Daily/4hr/Hourly Natural Gas (CME NG Nov14) Weekly/Daily/4hr/Hourly Arabica Coffee (ICE KC Dec14) Weekly/Dail…

EURUSD Rejected @ Weekly Chart Descending Wedge Resistance

AUDUSD Technical Analysis

…o view the complete edition of Today’s Top 3 Trades (Thursday FX: EURUSD | AUDUSD | GBPAUD), you will need to upgrade your account. Beginning 2019, Tradable Patterns’ weekday newsletter Today’s Top 3 Trades adopts a new format. Each weekday, Tradable Patterns provides technical analysis on 3 markets of a designated asset class(es) as seen in the Watchlist of which it considers worth monitoring for trend reversals or continuation during the week th…

USDCAD Daily MACD Trying to Positively Cross

USDCAD Technical Analysis

…day’s Top 3 Trades includes technical analysis on: Metals/Energy (USDCAD | AUDUSD) + Today’s Top Trade (Arabica Coffee) Join the world’s largest asset manager and 2 of the world’s 5 largest (and 4 of the 10 largest) hedge funds by AUM as daily readers of Tradable Patterns’ technical analysis. Since becoming available on Bloomberg, Refinitiv and FACTSET, readers have included every single one of the global top 10 investment banks. If you represent…

USDCAD 2 Month Triangle Nearing Completion

USDCAD Technical Analysis

…e above. Today’s Top 3 Trades includes technical analysis on: FX (USDCAD | AUDUSD) + Today’s Top Trade (S&P500) Join the world’s largest asset manager and 2 of the world’s 5 largest (and 4 of the 10 largest) hedge funds by AUM as daily readers of Tradable Patterns’ technical analysis. Since becoming available on Bloomberg, Refinitiv and FACTSET, readers have included every single one of the global top 10 investment banks. If you represent an insti…

AUDJPY 5 week Ascending Wedge Nearing Completion

AUDUSD Technical Analysis

…e above. Today’s Top 3 Trades includes technical analysis on: FX (AUDJPY | AUDUSD) + Today’s Top Trade (Cocoa) Join the world’s largest asset manager and 2 of the world’s 5 largest (and 4 of the 10 largest) hedge funds by AUM as daily readers of Tradable Patterns’ technical analysis. Since becoming available on Bloomberg, Refinitiv and FACTSET, readers have included every single one of the global top 10 investment banks. If you represent an instit…