Please Register/Login to view the complete edition of Today’s Top 10 Trades. Japanese Yen Philadelphia Index Weekly The Yen index pushed higher Friday post-NFP, and inched back above 30 on its weekly RSI. The weekly RSI and MACD are still exhibiting positive divergence, while the weekly Stochastics %K has crossed above 10. Let’s view theRead More
Tag: AUDUSD
Cocoa (CC) Breaking Downchannel Resistance on the Weekly Chart
Please Register/Login to view the complete edition of Today’s Top 10 Trades. Cocoa (ICE CC Mar15) Weekly/Daily/4hr/Hourly CC broke yesterday above a downchannel resistance line (on the weekly chart) and a symmetrical triangle resistance line (on the daily chart). Its weekly and daily RSI, Stochastics and MACD, along with 4hr MACD are all sloping upRead More
Natural Gas (NG) Makes Sharp Intraday Reversal
Please Register/Login to view the complete edition of Today’s Top 10 Trades. Japanese Yen Philadelphia Index Weekly The Yen index continues making a bottoming pattern on the weekly chart, with the Yen index exhibiting positive divergence on the RSI and MACD against price. The weekly RSI is rising towards 30, and the MACD appears poisedRead More
S&P500 (ES), Nasdaq100 (NQ) Wobbly, Yen Firming Ahead of FOMC
Please Register/Login to view the complete edition of Today’s Top 10 Trades. Japanese Yen Philadelphia Index Weekly The Yen index continues making a bottoming pattern on the weekly chart, as waning risk appetite as reflected in the S&P500’s shakiness last week spurs a flight to the Yen and US Dollar. As sentiment against the EuroRead More
Natural Gas (NG) Plunges Over 5% to Downchannel Support on Daily Chart
Please Register/Login to view the complete edition of Today’s Top 10 Trades. Silver (CME SI Mar15) Weekly/Daily/4hr/Hourly SI pulled back sharply on the final trading day of 2014, reversing all of the Tuesday gains and then some. In today’s Asian session, SI is attempting to find upchannel support (in the daily chart), and sits justRead More
AUDUSD Forming First Green Weekly Candle in 7 Weeks
Please Register/Login to view the complete edition of Today’s Top 10 Trades. AUDUSD Weekly/Daily/4hr/Hourly The AUDUSD added nicely to its 4 day rally yesterday, and in today’s Asian session, has broken above .82. The AUDUSD can be seen (in the weekly chart) as having bounced off a descending wedge support, and is forming its firstRead More
Natural Gas (NG) Bounces ~5% from Downchannel / Round Figure Support
Please Register/Login to view the complete edition of Today’s Top 10 Trades. Natural Gas (CME NG Feb15) Weekly/Daily/4hr/Hourly NG strongly rebounded yesterday from just above the key $3 round figure level, confirming downchannel support (on the daily chart) for now. On the 4hr chart, NG has broken above a downchannel resistance, and still has aRead More
USDX (DX) Sits Above 4yr Upchannel Resistance Ahead of NFP
Please Register/Login to view today’s complete Newsletter. Euro Philadelphia Index Weekly The Euro index saw a bit of whipsaw action yesterday, disappointing Euro bears who were hoping that the ECB would announce the introduction of its version of QE. The Euro index appears to continue forming a tradable bottom with the weekly RSI and StochasticsRead More
GBPUSD, EURUSD on Hold Ahead of BOE/ECB Announcements
Please Register/Login to view today’s complete Newsletter. British Pound Philadelphia Index Weekly The British Pound index continues flirting just above or below the key 61.8% Fibonacci support level of roughly 157. The British Pound index is currently just below this level, and awaits the BOE rate announcement today at 7am EST and the US UnemploymentRead More
Busy News Day for GBPUSD
Please Register/Login to view today’s complete Newsletter. British Pound Philadelphia Index Weekly The British Pound index continues flirting just above or below the key 61.8% Fibonacci support level of roughly 157. The British Pound index is currently just below this level, and awaits a slew of news today, beginning with the UK Services PMI atRead More