Please Register/Login to view the complete edition of Today’s Top 10 Trades. Cotton (ICE CT Mar15) Weekly/Daily/4hr/Hourly CT made a strong break yesterday above the .61 horizontal resistance level (seen in the daily chart), and decisively broke above the descending wedge resistance (seen in the weekly chart). CT is now consolidating at the .62 levelRead More
Tag: $CL_F
Xmas Break Lull Approaching with USDX (DX), S&P500 (ES) Near 2014 High
Please Register/Login to view the complete edition of Today’s Top 10 Trades. Euro Philadelphia Index Weekly The Euro index caved under continued downward pressure Friday on the back of a further strengthening of the USD. Expectations of the SNB selling some of its accumulated Euros in favour of the USD ahead of the January 22Read More
Silver (SI), Gold (GC) Bouncing Off 50% Fib Retrace of 2 Wk Dec Rally
Please Register/Login to view the complete edition of Today’s Top 10 Trades. Cotton (ICE CT Mar15) Weekly/Daily/4hr/Hourly CT surged late in yesterday’s session, after having initially pushed below .6. By the close, CT was back in the upper half of the upchannel as seen in the 4hr chart. On the daily chart, CT continues itsRead 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
Rejection of USDX at Channel Resistance Triggers Sharp Reversal in Silver (SI)
Please Register/Login to view today’s complete Newsletter. VIX (CFE VX Dec14) Weekly/Daily/4hr/Hourly The VX powered ahead higher yesterday, pulling up its momentum indicators across the key weekly and daily charts. The current weekly candle bullishly sits almost completely above the highest end of the trading range of last week’s Hammer, creating a bullish Island reversalRead More
Increasing Expectations for No Vote on Nov 30 Swiss Referendum
EURCHF Weekly/Daily/4hr/Hourly The EURCHF shuffled sideways yesterday, consolidating the recent lift from the 1.201 support. Some speculate that the SNB intervened last week, reinforcing the bounce from the poll ahead of the Swiss gold referendum. Either way, the EURCHF remains only 27pips (as of the time of this writing) from the key 1.2 level whichRead More
AUDUSD Bullishly Aligning on Weekly/Daily/4hr 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. BullishlyRead More
USDX (DX) Tiring at Upchannel Resistance
Euro Philadelphia Index Weekly The Euro index has begun rallying, with the weekly MACD about to positively crossover, and a positive divergence seen between the weekly RSI, Stochastics and price. Longer term, one can spot potential downside risk to 119-120, especially within the context of a monthly chart. Let’s view the EURUSD shorter timeframe chartsRead More
VIX Holding Support @ Jul-Sep Lows
AUDUSD Weekly/Daily/4hr/Hourly The AUDUSD continued pushing higher yesterday, and now sits just shy of a downtrend line drawn on the daily chart, suggesting resistance at roughly .875. Upchannel resistance within the 4hr chart also suggests a pause around .875. On the weekly chart, AUDUSD increasingly appears as if it might be forming a triple bottom,Read More