Please Register/Login to view today’s complete Newsletter. VIX (CFE VX Dec14) Weekly/Daily/4hr/Hourly The VX took longer than I expected to form a tradable bottom, but with US Thanksgiving last Thursday, and more importantly Black Friday the following day, I should’ve realized that there’d be a bit more upwards momentum on US equities going into theRead More
Tag: CT_F
GBPUSD/EURUSD Rally Warming Up as USDX Rejected @ Channel Resistance
Please Register/Login to view today’s complete Newsletter. Euro Philadelphia Index Weekly The Euro index finally began receiving some respect yesterday with a clear break above 1.25 after several weeks of consolidation. The Euro index is just a whisker away from a weekly MACD positive crossover, with the results of a positive divergence in play betweenRead More
Busy News Day Ahead of US Thanksgiving
Please Register/Login to view today’s complete Newsletter. EURCHF Weekly/Daily/4hr/Hourly Not much has changed with the EURCHF since yesterday, as the market remains on hold ahead of the Swiss gold referendum this Sunday. The EURCHF sits only 26pips (as of the time of this writing) from the key 1.2 level which the SNB has vowed toRead More
Arabica Coffee (KC) Surges Over 3% with Rally Resumption
Arabica Coffee (ICE KC Mar15) Weekly/Daily/4hr/Hourly KC surged yesterday more than 3.2%, and now has upward momentum even on the weekly chart, with the MACD green line flattening and perhaps positively crossing over in the next few sessions. After yesterday’s strong rally though, a bit of profittaking could hit KC in the first half ofRead More
Silver (SI) Approaching July-Current Downtrend Resistance
Euro Philadelphia Index Weekly The Euro index continues forming its tradable bottom, with the weekly MACD about to positively crossover finally, 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 EURUSDRead More
USDX (DX) Testing Upchannel Resistance
VIX (CFE VX Dec14) Weekly/Daily/4hr/Hourly The VX experienced a bit of profittaking Friday, but has begun rebounding in today’s Asian session. The key July-September support zone (of 15-16 with the December contract) is holding, and the VIX is now testing a symmetrical triangle resistance line as seen on the 4hr chart. The 4hr and dailyRead More
Arabica Coffee (KC) Completes Correction Since Mid October
Arabica Coffee (ICE KC Mar15) Weekly/Daily/4hr/Hourly KC convincingly broke out of its bottoming phase yesterday adding more than 2% on the day. Admittedly, I was about a week early in expecting the completion of this bottoming. KC appeared earlier this week to have broken beneath the ascending triangle support line as seen in the weeklyRead 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
Raw Sugar (SB) Rallies Almost 4% and Testing Major Resistance
AUDUSD Weekly/Daily/4hr/Hourly Following an initial dip yesterday, the AUDUSD rallied over a hundred pips to near the middle of the horizontal channel that it has relcaimed (as seen in the daily chart). On the weekly chart, AUDUSD increasingly appears as if it might be forming a triple bottom, with the recent break beneath horizontal channelRead More
Trading Subdued Today w/ US/Canada/France Bank Holiday
AUDUSD Weekly/Daily/4hr/Hourly After a bit of a dip yesterday, the AUDUSD has begun bouncing back in today’s Asian session, and now sits around channel support (as seen on the daily chart). Within the 4hr chart, AUDUSD can be seen testing a downchannel resistance line, and assuming it breaks above it, could be targeting the downtrendRead More