AUDUSD Weekly/Daily/4hr/Hourly The AUDUSD pushed higher yesterday and now appears to be on the verge of breaking a symmetrical triangle as seen in the 4hr chart. In the daily chart, AUDUSD is edging towards channel resistance around .8875. The weekly, daily and 4hr RSI, Stochastics and MACD are all bullishly sloping up or about toRead More
Tag: $DX_F
AUDUSD, EURUSD about to Resume Rally
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 upRead More
Tesla (TSLA) to Follow Netflix (NFLX) Plunge?
Although I missed shorting Netflix (NFLX) and Tesla (TSLA) these last few weeks, focusing on trading commodities and the equity indices and VIX, I thought it’d be worth profiling the similarity in the NFLX weekly chart analyses I shared on Tradingview.com a month back (https://www.tradingview.com/v/UjIECDyz) to TSLA’s (https://www.tradingview.com/v/A9hUXXuz) also posted a month back. Although IRead More
EURUSD, AUDUSD, GBPUSD Consolidating Rally off Bottom
Euro Philadelphia Index Weekly The Euro index surged higher yesterday, and as can be seen in the weekly chart below, has 130 in its crosshairs. Before hitting this next key target, consolidation today is in order after the bounce from 125. Refer to the shorter timeframe EURUSD charts below for a clearer picture of thisRead More
Soybean (ZS) Weekly/Daily/4hr Charts Bullishly Aligning
Soybean (CME ZS Nov14) Weekly/Daily/4hr/Hourly ZS rallied strongly yesterday, breaking above its descending wedge resistance (as seen in the weekly chart) along with the downchannel resistance (as seen in the daily chart). On the 4hr chart, it is currently flirting with breaking an ascending triangle resistance. With its weekly, daily and 4hr RSI and MACDRead More
Wheat (ZW)’s Weekly/Daily/4hr Charts Aligning
Wheat (CME ZW Dec14) Weekly/Daily/4hr/Hourly ZW rallied ahead of the WASDE report last Friday, and only pulled back marginally following the release. It continues consolidating the Friday gains in the Asian session, and appears set to resume upside shortly. ZW is just about to break above the descending wedge resistance line (as seen in theRead More
Pending Volatility Spike on Corn (ZC), Wheat (ZW), Soybeans (ZS) Post-Wasde
Cotton (ICE CT Dec14) Weekly/Daily/4hr/Hourly CT continued selling off yesterday after hitting a key resistance level (former ascending triangle support as seen in the daily chart), but found support at the 50% Fibonacci retracement of the rally from .61 to .653 (as seen in the 4hr chart). Its weekly and daily RSI, Stochastics and MACD,Read More
Cotton (CT) Ready to Rebound
Cotton (ICE CT Dec14) Weekly/Daily/4hr/Hourly CT saw a bit of hestitation yesterday after Wednesday’s minor bounce, giving up most of the prior day’s gains. The pullback has been shortlived though, as at the time of this writing (early in the Asian session), CT is moving up again and continues exhibiting bottoming characteristics on its weeklyRead More